Bad Day Turns Worse

In the wake of Goldcorp's results, as well recovering gold futures, peers Barrick Gold (ABX Quote), Kinross Gold (KGC Quote), and Newmont Mining (NEM Quote) climbed between 2% and 4%.

Gold settled the day up $16.10 at $874.10 an ounce.

Entertainment company Marvel Enterprises (MVL Quote) ramped up 9.4% after sailing past first-quarter analyst targets and lifting its full-year guidance. Marvel also announced that its Iron Man movie took the top spot in its opening weekend, raking in $100.75 million in domestic box-office receipts.

In the red was poultry concern Pilgrim's Pride (PPC Quote), which lost $111.4 million last quarter as it suffered from ballooning feed costs that CEO Clint Rivers blames squarely on "the federal government's deeply flawed ethanol policy." Pilgrim's Pride said its costs for corn and soybean meal have surged $200 million from last year. Shares gave up 0.8%.

Elsewhere, Apple (AAPL Quote) added 2.1% on an upgrade to buy at AmTech Research. In more analyst calls, Stifel Nicolaus brought Google's (GOOG Quote) price target up $65 to $675, after which the search giant's shares climbed 2.3%.

Lehman Brothers shaved down Nortel's (NT Quote) price target, pressuring the stock by 2.2%, but lifted its price targets on mining-equipment makers Joy Global (JOYG Quote) and Bucyrus International (BUCY Quote). Shares advanced 2.2% and 3.8%, respectively.

On the data side, the Institute for Supply Management said its April nonmanufacturing index came in at 52, indicating expansion -- albeit slight -- for the first time in four months. Improved employment, among other things, buoyed the reading, which has a break-even point of 50. Economists were projecting slight contraction to 49.1.