FedEx (FDX) jumped 4.1% to $120.08 after the shipping giant announced a new share repurchase program of up to 32 million of its outstanding shares of common stock.
FLIR Systems (FLIR) plunged 13.8% to $28.59 after the imaging and sensor systems maker said that it plans to shut down up to six of the company's sites in the U.S. and Europe to help save more than $20 million a year amid expectations of a hit to third quarter results due to weakness in markets with exposure to the U.S. federal government. The company now expects 2013 revenue to fall in the range of $1.45 billion to $1.5 billion and adjusted net income to come in in the range of $1.38 to $1.43 a share versus the prior outlook of revenue of $1.5 billion to $1.6 billion and net income of $1.56 to $1.66 a share.
The benchmark 10-year Treasury was down 11/32, lifting the yield to 2.734%.
-- Written by Andrea Tse and Joe Deaux in New York