1:00 PM New York – Precision Castparts Corp led gainers in the S&P 500 index with a rise of 9.0%. Coldwater Creek Inc swings to a net loss in the second quarter. Jo-Ann Stores, Inc second quarter sales rise. American Eagle said second quarter sales fell 5% and net dropped 52%.

Of the stocks in S&P 500 index, 86 increased, 408 declined and 6 were unchanged.

Eastman Kodak Company led the decliners in the S&P 500 index with a loss of 5.9% followed by losses in Lennar Corporation of 3.7%, in Integrys Energy Group, Inc of 2.8%, in Meredith Corporation of 2.5% and in D.R. Horton, Inc of 2.4%.

Precision Castparts Corp led gainers in the S&P 500 index with a rise of 9.0% followed by gains in The Boeing Company 8.3%, in American International Group, Inc of 6.7% and Rockwell Collins, Inc of 3.2%.

Other Movers

American International Group (AIG) increased 27% to $47.81.

A-Power Energy Generation Systems, Ltd (APWR) fell 9.0% 79 cents to $8.83 after the provider of distributed power generation systems in China reported second quarter sales fell 12.5% to $57.5 million from $65.7 million a year ago. Net income in the quarter rose 1.6% to $6.3 million or 14 cents per diluted share compared to net income of $6.2 million or 18 cents per share a year ago.

American Eagle Outfitters, Inc (AEO) slid 0.2% or 3 cents to $14.55 after the retailer reported second quarter sales fell 5% to $657.6 million from $688.8 million a year ago. Net income in the quarter fell 52% to $28.6 million or 14 cents per diluted share compared to net income of $59.8 million or 29 cents per share a year ago.

Coldwater Creek Inc (CWTR) decreased 3.0% or 21 cents to $6.97 after the women''s apparel retailer said second quarter revenues fell 7% to $225.2 million from $241.4 million a year ago. Net loss in the quarter was $4.9 million or 5 cents per diluted share compared to net income of $3.1 million or 3 cents per share a year ago.

dELiA*s, Inc (DLIA) rallied 0.3% or 1 cent to $2.82 after the direct marketing and retail company reported second quarter revenues rose 2.4% to $45.7 million from $44.6 million a year ago. Net loss in the quarter was $4.7 million or 15 cents per diluted share compared to net loss of $5 million or 16 cents per share a year ago.

Eastman Kodak Company (EK) fell 8.0% or 44 cents to $5.07.

eLong, Inc (LONG) increased 6.4% or 48 cents to $7.98 an online travel service provider in China said second quarter revenues rose 1.4% to Rmb 81.9 million from Rmb 80.8 million a year ago. Net income in the quarter was $9.5 million or Rmb 0.19 per diluted share compared to net loss of Rmb 20.3 million or Rmb 0.40 per share a year ago.

Fred’s, Inc (FRED) fell 0.8% or 12 cents to $13.43 after the discount store operator reported second quarter sales fell 3% to $434.2 million from $447.1 million a year ago. Net income in the quarter rose 320% to $4.2 million or 11 cents per diluted share compared to net income of $1 million or 3 cents per share a year ago.

[Genesco (GCO) surged 7.5% or $1.57 to $22.47 after the shoe retailer reported second quarter sales fell 5.2% to $334.7 million from $353.1 million a year ago. Net loss in the quarter was $2.72 million or 13 cents per diluted share compared to net loss of $10.8 million or 58 cents per share a year ago.

Jo-Ann Stores, Inc (JAS) added 9.0% or $2.33 to $27.98 after the fabric and craft retailer said second quarter revenues rose 4% to $419.4 million from $403.0 million a year ago. Net loss in the quarter was $3.2 million or 13 cents per diluted share compared to net loss of $11.7 million or 47 cents per share a year ago.

LaBarge, Inc (LB) slid 0.1% or 1 cent to $10.25 an electrical components manufacturer reported fourth quarter sales fell 17% to $64.8 million from $77.8 million a year ago. Net income in the quarter fell 43.5% to $2.6 million or 16 cents per diluted share compared to net income of $4.6 million or 28 cents per share a year ago.

Lennar Corporation (LEN) the provider of financial services fell 4.3% or 68 cents to $14.90.

MBIA Inc (MBI) increased 11.6% to $6.25.

Northrop Grumman (NOC) increased 2% to $49.45 after it won contract of 3.4 billion from the U.S. Air Force and $2.43 billion contract from the U.S. Navy.

Oshkosh Corp (OSK) surges 22% to 33.63 after the trucking company won a contract from the U.S. Army for $281 million.

Precision Castparts Corp (PCP) rose 9.0% or $6.69 to $93.46 after the manufacturer of complex metal components and products has agreed to acquire Carlton Forge Works and related entities for $850 million.