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Standard & Poor's Announces Changes to U.S. Indices
S&P 500 + MA - ACE Thur July 17
S&P 100 + MA - GM
S&P 600 + BABY - CSK Tues July 15

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Energy Stocks Rally on Crude's Rise
Freddie and Fannie in turmoil

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After Hours Summary
WYNN +15.5% (reports prelim Q2 results); LEH -0.6% (files Q2 10-Q, discloses Level 3 assets of ~$37.9 bln, compared to $38.9 bln at November 30, 2007)
Companies trading higher in after hours in reaction to earnings
 ITRA -19.5%; LWSN -5.7%... 
Companies trading higher in after hours in reaction to news: WYNN +15.5% (reports prelim Q2 results; sees Q2 Las Vegas property oper income lower YoY, sees Q2 Wynn Macau oper income higher); CRBC +8.2% (JGD Managment discloses 10.9% stake in 13G filing); DTPI +6.8% (raises Q1 EPS and revs guidance above consensus); MA +5.1% (MasterCard (MA) will replace ACE Ltd. (ACE) in the S&P 500); BABY +4.6% (S&P U.S. indices. General Motors will continue to be a member of the S&P 500); OSG +2.7% (Frontline amends 13D filing; will be in contact with Board); DECK +2.2% (announces joint venture for the UGG Brand in China); FNM +2.0% (OFHEO Director Lockhart issues statement on FNM and FRE; Govt Regulator says Fannie Mae, Freddie Mac are adequately capitalized - Reuters); ASYT +1.8% (announces that its Spartan Intgrated Sorter has won $15 million contract); UBET +1.6% (restate financial results for 2007 due to recalculation of accrual and related impairment charge for potential IRG earn-out payments)... 
Companies trading lower in reaction to news
 AMKR -10.1% (Lowers Q2 2008 sales guidance); WTNY -4.8% (preannounces credit quality results, expects to record a credit loss provision); SRCL -3.5% (Director bought 29,905 shares at $49.94 on 7/8); DSTI -1.6% (Clarification of Tuesday's filing); ELX -1.5% (lowers Q2 revs and EPS guidance); KVHI -1.6% (receives new $2 million fiber optic gyro order from Kongsberg Defence & Aerospace); ANGO -1.3% (initiates voluntary recall of its centros catheter); LEH -0.6% (files Q2 10-Q, discloses Level 3 assets of ~$37.9 bln, compared to $38.9 bln at November 30, 2007).

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