Standard & Poor’s 500 Index futures expiring in June were unchanged at 1,383.60.
Cree Inc. (CREE) slumped 6.6 percent to $29.79. The maker of energy-efficient lighting reported third-quarter earnings of 20 cents a share, missing the average analyst estimate by 1 cent.
CSX Corp. (CSX) rose 2.7 percent to $23.04. The biggest U.S. eastern railroad said first-quarter profit topped analysts’ estimates as freight shipments rose.
Intel Corp. (INTC US) fell 1.8 percent to $27.96. The world’s largest semiconductor maker predicted higher second- quarter sales than some analysts had estimated as it ships new personal-computer and server chips and shortages of hard drives abate.
International Business Machines Corp. (IBM) slid 2 percent to $203.29. The world’s biggest computer-services provider reported first-quarter revenue was $24.67 billion, falling short of the average analyst estimate of $24.79 billion.
Intuitive Surgical Inc. (ISRG) rallied 5.8 percent to $577.40. The maker of a robotic system to perform surgery reported first-quarter adjusted profit of $3.50 a share, surpassing the average analyst estimate of $3.12.
Stryker Corp. (SYK) advanced 1.1 percent to $55.50. The maker of artificial hips and knees reported first-quarter sales of $2.16 billion, topping the average analyst estimate of $2.12 billion.
United Rentals Inc. (URI) advanced 11 percent to $45.30. The construction-equipment rental company posted first-quarter revenue of $656 million, exceeding the average analyst estimate of $611.4 million.
Yahoo! Inc. (YHOO) climbed 2.6 percent to $15.40. The largest U.S. Web portal reported earnings and sales that exceeded estimates as it benefited from growth in the online advertising market under newly appointed Chief Executive Officer Scott Thompson.
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