On the upside
Peet's Coffee (Nasdaq: PEET) reported higher earnings that beat estimates. Its shares immediately rallied from 52-week lows.
comScore (Nasdaq: SCOR) posted record revenues and earnings as the provider of digital audience measurements reportes strong demand for its products and services.
Shares of Innophos Holdings (Nasdaq: IPHS) leaped after the maker of specialty phosphates reported higher revenues and earnings as the company was able to pass the rising costs of phosphate rock and sulfuric acid onto its products.
On the downside
Shares of Biogen Idec (Nasdaq: BIIB) and Elan Corp. (NYSE: ELN) tumbled due to additional safety concerns about their multiple sclerosis therapy.
General Motors (NYSE: GM) reported a $15.5 billion loss in the 2nd quarter as declining revenues, labor unrest and restructuring costs put together the automaker's 3rd worst quarter in its history.
Chevron (NYSE: CVX) posted higher profits, but the results from the 2nd largest U.S. oil company missed expectations.In the broad market, declining issues
outpaced advancers by a margin of nearly 2 to 1 on both the NYSE and Nasdaq.
The Russell 2000 which tracks small cap stocks lost 6 points to 708.
