On the upside
Deutsche Bank North American analyst Karen Tang upgraded Melco Crown Entertainment (Nasdaq: MPEL).
Although Carnival (NYSE: CCL) reported lower second quarter earnings, the results topped analyst estimates.
Analysts upgraded National Penn Bancshares (Nasdaq: NPBC).
On the downside
Liz Claiborne (NYSE: LIZ) warned that its loss for the second quarter would be wider than expected.
Macy's (NYSE: M) announced a voluntary recall of 33,000 children's hooded sweatshirts with hood drawstrings that may be a strangulation hazard.
In lieu of contributing $83 million to its pension plan, YRC Worldwide (NYSE: HPT) used real estate as collateral for the payment.
In the broad market, advancing issues outpaced decliners by a margin of 4 to 3 on the NYSE while decliners barely edged out advancers by a slim margin on Nasdaq. The Russell 2000 which tracks small cap stocks added a point to 508.
