On the upside
Smith International (NYSE: SII) offered 28 million new shares. An analyst promptly upgraded the energy exploration company.
Vivus (Nasdaq: VVUS) announced positive late-stage results for its erectile dysfunction drug candidate. The company also recently reported results of a promising weight loss drug.
Chico's FAS (NYSE: CHS) posted higher revenues and earnings due to strong women apparel sales.
On the downside
Design software maker Autodesk (Nasdaq: ADSK) posted 3rd quarter results that beat estimates, but lowered its outlook for the coming quarter due to higher costs.
Concur Technologies (Nasdaq: CNQR) reported higher 4th quarter results and announced the retirement of its CFO. The company provides employee expense tracking services.
Salesforce.com (NYSE: CRM) posted 3rd quarter profits that doubled, but analysts were concerned about the growing headcount at the online customer relations management service provider.
In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 3 on the NYSE and by 2 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks lost 3 points to 598.