On the upside
Temple-Inland (NYSE: TIN) reversed year ago losses to post a profit that beat expectations by a wide margin.
AirTran Holdings (NYSE: AAI) reported a better than expected first quarter profit even as revenue slipped.
Goldman Sachs analyst Patrick Archambault upgraded Ford (NYSE: F).
On the downside
Plains Exploration & Production (NYSE: PXP) increased its public offering of common shares by 2 million to 12 million.
Analysts downgraded KeyCorp (NYSE: KEY) after the regional bank swung to a first quarter loss.
In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 2 on the NYSE and by nearly 2 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks climbed 9 points to 479.