On the upside
Sprint (Nasdaq: S) announced that it will begin prorating early cancellation fees in December.Shares of Thornburg Mortgage (NYSE: TMA) continued to climb as bargain hunters snapped up shares of the mortgage lender.
Citi Investment Research analyst Deborah Weinswig expects CVS Caremark (NYSE: CVS) to outperform its rivals.
On the downside
Apple (Nasdaq: AAPL) reported higher fourth quarter earnings as iPhone sales surged but overall revenue fell short of estimates.Anixter International (NYSE: AXE) disappointed with lower third quarter earnings that fell far short of analyst expectations.
Although Western Union (NYSE: WU) reported higher third quarter results, the payment transfer company withdrew its long-term growth projections and narrowed its full year outlook.
In the broad market, declining issues outpaced advancers by a margin of 7 to 3 on the NYSE and by nearly 5 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks plunged 16 points to 531.
