On the upside

Illlumina (Nasdaq: ILMN) released preliminary fourth quarter revenue that topped analyst estimates.

Emulex (NYSE: ELX) impressed with preliminary second quarter results that surpassed expectations.

Supervalu (NYSE: SVU) reversed year ago losses to post a profit for the third quarter as the grocery chain controlled costs.

On the downside

Great Atlantic & Pacific Tea (NYSE: GAP) blamed one time charges and lower sales for widening third quarter losses.

Quantum (NYSE: QTM) will release third quarter results on January 28, 2010 after market close.

Goldman Sachs initiated coverage of Radian Group (NYSE: RDN) with a Neutral rating.

In the broad market, declining issues outpaced advancers by a margin of 5 to 2 on both the NYSE and on Nasdaq. The Russell 2000 which tracks small cap stocks fell 8 points to 635.