On the upside
Citigroup (NYSE: C) announced a temporary program to lower mortgage payments for some homeowners to an average of $500 a month for three months in order to help the unemployed.VeriSign (Nasdaq:VRSN) announced the sale of its Communication Services Group to TNS, Inc. (NYSE:TNS) for $230 million in cash.
Einstein Noah Restaurant Group (Nasdaq: BAGL) posted slightly lower 4th quarter revenues and flat profits, but the higher cashflow from operations beat expectations.
On the downside
Blount International (NYSE: BLT) posted higher 4th quarter sales and lower profits as higher steel costs cut into margins.
Continental Airlines (NYSE: CAL) reported lower February traffic and capacity to weigh down the air carrier sector.
In the broad market, advancing issues outpaced decliners by a margin of 7 to 6 on the NYSE and by 5 to 4 on Nasdaq. The Russell 2000 which tracks small cap stocks rose a fraction to 368.