On the upside
The Israel Defense Forces placed a $10 million order for the David Light Armored Vehicle from Arotech (Nasdaq: ARTX).
Rite Aid (NYSE: RAD) refinanced a $145 million loan and a $1.75 billion credit facility.
J.P. Morgan upgraded TRW Automotive Holdings (NYSE: TRW) and lifted its priced target for the automotive parts supplier after TRW amended its credit agreement.
On the downside
Allis-Chalmer Energy (NYSE: ALY) will use funds raised through a rights offering to purchase up to $74.8 million worth of senior notes.
Shares of Gildan Activewear (NYSE: GIL) fell despite reassurances that its manufacturing facilities in Honduras remain unaffected by military coup.
FBR Capital Markets analyst Luther Lu downgraded Alcoa (NYSE: AA) citing an oversupply of aluminum along with recent gains in Alcoa's stock price.
In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on the NYSE and by more than 10 to 9 on Nasdaq. The Russell 2000 which tracks small cap stocks eased a fraction to 513.
