On the upside
Amgen (Nasdaq: AMGN) announced reaching a goal for a bone drug treatment for breast cancer patients.
Private equity firm Symphony Technology Group offered $360 million in cash to buy MSC Software (Nasdaq: MSCS), a software testing company.
Family Dollar Stores (NYSE: FDO) posted quarterly profits that beat expectations.
On the downside
Shares of Microsoft (Nasdaq: MSFT) fell following an announcement by Google (Nasdaq: GOOG) that it would ship its own operating system for personal computers in 2010.
Arena Pharmaceuticals (Nasdaq: ARNA) announced that it would raise $52 million by issuing new stock.
Regulators may be considering limits on commodities trading which would hinder growth prospects for IntercontinentalExchange (NYSE: ICE).
In the broad market, advancing issues outpaced advancers by a margin of more than 5 to 4 on the NYSE and by nearly the same on Nasdaq. The Russell 2000 which tracks small cap stocks edged up a point to 485.
