On the upside
United Airlines parent UAL (Nasdaq: UAUA) reported higher January unit revenue and traffic.
Diversified Realty (NYSE: DDR) priced its offering of more than 37 million shares of common stock at $8.16 per share.
Japan Airlines rejected overtures by Delta (NYSE: DAL) to switch alliances to SkyTeam and will continue its partnership with American Airlines (NYSE: AMR) through Oneworld.
On the downside
While Electronic Arts (Nasdaq: ERTS) narrowed third quarter losses, the video game publisher forecast current quarter results well below analyst estimates prompting a downgrade.
Toreador Resources (Nasdaq: TRGL) priced its offering of 3 million common shares at $8.50 per share.
Energy Conversion Devices (Nasdaq: ENER) swung to a wider than expected loss for the second quarter a sales tumbled.
In the broad market, advancing issues outpaced decliners by a margin of more than 4 to 1 on the NYSE and by nearly 7 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks gained 5 points to 591.
