On the upside
Shares of Blackstone Group (NYSE: BX) extended yesterday's rally on hopes that the government purchase of toxic assets may stabilize its fund management operations.
Shares of Phillips-Van Heusen (NYSE: PVH) rose after an analyst upgraded the company the shoe and clothing maker.
Petroquest Energy (NYSE: PQ) offered an upbeat 1st quarter production outlook.
Spices and seasonings company McCormick & Company (NYSE: MKC) expects weak sales growth through 2009 while maintaining a profit.
In the broad market, declining issues outpaced advancers by a margin of more than 2 to 1 on the NYSE and by nearly 2 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks fell 5 points to 428.
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