[R]1:00 PM New York – Big Lots led gainers in the S&P 500 index with a rise of 8.9%. Bank of Montreal declares dividend. Chico’s FAS, Inc earnings per share double. Ivanhoe Mines surges after Mongolian Parliament terminate windfall tax. Brazil based Gol airlines plan to raise $355 million. Corinthian surges on quarterly results.[/R]

Of the stocks in S&P 500 index, 361 increased, 123 declined and 16 were unchanged.

The Manitowoc Company, Inc led the decliners in the S&P 500 index with a loss of 5.9% followed by losses in Denbury Resources Inc of 4.5%, in Salesforce.com, inc of 1.9%, in Kimco Realty Corporation of 1.6% and in Marshall & Ilsley Corporation of 1.5%.

Big Lots, Inc led gainers in the S&P 500 index with a rise of 8.9% followed by gains in Harman International Industries, Incorporated 6.4%, in Lennar Corporation of 4.8% and Pulte Homes, Inc of 3.9%.

Other Movers

Accuray Incorporated (ARAY: chart) decreased 10.2% or 77 cents to $6.75 after the medical radiation equipment maker said fourth quarter revenues rose 15% to $58.8 million from $50.9 million a year ago. Net income in the quarter rose 540% to $1.2 million or 2 cents per diluted share compared to net income of $191,000 or break even per share a year ago.

American Woodmark Corporation (AMWD: chart) fell 14.7% or $3.59 to $20.69 after a kitchen cabinet maker reported first quarter sales fell 28% to $100.8 million from $139.2 million a year ago. Net loss in the quarter was $6.4 million or 45 cents per diluted share compared to net income of $156,000 or 1 cent per share a year ago.

Bank of Montreal (BMO: chart) rallied 3.8% or $1.76 to $47.43 after the diversified financial services provider reported third quarter sales rose 8.4% to $2.98 billion from $2.75 billion a year ago. Net income in the quarter rose 7% to $557 million or 97 cents per diluted share compared to net income of $521 million or 98 cents per share a year ago.

Big Lots, Inc (BIG: chart) surged 10.6% or $2.56 to $26.59 after the national closeout retailer reported second quarter sales fell 1.8% to $1.09 billion from $1.11 billion a year ago. Net income in the quarter rose 9.2% to $28.4 million or 34 cents per diluted share compared to net income of $26.0 million or 32 cents per share a year ago.

Borders Group, Inc (BGP: chart) tumbled 4.8% or 18 cents to $3.52 after the bookseller reported second quarter sales fell 18% to $616.8 million from $749.2 million a year ago. Net loss in the quarter was $45.6 million or 76 cents per diluted share compared to net loss of $9.2 million or 15 cents per share a year ago.

China Petroleum & Chemical Corporation (SNP: chart) declined 2.0% or $1.86 to $88.80 an energy and chemical company said first-half revenues fell 27% to Rmb 534 billion from Rmb 731 billion a year ago. Net income in the first-half rose 333% to Rmb 33.25 billion compared to net income of Rmb 7.68 billion a year ago.

Chico’s FAS, Inc (CHS: chart) soared 8.5% or $1.01 to $12.90 after the women''s specialty retailer reported second quarter sales rose 4% to $419.9 million from $405.2 million a year ago. Net income in the quarter rose 122.4% to $14.9 million or 8 cents per diluted share compared to net income of $6.7 million or 4 cents per share a year ago.

Corinthian Colleges, Inc (COCO: chart) increased 10.6% to $19.17 after it reported fourth quarter revenues increased 29% to $274 million and income from continuing operations were $24.7 million and 28 cents per share, ahead of expectations.

Daktronics, Inc (DAKT: chart) declined 7.2% or 64 cents to $8.25 after the maker of electronic displays reported first quarter sales fell 29.6% to $113.5 million from $161.2 million a year ago. Net income in the quarter fell 85.6% to $1.4 million or 3 cents per diluted share compared to net income of $9.7 million or 24 cents per share a year ago.

Denbury Resources Inc (DNR: chart) the oil and gas exploration slipped 4.5% or 77 cents to $16.11.

Gol Linhas (GOL: chart) the Brazil based airliner plans to raise 650 million reais or $355 million in global stock offering. The stock fell 6% in New York trading to $10.13.

Ivanhoe Mines (IVN: chart) surged 16% to $10.14 after the Mongolian Parliament voted to end the windfall tax provision as of 2011. The Canadian mining company is looking to explore rare minerals and other precious metals in the country.

The Manitowoc Company, Inc (MTW: chart) the cranes and handling equipment maker fell 7.1% or 49 cents to $6.36.

Pride International Drilling dropped 7.3% to $24.66 after it completed the spin-off of Seahawk Drilling, Inc that includes 20 jackup rigs located in the Gulf of Mexico.

Staples, Inc (SPLS: chart) added 0.6% or 14 cents to $22.33 after the office supply retailer reported second quarter sales rose 9% to $5.53 billion from $5.07 billion a year ago. Net income in the quarter fell 39% to $92.4 million or 13 cents per diluted share compared to net income of $150.2 million or 21 cents per share a year ago.

Vimicro International Corporation (VIMC: chart) surged 9.6% or 29 cents to $3.29 after the multimedia semiconductor and solution provider said second quarter revenues rose 19% to $18.7 million from $23.1 million a year ago. Net loss in the quarter was $8.2 million or 24 cents per ADS compared to net loss of $1.0 million or 3 cents per ADS a year ago.