Rising Oil Weighs Down Dow

On the upside

EMCORE (Nasdaq: EMKR) secured a contract valued at approximately $5 million to manufacture, test and deliver solar panels to NASA.

Yingli Green Energy (NYSE: YGE) expects shipments in the second quarter to surge 70% over the first quarter.

Mechel OAO (NYSE: MTL) reported a high production capacity utilizatin of over 94% for steel making and over 95% for metallurgical commodity products in the month of May.

On the downside

Capstone Turbine (Nasdaq: CPST) widened fourth quarter losses despite higher revenue as manufacturing expenses climbed.

Robert W. Baird downgraded Ashford Hospitality Trust (NYSE: AHT).

McMoRan Exploration (NYSE: MMR) offered 11 million shares of common stock to raise capital.

In the broad market, advancing issues barely edged out decliners by a slim margin on the NYSE while advancers outpaced decliners by 10 to 9 on Nasdaq. The Russell 2000 which tracks small cap stocks edged up a fraction to 511