Here’s what’s hot in the market today: RiT Technologies and DST Systems were big winners in the IT sector, seeing jumps in share price after announcing new projects. Glass manufacturer Owens-Illinois took a hit and Scotts Miracle-Gro wilted due to low consumer spending.

Scotts Miracle-Gro (NYSE: SMG) fell more than 5% to just below $50 on more than 2 million shares. The company announced fiscal 2001 earnings expectations of between $3.10 and $3.20 EPS, in line with fiscal 2010. It also said that “unfavorable weather” was limiting consumer spending on its products.

RiT Technologies (NASDAQ: RITT) was up 31% on nearly 2 million shares.  IT firm got good news when Samsung Fiber Optics announced it would distribute RiT PatchView, an infrastructure management system that will be used first in a Korean convention center. Shares were trading near $11.50 midday.

Universal Stainless (NASDAQ: USAP) was up almost 5% to trade about $32.  The company announced on Tuesday after market close that it had signed an agreement to acquire Patriot Special Metals’ assets for about $105 million.

Owens-Illinois (NYSE: OI), the glass bottle manufacturer, fell more than 10% on nearly 5 million shares. The company issued a warning that high manufacturing costs and poor market conditions in Australia and New Zealand would have a negative impact on its second quarter earnings. Shares were trading above $26 as of this writing.

DST Systems (NYSE: DST) was up almost 14% to top $54 on nearly six times typical trading. The IT company specializing in financial services announced Tuesday DST WalletShare, an analytics tool for investment managers.

As of this writing, Anthony John Agnello did not own a position in any of the stocks named here. Follow him on Twitter at @ajohnagnello and become a fan of InvestorPlace on Facebook.