On the upside
Gymboree (Nasdaq: GYMB) impressed with second quarter earnings that surged to top estimates due to higher sales and a lower than expected tax rate.
Freddie Mac (NYSE: FRE) said that mortgage rates fell their lowest level in four months.
Taiyangshan Development Zone selected ReneSola (NYSE: SOL) to build a $706 million, 150 megawatt solar power plant.
On the downside
AVI BioPharm (Nasdaq: AVII) priced its offering of 21.1 million common shares and warrants to purchase up to 8.4 million shares at $1.42 per unit.
Sterling Financial (Nasdaq: STSA) announced that it will defer interest payments on junior subordinated notes and will also defer payments of regular quarterly dividends for its preferred stock.
Citi Trends (Nasdaq: CTRN) swung to a loss as sales dropped.
In the broad market, advancing issues outpaced decliners by a margin of more than 2 to 1 on the NYSE and by more than 9 to 7 on Nasdaq. The Russell 2000 which tracks small cap stocks added 3 points to 565.
