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Dell, IBM Buck Downtrend

Dell and IBM rose on positive analyst comments Monday, but the broader market fell on bankruptcy and earnings worries.

IBM climbed about 1% after Citigroup upgraded the stock from hold to buy on expectations of strong server and service sales. IBM reports third-quarter earnings on Oct. 17.

Dell was upgraded to strong buy by Needham, which said the sell-off in the company's stock that followed disappointing second-quarter sales was overdone. Dell won't report its third-quarter results until Nov. 10.

Earnings season will kick off Tuesday night with results from Apple and AMD , and then swing into high gear next week.

The broader market declined on warnings from the likes of Xilinx and Unisys and a bankruptcy filing by auto supplier Delphi .

The Nasdaq fell 11 to 2078, the S&P 500 lost 8 to 1187, and the Dow fell 53 to 10,238. Volume rose to 2.2 billion shares on the NYSE, but declined to 1.42 billion on the Nasdaq. Decliners led 23-9 on the NYSE, and 19-10 on the Nasdaq. Downside volume was 81% on the NYSE, and 68% on the Nasdaq. New highs-new lows were 34-160 on the NYSE, and 44-100 on the Nasdaq.

eBay climbed 1.4% after Citigroup analyst Mark Mahaney said he expects better than expected numbers when the company reports quarterly results Oct. 19.

Aladdin Knowledge Systems fell 14% on a warning.

Ariba jumped 11% on an RBC Capital upgrade.