On the upside
American International Group (NYSE: AIG) reversed year ago losses to report second quarter earnings that surpassed analyst expectations. It was the first quarterly profit for the insurer in nearly two years.
Beazer Homes (NYSE: BZH) narrowed losses for the third quarter.
Apollo Investment (Nasdaq: AINV) reported higher earnings for the first quarter prompting an upgrade.
On the downside
PMI Group (NYSE: PMI) disappointed by reporting a wider than expected loss for the second quarter.
China Digital TV (NYSE: STV) disappointed with lower second quarter earnings as revenue fell.
MoneyGram International (NYSE: MGI) widened second quarter losses.
In the broad market, advancing issues outpaced decliners by a margin of more than 3 to 1 on the NYSE and by nearly 5 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks soared 16 points to 573.
