On the upside
Monsanto (NYSE: MON) posted higher 1st quarter profits that doubled as the world's biggest seed maker shipped more products to Latin America.An analyst upgraded Altas Air (Nasdaq: AAWW) which ships freight around the world.
Family Dollar Stores (NYSE: FDO) posted solid earnings as consumers turned to discount retailers amid a weak economy.
On the downside
Intel (Nasdaq: INTC) lowered its 4th quarter outlook again well below analysts' targets.Time Warner Cable (NYSE: TWC) warned of a full-year loss for 2008 due to a one-time $15 billion noncash pretax impairment charge on its cable franchise rights.
China-related stocks were under pressure. Shares of China Unicom (NYSE: CHU) fell sharply.
In the broad market, declining issues outpaced advancers by a margin of nearly 4 to 1 on the NYSE and by more than 3 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks tumbled 15 points to 499.
