On the upside
Motorola (NYSE: MOT) partnered with Verizon Wireless, a unit of Verizon Communications (NYSE: VZ) to launch the Droid smartphone on November 6.
Peet's Coffee & Tea (Nasdaq: PEET) posted higher revenues and profits while raising its guidance for the 4th quarter.
Shares of NutriSystem (Nasdaq: NTRI) rose after the weight loss program company delivered on quarterly results and announced a dividend.
On the downside
The nation's 3rd largest oil company ConocoPhilips (NYSE:COP) posted lower revenues and profits while cutting back on natural gas production.
Shares of K-Sea Transportation Partners (NYSE: KSP) tumbled after the company disclosed that it may fall out of compliance with debt and lease agreements.
ValueClick (Nasdaq: VCLK) reported lower revenues and higher profits, but the online advertising company also offered a weak outlook.
In the broad market, declining issues outpaced advancers by a margin of 3 to 1 on the NYSE and by more than 2 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks lost 6 points to 580.
