On the upside
Energy XXI Gulf Coast (Nasdaq: EXXI) extended the expiration date of its exchange offer.
Shares of Motorola (NYSE: MOT) rose ahead of the launch of its new Droid phone next month.
Sterne Agee upgraded Manitowoc (NYSE: MTW) to a Buy rating.
On the downside
The U. S. International Trade Commission ruled that Nokia did not infringe on InterDigital's (Nasdaq: IDCC) patents prompting a downgrade.
GMX Resources (Nasdaq: GMXR) will offer 5.75 million shares and $70 million in senior convertible notes in order to raise capital to pay down debt.
Keefe, Bruyette & Woods said that Freddie Mac (NYSE: FRE) and Fannie Mae (NYSE: FNM) shares are most likely worthless.
In the broad market, advancing issues outpaced decliners by a margin of more than 3 to 1 on the NYSE and by nearly 2 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks rose 6 points to 622.
