Wall Street declined modestly on Friday, after the Standard & Poor’s 500 Index marked a five-year high, as investors watched financial results.
In corporate news, Trius Therapeutics, Inc. (NASDAQ:TSRX) declined more than 8% after the company priced underwritten public offering.[article_detail_ad_1]
Finisar Corporation (NASDAQ:FNSR) tumbled on a downgrade from Hold to Under perform at Jefferies. The rating firm also lowered its price target from $14.00 to $7.50.
Capital One Financial Corp. (NYSE:COF) lost about $4.50 after the company’s earnings and outlook failed to meet or beat estimates.
Assured Guaranty Ltd. (NYSE:AGO) faced a fall as recently Moody’s Investors Service has lowered the Insurance Financial Strength (IFS) rating of the company’s three pricncipal operating subsidiaries.
JDS Uniphase Corp (NASDAQ:JDSU) fell 3% on an insider selling. Pollack Andrew R (SVP, General Counsel) sold 2,806 shares at $13.39/share.
People’s United Financial, Inc. (NASDAQ:PBCT) and American Express Company (NYSE:AXP) both plunged after releasing fourth-quarter earnings report.
Franklin Resources, Inc. (NYSE:BEN) traded lower after its wholly owned subsidiary Franklin Advisers announced monthly dividend.
Monster Beverage Corp (NASDAQ:MNST) fell after two US senators increased their scrutiny of energy drinks by writing to 14 companies demanding information on their products.
Other stocks in the red, at last check, were J.C. Penney Company, Inc. (NYSE:JCP), Chimera Investment Corporation (NYSE:CIM), Whirlpool Corporation (NYSE:WHR), Allied Nevada Gold Corp. (NYSEAMEX:ANV) and JetBlue Airways Corporation (NASDAQ:JBLU).
Turning to most active stocks, Intel Corporation (NASDAQ:INTC) and Nokia Corporation (ADR) (NYSE:NOK) were moving down.
On the upside, NuPathe Inc (NASDAQ:PATH) soared about 12% after U.S. FDA provided an approval for Migraine Skin Patch.
Life Technologies Corp. (NASDAQ:LIFE) hit new high today after it hired the firms to seek an potential buyer.
Carnival Corporation (NYSE:CCL) traded higher after the company renewed its authorization for the buyback of as much as $1 billion of its common stock.
Valero Energy Corporation (NYSE:VLO) broke past 52-week high after Zacks was particularly bullish on the stock.
Magnum Hunter Resources Corp (NYSE:MHR) was up after CEO Gary Evans provided outlook for natural gas and oil prices.
The Geo Group, Inc. (NYSE:GEO) was top price hitter after the Internal Revenue Service provided a favorable private letter ruling in connection with GEO`s previously declared conversion to a real estate investment trust (REIT).
State Street Corporation (NYSE:STT) scored new 52-week high after issuing Fourth-Quarter and full year 2012 results.
SINA Corp (NASDAQ:SINA) added about 3% on release of promoted feed ads for its Weibo platform.
Rockwood Holdings, Inc. (NYSE:ROC) rose about 4% after appointing Nahla A. Azmy as Rockwood’s Vice President, Investor Relations and Communications, effective January 21, 2013.
Corrections Corp Of America (NYSE:CXW) jumped to new high.
Schlum berger Limited. (NYSE:SLB) was up after fourth-quarter and full-year 2012 earnings release.
More stocks in green were E TRADE Financial Corporation (NASDAQ:ETFC), Masco Corporation (NYSE:MAS), Baker Hughes Incorporated (NYSE:BHI), United Technologies Corporation (NYSE:UTX) and Staples, Inc. (NASDAQ:SPLS).
Among volume leaders, General Electric Company (NYSE:GE), Research In Motion Limited (USA) (NASDAQ:RIMM), Morgan Stanley (NYSE:MS) and Applied Materials, Inc. (NASDAQ:AMAT) are gaining sharply.