Missing Estimates
Ralph Lauren Corp. sank 3.3 percent to $147.94. The retailer of its namesake brand clothing projected second-quarter sales that trailed analysts' estimates.
Warner Chilcott Plc fell 7.9 percent to $16.36. The drugmaker specializing in women's health and dermatology said it has ended efforts to find a buyer for the company.
Hewlett-Packard rallied 2.6 percent to $19.45. Profit excluding some items in the current period will be $1, up from a prior projection of 94 cents to 97 cents, the Palo Alto, California-based company said today in a statement.
Dean Foods Co. jumped 34 percent, the most in the S&P 500, to $16.70. Its WhiteWave unit, the maker of Silk almond milk, filed to raise $300 million in a U.S. initial public offering.
Macy's Inc. rose 3.4 percent to $38.26. The owner of its namesake and Bloomingdale's department stores reported second- quarter profit that beat estimates, helped by its credit cards.
Company Turnaround
Computer Sciences Corp. gained 14 percent to $29.08. The technology contractor for government and corporate customers reported profit and revenue that topped estimates as its new chief executive officer works on turning the company around.
Express Scripts Holding Co. added 6.6 percent to $59.72. The largest U.S. processor of drug prescriptions raised its annual profit forecast as gross margins improved following its April acquisition of Medco Health Solutions Inc.
The S&P 500 is in a "make-or-break situation" that will probably lead to either large gains or losses for the benchmark U.S. stocks gauge, according to technical analysts at UBS AG.