Late Market Roundup (TOL, DAL, HPQ, CSCO, DELL, CAL, LCC, ALK, JBLU, LUV)

Joel Rassman, Chief Financial Officer (CFO) of Toll Brothers Inc

, passed away early Tuesday. Rassman had been the CFO of the company since 1984. He had served as a member of the board since 1996. Executive Chairman Robert Toll said, "As we announced in December of 2008, he faced serious illness. He struggled mightily and was a model of determination for all of us. He personally planned for the next generation of financial leaders of the company." Shares of Delta Air Lines

rose about 6.01% after the company said it expects a rise of more than 15% in the unit revenue for the third quarter. As per a federal filing, the company projects its operating margin within the range of 12% to 13%. US Tech stocks moved higher, with Hewlett-Packard Co

and Cisco Systems Inc

as the top gainers in the list. Shares of CSCO gained about 3.01% after the company’s Chief Executive John Chambers announced detailed plans to start a dividend in the year 2011. Shares of HPQ rose about 3.74%, while Dell Inc

moved up about 0.9%. Airline stocks moved up today. The top gainers in the list were Continental Airlines

, US Airways

and Alaska Air

, JetBlue Airways

and Southwest Airlines

. The NYSE Arca Airline Index (XAL) rose about 2.01%. Read more