On the upside
Dow Chemical (NYSE: DOW) and DuPont partnered to develop soybeans that are herbicide tolerant.
According to a Bloomberg report, Iconix Brands (Nasdaq: ICON) entered discussions to acquire Playboy Enterprises (NYSE: PLA).
Jamba (Nasdaq: JMBA) reversed year ago losses to post a profit for the third quarter due to cost cutting measures.
On the downside
Although Aegon (NYSE: AEG) swung to a profit for the third quarter, the results fell short of expectations.
Northwest Pipe (Nasdaq: NWPX) delayed its third quarter earnings release and warned of a $1 million loss.
Shares of Wells Fargo (NYSE: WFC) and Bank of America (NYSE: BAC) fell after the Federal Reserve announced a new rule which requires customer consent for banks can charge significant overdraft fees on ATM and debit card transactions.
In the broad market, declining issues outpaced advancers by a margin of nearly 4 to 1 on the NYSE and by more than 3 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks plunged 12 points to 580.
