Universal Display fell sharply and bounced following Apple's CEO comments regarding OLED displays saying that "the color saturation is awful."
Boyd Gaming was slightly lower following a downgrade from Goldman Sachs to "sell" from "neutral" on price target of $5.50 a share. The gaming sector has been hot as investors bet that New Jersey could legalize online gambling.
Qualcomm was lower after a downgrade from JPMorgan to "neutral" from "overweight," while the price target remained at $70 a share. JPMorgan cut its rating on the chipmaker saying that smartphone purchases for first-time users are peaking and will start to decline next year.
Reynolds American traded lower after reporting fourth-quarter profits that fell on higher charges and lower cigarette volume.
And Avon Products was higher after reporting better-than-expected fourth-quarter earnings on $3 billion in revenue. The CFO of the troubled beauty products company said investors should not expect a "linear" turnaround.
—By CNBC's Lori Spechler
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