2:00 PM New York – RadioShack Corporation led gainers in the S&P 500 index with a rise of 12.9% after it began the selling of iPhones at select stores. Las Vegas Sands advanced after it arranged bank commitment of $1.45 billion for Macau casino. Wynn Resorts gained on $4 special dividend. East West Bank surged 51% on an FDIC assisted acquisition.

Of the stocks in S&P 500 index, 463 increased, 33 declined and 4 were unchanged.

Lexmark International, Inc led the decliners in the S&P 500 index with a loss of 4.1% followed by losses in VeriSign, Inc of 3.4%, in Tesoro Corporation of 2.8%, in Windstream Corporation of 2.1% and in Apollo Group, Inc of 2.0%.

RadioShack Corporation led gainers in the S&P 500 index with a rise of 12.9% followed by gains in Abercrombie & Fitch Co 7.1%, in Wynn Resorts, Limited of 7.0% and in Micron Technology, Inc of 5.2%.

Other Movers

Altria Group, Inc (MO) the cigarettes maker gained 1.2% or 24 cents to $18.78.

ArcelorMittal (MT) added 4.7% or $1.68 to $36.77 after the steelmaker was upgraded to “buy” from “neutral” at MF Global Ltd.

ATA Inc (ATAI) closed unchanged at $6.48 after the provider of computer-based testing services reported second quarter revenues fell 19.5%.

Ariad Pharmaceuticals, Inc (ARIA) surged 10.0% or 22 cents to $2.39 after the drug maker was upgraded to “overweight” from “neutral” by JPMorgan Chase & Co.

AVI BioPharma, Inc (AVII) declined 2.7% or 4 cents to $1.40 after it reported third quarter revenues rose 21% to $6.3 million from $5.2 million a year ago. Net loss in the quarter was $8.1 million or 8 cents per diluted share compared to net loss of $6.0 million or 8 cents per share a year ago.

Builders FirstSource, Inc (BLDR) the supplier and manufacturer of structural and related building products for residential new construction climbed 3.2% or 13 cents to $4.19.

Cadbury plc (CBY) added 0.5% or 27 cents to $50.77 after the confectionery company rejected the unsolicited offer by Kraft Foods Inc. of 300 pence and 0.2589 Kraft shares per Cadbury share, implying a value for each Cadbury share of 717 pence (based on the closing price of $26.78 for a Kraft.

Cardinal Health, Inc (CAH) the drug distributor rose 1.2% or 36 cents to $29.86.

Chindex International, Inc (CHDX) plunged 21% or $3.41 to $12.80 after the provider of healthcare services reported second quarter revenues flat at $38.1 million from $38.1 million a year ago. Net income in the quarter fell 37.6% to $538,000 or 3 cents per diluted share compared to net income of $862,000 or 5 cents per share a year ago.

DISH Network Corporation (DISH) added 6.0% or $1.15 to $20.30 after the satellite TV provider reported third quarter revenues fell 1.7% to $2.89 billion from $2.94 billion a year ago. Net income in the quarter fell 12.4% to $80.6 million or 18 cents per diluted share compared to net income of $92 million or 20 cents per share a year ago.

Dynex Capital, Inc (DX) added 2.5% or 20 cents to $8.12 after the finance company reported third quarter net interest income rose 136% to $6.6 million from $2.8 million a year ago. Net income in the quarter rose 150% to $5 million or 34 cents per diluted share compared to net income of $2 million or 17 cents per share a year ago.

East West Bancorp (EWBC) surged 50.3% or $4.35 to $13 after it agreed to acquire San Francisco based failed lender United Commercial Bank in FDIC assisted transaction. Prior to the acquisition East West Bank had $19 billion in assets that will increase by $11 billion after the acquisition.

Hawk Corporation (HWK) closed unchanged at $14.61 after the supplier of friction products for industrial applications reported third quarter sales fell 41.4% to $43.5 million from $74.2 million a year ago. Net income in the quarter fell 63% to $3.8 million or 45 cents per diluted share compared to net income of $10.3 million or $1.09 per share a year ago.

Houston Wire & Cable Company (HWCC) advanced 2.2% or 26 cents to $12.23 after the distributor of specialty wire and cable reported third quarter sales fell 35.7% to $63.6 million from $98.9 million a year ago. Net income in the quarter fell 66.7% to $2.2 million or 13 cents per diluted share compared to net income of $6.6 million or 37 cents per share a year ago.

Las Vegas Sands Corp (LVS) increased 8.2% or $1.27 to $16.63 after it said that the bank commitment of $1.45 billion have been arranged to restarted Macau, China based casino project.

PMFG, Inc (PMFG) slipped 0.5% or 7 cents to $13.87 after the provider of custom-engineered systems and products reported first quarter revenues fell 28.3% to $31.3 million from $43.7 million a year ago. Net loss in the quarter was $2.1 million or 16 cents per diluted share compared to net loss of $0.7 million or 5 cents per share a year ago.