On the upside
Comerica (NYSE: CMA) reported sharply lower second quarter earnings due to loan loss provisions but the results topped expectations.
Although second quarter earnings for Tempur-Pedic International (NYSE: TPX) fell, the results surpassed estimates.
Shares of Pacific Ethanol (Nasdaq: PEIX) rose after UBS upgraded the ethanol sector.
On the downside
SemGroup Energy Partners (Nasdaq: SGLP) announced yesterday that it may file for Chapter 11 bankruptcy protection due to liquidity problems.
Evergreen Solar (Nasdaq: ESLR) widened second quarter losses and forecast third quarter results below expectations.
IStar Financial (NYSE: SFI) blamed higher loan loss provisions and increased write-downs for warning that second quarter results will fall short of estimates.
In the broad market, advancing issues barely edged out decliners by a slim margin on the NYSE while decliners outpaced advancers by nearly 10 to 9 on Nasdaq. The Russell 2000 which tracks small cap stocks lost a point to 696.
