On the upside
Novavax (Nasdaq: NVAX) will work with the National Institutes of Health to evaluate a virus-like particle vaccine against the swine flu, influenza A (H1N1), virus.
First Industrial Realty Trust (NYSE: FR) closed three secured financing transactions for a total of $154 million.
RBC Capital Markets upgraded KeyCorp (NYSE: KEY) from sector perform to top pick.
On the downside
Compass Diversified Holdings (Nasdaq: CODI) priced its offering of 5.1 million trust shares at $8.85 per share.Gap (NYSE: GPS) disappointed with a larger than expected 6% drop in same store sales in May.
Macy's (NYSE: M) reported that May same store sales tumbled 9.1%.
In the broad market, advancing issues outpaced decliners by a margin of more than 2 to 1 on the NYSE and by nearly 5 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks gained 4 points to 527.
