Concerns Of Stalled Recovery Weighs Down Dow

On the upside

Wyndham Worldwide (NYSE: WYN) affirmed its outlook for the second quarter as well as the full year.

Barclays Capital analyst Brian Johnson upgraded ArvinMeritor (NYSE: ARM) saying that earnings will rebound in 2011.

Merchant service provider Central Payment will market Hypercom's (NYSE: HYC) high security T4205  transaction terminal.

Cell Therapeutics (NYSE: CTIC) was listed among the top ten stock searches at TheStreet.com.

On the downside

PAETEC (Nasdaq: PAET) will raise $350 million through a private offering of senior secured notes.

Shares of Research in Motion (Nasdaq: RIMM) continued falling after the BlackBerry maker forecast disappointing second quarter as well as full year results.

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on the NYSE and by a margin of more than 7 to 5 on Nasdaq. The Russell 2000 which tracks small cap stocks added 3 points to 512.