On the upside
Toyota (NYSE: TM) announced plans to suspend production at all 12 of its Japan plants for a total of 11 days in February and March.
Indevus Pharmaceuticals (Nasdaq: IDEV) received a $370 million buy-out offer from Endo Pharmaceuticals (Nasdaq: ENDP) to diversify its drug portfolio.
On the downside
Super Micro Computer (Nasdaq: SMCI) lowered its revenue and earnings outlook for 2009 due to delays in customer purchases.Shares of IntercontinentalExchange (NYSE: ICE) tumbled for a second day in a row as a drop in commodity futures trading cut into its average daily commissions total.
An analyst downgraded Allscripts-Misys Healthcare Solutions (Nasdaq: MDRX) due to slack growth and cost-cutting in the segment.
In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 1 on the NYSE and by 3 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks gained 8 points to 513.