On the upside
Although Goodyear Tire & Rubber (NYSE: GT) swung to a loss for the second quarter, the results were better than expected.
Hartford Financial Services Group (NYSE: HIG) swung to a second quarter loss due to investment losses and a drop in premiums but the results were not as bad as analysts expected.
Second quarter earnings plunged for Wynn Resorts (Nasdaq: WYNN) but the results beat expectations.
On the downside
Akamai Technologies (Nasdaq: AKAM) blamed pricing pressure for second quarter earnings that fell short of expectations. The company also forecast third quarter revenue below estimates prompting downgrades.
Level 3 Communications (Nasdaq: LVLT) widened second quarter losses as sales dropped to fall short of estimates.
Omnicare (NYSE: OCR) reported lower second quarter earnings and trimmed its full year outlook.
In the broad market, advancing issues outpaced decliners by a margin of more than 4 to 1 on the NYSE and by nearly 5 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks gained 9 points to 558.
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