On the upside
Select Comfort (Nasdaq: SCSS) shareholders rejected a deal that would have given Sterling Partners a controlling interest in the company.
Hovnanian Enterprises (NYSE: HOV) will release third quarter earnings after market close on Wednesday, September 2.
Finland's largest utility Fortum selected Telvent (Nasdaq: TLVT) to develop an advanced metering infrastructure project using Echelon's (Nasdaq: ELON) Networked Energy Services system.
Trubion Pharmaceuticals (Nasdaq: TRBN) will receive up to $196.5 million from Facet Biotech for the marketing rights to its experimental leukemia drug TRU-016.
Intel (NYSE: INTC) lifted its outlook for the third quarter due to strong demand.
On the downside
The9 Limited (Nasdaq: NCTY) swung to a loss as revenue fell.
In the broad market, advancing issues edged out decliners by a margin of nearly 10 to 9 on the NYSE and while decliners outpaced advancers by nearly 2 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks slipped 3 points to 579.