The markets opened lower with the Dow losing 15 points to 17,657 after anti-austerity party Syriza won the general election in Greece. Nasdaq slipped 3 points to 4,754.

On the upside

Ocwen Financial (NYSE: OCN) will pay $2.5 million to settle a mortgage compliance dispute with the California Department of Business Oversight.

MeadWestvaco (NYSE: MWV) will merge with Rock-Tenn (NYSE: RKT) to form a $16 billion company.

Universal Display (Nasdaq: OLED) entered an OLED technology license agreement and supplemental material purchase agreement with LG Display (NYSE: LPL).

On the downside

Seagate Technology (Nasdaq: STX) reported higher second quarter earnings and revenue but revenue fell short of analyst expectations.

Shares of National Bank of Greece (NYSE: NBG) fell after anti-austerity party Syriza won the general election in Greece.

Brookdale Senior Living (NYSE: BKD) lowered its full year guidance.

In the broad market, declining issues outpaced advancers by a margin of nearly 2 to 1 on both the NYSE and on Nasdaq. The broader S&P 500 held steady at 2051. Bitcoin rose $11 to $261.

Mixed close over home sales data

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The markets closed mixed with the Dow plunging 141 points to 17,672 over disappointing home sales data. Nasdaq added 7 points to 4,757.

On the upside

The Food and Drug Administration approved Nevro's (NYSE: NVRO) Senza spinal cord stimulation system.

Bargain hunters lifted shares of Eagle Pharmaceuticals (Nasdaq: EGRX).

Otonomy (Nasdaq: OTIC) priced its follow-on pubic offering of 2.55 million common shares at $29.25 per share.

On the downside

Goldman Sachs cut its 2015 iron ore forecast sending shares of Cliffs Natural Resources (NYSE: CLF) tumbling.

Shares of Alpha Natural Resources (NYSE: ANR) fell after Standard & Poor's said that coal prices would remain depressed this year.

Shares of Alamos Gold (NYSE: AGI) extended its losses.

In the broad market, declining issues outpaced advancers by a margin of 5 to 4 on the NYSE and on Nasdaq. The broader S&P 500 dropped 11 points to 2051. Bitcoin added $3 to $232.

Mixed markets at midday

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The markets traded mixed during the midday with the Dow losing 41 points to 17,772 while Nasdaq rose 10 points to 4,760.

On the upside

Shares of Box (NYSE: BOX) surged in its market debut.

The Zillow (Nasdaq: Z) pro for Brokers program enrolled more than 5,000 partners nationwide.

Vitae Pharmaceuticals (Nasdaq: VTAE) priced its follow-on public offering of 3 million common shares at $11.90 per share.

On the downside

Cushing MLP Total Return Fund (NYSE: SRV) lowered its distribution and changed the frequency of the distribution.

Profit taking weighed down shares of Avon Products (NYSE: AVP).

BlueMountain Capital Management said that it shorted shares of Ocwen Financial (NYSE: OCN) .

In the broad market, declining issues barely edged out advancers by a slim margin on the NYSE and by nearly 5 to 4 on Nasdaq. The broader S&P 500 slipped 2 points to 2060. Bitcoin held steady at $229.

Mixed open on home sales data

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The markets opened mixed with the Dow falling 53 points to 17,760 as December existing home sales rose but total sales for 2014 fell. Nasdaq added 2 points to 4,753.

On the upside

Array BioPharma (Nasdaq: ARRY) will acquire the worldwide rights to encorafenib from Novartis.

Infinera (Nasdaq: INFN) swung to a better than expected profit for the fourth quarter as revenue rose.

SFX Entertainment (Nasdaq: SFXE) and Viggle (Nasdaq: VGGL) agreed to combine their sales team for three years.

On the downside

Profit taking weighed down shares of FXCM (NYSE: FXCM).

LeapFrog (NYSE: LF) warned of losses for the third quarter as revenue fell far short of expectations prompting a downgrade.

United Parcel Service (NYSE: UPS) reported preliminary fourth quarter earnings that missed its previous guidance.

In the broad market, declining issues outpaced advancers by a margin of more than 9 to 7 on the NYSE and by nearly 9 to 7 on Nasdaq. The broader S&P 500 lost 4 points to 2058. Bitcoin added $1 to $230.
The European Central Bank's 60 billion euro per month bond buying program sent the markets soaring to a sharply higher close with the Dow rocketing 259 points to 17,813. Nasdaq leaped 82 points to 4,750.

On the upside

Shares of Bank of America (NYSE: BAC) continued climbing after Bloomberg reported yesterday that bank would spend more than $400 million on cybersecurity in 2015.

Curis (Nasdaq: CRIS) announced yesterday that it entered an exclusive collaboration agreement with Aurigene Discovery Technologies.

Dealreporter reported that Avon Products (NYSE: AVP) was in discussions with TPG Capital for a possible deal.

On the downside

Xilinx (Nasdaq: XLNX) reported lower third quarter earnings as revenue fell short of expectations and the company forecast fourth quarter revenue below estimates prompting a downgrade.

Stifel Nicolaus downgraded Magnum Hunter Resources (NYSE: MHR) from a Buy rating to a Hold rating.

Shares of Verastem (Nasdaq: VSTM) extended its losses.

In the broad market, advancing issues outpaced decliners by a margin of 7 to 2 on the NYSE and by more than 5 to 2 on Nasdaq. The broader S&P 500 leaped 31 points to 2063. Bitcoin added $4 to $230.
The markets advanced during the midday with the Dow soaring 121 points to 17,675 as investors welcomed the European Central Bank's plan to buy 60 billion euros in bonds every month until September 2016. Nasdaq climbed 34 points to 4,702.

On the upside

The Financial Post reported that Samsung has engaged in possible acquisition discussions with BlackBerry (Nasdaq: BBRY).

eBay (Nasdaq: EBAY) reported higher fourth quarter earnings and revenue and announced plans to eliminate 2,400 jobs.

Fourth quarter earnings and revenue rose for Janus Capital Group (NYSE: JNS) to beat analyst expectations.

On the downside

Falling crude oil prices weighed down shares of EV Energy Partners (Nasdaq: EVEP).

Discover Financial Services (NYSE: DFS) disappointed with lower fourth quarter earnings and revenue that fell short of expectations.

First quarter earnings slipped for Dolby Laboratories (NYSE: DLB) and the company forecast current quarter earnings below estimates.

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 2 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 climbed 12 points to 2044. Bitcoin added $6 to $232.
The European Central Bank announced a 60 billion euro per month bond buying program to strengthen the ailing European economy. The markets opened higher with the Dow climbing 52 points to 17,606. Nasdaq gained 17 points to 4,685.

On the upside

Royal Bank of Canada will pay approximately $5.4 billion in cash and stock to acquire City National (NYSE: CYN).

FXCM (NYSE: FXCM) increased margin requirements for gold and currency accounts.

Fourth quarter earnings fell for Southwest Airlines (NYSE: LUV) but the results were better than expected and the airliner expects fuel expenses to drop further in the current quarter.

On the downside

Lands' End (Nasdaq: LE) warned of lower fourth quarter earnings and revenue.

F5 Networks (Nasdaq: FFIV) reported higher first quarter earnings but revenue fell short of expectations and the company forecast current quarter results below analyst estimates.

Fairchild Semiconductor (Nasdaq: FCS) fell to a greater than expected loss for the fourth quarter on lower revenue.

In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 4 on the NYSE and while decliners edged out advancers by 9 to 7 on Nasdaq. The broader S&P 500 gained 8 points to 2040. Bitcoin added $4 to $230.

ECB stimulus hopes lift markets

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Expectations that the European Central Bank would announce a new stimulus plan tomorrow lifted the markets to a higher close with the Dow gaining 39 points to 17,554. Nasdaq rose 12 points to 4,667.

On the upside

Advanced Micro Devices (Nasdaq: AMD) fell to a loss for the fourth quarter but the stock price rose.

Bloomberg reported that Google (Nasdaq: GOOG) planned to sell mobile phone service that use Sprint's (NYSE: S) and T-Mobile's (NYSE: TMUS) wireless networks.

SiriusXM (Nasdaq: SIRI) will offer full coverage of the 2015 Honda NHL All-Star Weekend games.

On the downside

A California court ruled against Acacia Research (Nasdaq: ACTG) in a patent infringement suit.

Profit taking sank shares of Frontline (NYSE: FRO).

Intrexon (NYSE: XON) will offer up to $150 million worth of its common stock.

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on the NYSE and while decliners edged out advancers by more than 7 to 5 on Nasdaq. The broader S&P 500 gained 9 points to 2032. Bitcoin climbed $11 to $221.

Markets flat at midday

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The markets traded flat during the midday with the Dow easing a fraction to 17,514. Nasdaq added a point to 4,656.

On the upside

Bargain hunters lifted shares of Altisource Portfolio Solutions (Nasdaq: ASPS).

Shares of ChinaNet Online Holdings (Nasdaq: CNET) extended its gains.

CapRock Research initiated coverage of Nxt-ID (Nasdaq: NXTD) with a Buy rating and a near term price target of $4.80.

On the downside

Shares of Advaxis (Nasdaq: ADXS) extended its losses.

Oculus Innovative Sciences (Nasdaq: OCLS) priced its public offering of 6.25 million common shares at the discounted price of $1.00 per share.

MFC Industrial (NYSE: MIL) announced that it was unaware of any developments that caused a drop in its stock price but shares of the company  continued falling.

In the broad market, advancing issues outpaced decliners by a margin of nearly 3 to 2 on the NYSE and while decliners edged out advancers by more than 9 to 7 on Nasdaq. The broader S&P 500 rose 5 points to 2028. Bitcoin gained $5 to $215.
The markets markets opened lower with the Dow losing 33 points to 17,481 even as reports circulated that the European Central Bank would purchase approximately 50 billion euros in bonds per month. Nasdaq slipped 4 points to 4,650.

On the upside

The Henan Pingdingshan Shilong District Science and Technology Bureau approved SinoCoking's (Nasdaq: SCOK) Underground Coal Gasification program as a Technology Demonstration project.

Netflix (Nasdaq: NFLX) reported higher fourth quarter earnings and revenue along with strong subscriber growth.

Bargain hunters lifted shares of FXCM (NYSE: FXCM).

On the downside

Eldorado Gold (Nasdaq: EGO) reported record gold production in 2014 but forecast sharply lower production for 2015.

Arena Pharmaceuticals (Nasdaq: ARNA) sold 21 million shares of common stock to Jefferies and Piper Jaffray.

Whiting USA Trust I (NYSE: WHX) expects the net profits interest termination date to be January 31, 2015.

In the broad market, declining issues outpaced advancers by a margin of nearly 9 to 7 to 2 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 added 3 points to 2026. Bitcoin held steady at $209.

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