The recovery effort runs into resistance, sending the stock market back on the retreat.
Pharmacy management service company MedcoHealth Solutions (MHS 42.58, +4.58) is one of the best-performing S&P 500 stocks this session after reporting better-than-expected third quarter revenue and earnings. Other notable gainers in reaction to earnings include Time Warner (TWX 11.06, +0.23), Hospira (HSP 31.49, +2.84) and Molson Coors Brewing (TAP 40.73, +2.15).
Conversely, General Growth Properties (GGP 3.17, -1.32) is one of the worst-performing stocks after the REIT posted third quarter revenue and earnings that missed estimates, and gave downside guidance for fiscal year 2008. Other losers in reaction to earnings include Duke Energy (DUK 16.05, -0.87), MBIA (MBI 8.18, -2.28), Sara Lee (SLE 10.49, -1.37), March & McLennan (MMC 27.28, -2.42).