On the upside
MBIA (NYSE: MBI) announced that former senior vice president and partner of global investment advisor Wellington Management Theodore Shasta was elected to the bond insurer's board and will join the audit committee.
Shares of Xerium Technologies (NYSE: XRM) surged ahead of its earnings release after market close.
Brookdale Senior Living (Nasdaq: UAUA) reported record results for the second quarter.
On the downside
Second quarter earnings for Herbalife (Nasdaq: HLF) fell as revenue dropped.
FTI Consulting (NYSE: FCN) reported higher second quarter earnings but revenue fell short of estimates.
Swift Energy (NYSE: SFY) will offer 5 million shares to raise capital.
In the broad market, advancing issues outpaced decliners by a margin of more than 7 to 5 on the NYSE and by a margin of nearly 9 to 7 on Nasdaq. The Russell 2000 which tracks small cap stocks rose 4 points to 570.
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