On the upside
Shares of YRC Worldwide (Nasdaq: YRCW) rose after the transportation company said that expenses will be reduced with the completed integration of its Yellow and Roadway brands.Higher treatment volume boosted fourth quarter earnings for DaVita (NYSE: DVA) to beat expectations.
Syniverse Holdings (NYSE: SVR) reported higher fourth quarter revenue and earnings.
On the downside
The Justice Department announced that it will review the proposed merger between Ticketmaster Entertainment (Nasdaq: TKTM) and Live Nation (NYSE: LYV) for possible antitrust issues.Shares of Continental (NYSE: CAL) tumbled after Morgan Stanley lowered its outlook for the airline industry.
Although L-1 Identity Solutions (NYSE: ID) reported higher fourth quarter revenue and income, the results fell short of analyst expectations.
In the broad market, advancing issues outpaced decliners by a margin of 7 to 5 on the NYSE and by nearly 5 to 4 on Nasdaq. The Russell 2000 which tracks small cap stocks added 2 points to 448.