On the upside
The new 3G S iPhone went on sale at Apple (Nasdaq: AAPL) and AT&T (NYSE: T) stores this morning.
Sealy Corp. (NYSE: ZZ) offered solid guidance for its mattress business to surpass analysts' expectations.
Shares of Smith & Wesson (Nasdaq: SWHC) surged after the firearms maker posted higher revenues. Analysts promptly upgraded the stock.
Auto retailer CarMax (NYSE: KMX) posted lower 1st quarter revenues and profits, but the results beat expectations.
On the downside
E-Trade Financial (Nasdaq: ETFC) priced a public offering of 435 million shares of common stock at $1.10 per share.
Teekay Tankers (NYSE: TNK) offered 7 million common shares to buy a tanker and pay down debt.
In the broad market, advancing issues outpaced decliners by a margin of 3 to 1 on the NYSE and by a margin of 4 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks climbed 7 points to 517.
