On the upside
Magna International (NYSE: MGA) reported an unexpected profit for the third quarter prompting an upgrade.
Shares of airline stocks AirTran Holdings (NYSE: AAI), Continental Airlines (NYSE: CAL) and US Airways Group (NYSE: LCC) all rose as crude oil prices retreated.
KeyBanc Capital Markets analyst Tahira Afzal upgraded Willbros Group (NYSE: WG) citing improving operations.
On the downside
Move (Nasdaq: MOVE) reported lower third quarter revenue prompting a downgrade.
Sapient (Nasdaq: SAPE) blamed special charges for third quarter earnings that plummeted.
Red Robin Gourmet Burgers (NYSE: RRGB) blamed the economic downturn for lower third quarter revenue and earnings.
In the broad market, advancing issues outpaced decliners by a margin of nearly 10 to 9 on the NYSE and while decliners edged out advancers by more than 10 to 9 on Nasdaq. The Russell 2000 which tracks small cap stocks eased a fraction to 580.