On the upside
General Mills (NYSE: GIS) posted higher profits due to strong demand for its packaged foods and lower commodity prices.
Keryx Biopharmaceuticals (Nasdaq: KERX) posted positive results for its drug candidate to treat dialysis patients.
Ascent Solar Technologies (Nasdaq: ASTI) signed a multi-year agreement to supply solar modules.
On the downside
U.S. Airways (NYSE: LCC) and AMR Corporation (NYSE: AMR) issued new notes in order to raise capital.
Incyte Corporation (Nasdaq: INCY) offered stock and debt to raise money to develop drugs for the treatment of cancer and diabetes.
An analyst downgraded Tellabs (Nasdaq: TLAB), a maker of telecommunications networking equipment.
In the broad market, advancing issues outpaced decliners by a slim margin on both the NYSE and Nasdaq. The Russell 2000 which tracks small cap stocks held steady at 620.
