December 2013 Archives

The final trading day of 2013 closed at a record high for the Dow with the blue chip index climbing 72 points to 16,576. Nasdaq gained 22 points to 4176. 

On the upside 

Immunomedics (Nasdaq: IMMU) received a patent for conjugating SN-38.

A Seeking Alpha contributor wrote that CytRx (Nasdaq: CYTR) was poised to climb.

Zacks noted that Hecla Mining (NYSE: HL) would be a great investment.


On the downside


Investors locked in profits on Biolase (Nasdaq: BIOL). 

Profit taking weighed down shares of Corporate Office Properties Trust (NYSE: OFC).

Investors locked in profits on Amyris (Nasdaq: AMRS).

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on the NYSE and by more than 9 to 7 on Nasdaq. The broader S&P 500 gained 7 points to 1848.

The markets advanced during the midday with the Dow rising 42 points to 16,547 as consumer confidence climbed more than expected. Nasdaq gained 17 points to 4171. 

On the upside 

AxoGen (Nasdaq: AXGN) Avance Nerve Graft recipient Navy Corpsman Edward Bonfiglio will ride on Donate Life's 2014 Rose Parade float on New Year's Day.

Bargain hunters lifted shares of WPCS International (Nasdaq: WPCS).

Shares of China Finance Online (Nasdaq: JRJC) rose ahead of its earnings release on January 2, 2014.


On the downside


Uni-Pixel (Nasdaq: UNXL) named chair Bernard Marren and director Carl Yankowski as interim co-president and co-chief executive to replace departing president and chief executive Reed Killion. 

The Food and Drug Administration issued a warning letter to Star Scientific (Nasdaq: STSI) regarding two products that contain anatabine.

Wedge Partners noted that Ctrip.com International (NYSE: CTRP) has increased its investment in car rentals.

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on the NYSE and by nearly 5 to 3 on Nasdaq. The broader S&P 500 rose 4 points to 1845.

The markets opened higher with the Dow gaining 32 points to 16,536 on the final trading day of 2013. Nasdaq rose 8 points to 4163. 

On the upside 

Shares of NQ Mobile (NYSE: NQ) continued rising.

Bargain hunters snapped up shares of Twitter (NYSE: TWTR).

Hertz Global (NYSE: HTZ) adopted a shareholder rights plan.


On the downside


Gyrodyne Company of America (Nasdaq: GYRO) paid a special cash dividend yesterday and will pay a dividend in the form of notes on January 31, 2014 to shareholders of record December 31, 2013. 

Investors locked in profits on Kandi Technologies (Nasdaq: KNDI).

A Seeking Alpha contributor recommended that investors sell Alcatel-Lucent (NYSE: ALU).

In the broad market, advancing issues outpaced decliners by a margin of more than 2 to 1 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 added 3 points to 1844.

Flat Close On Quiet Trading Day

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A quiet trading day ended flat with the Dow rising 25 points to 16,504. Nasdaq eased 2 points to 4154. 

On the upside 

Trina Solar (NYSE: TSL) will build a 1-gigawatt solar power plant in Xinjiang, China. The development deal also lifted shares of rival Yingli Green Energy (NYSE: YGE).

Cooper Tire & Rubber (NYSE: CTB) terminated an agreement to sell the company to Apollo Tyres.

The death of Kronos Worldwide (NYSE: KRO) chair Harold C. Simmons sparked speculation that the company would be acquired.


On the downside


Falling gold prices weighed down share of Iamgold (NYSE: IAG), Eldorado Gold (NYSE: EGO) and Goldcorp (NYSE: GG). 

Zacks noted that Pandora Media's (NYSE: P) mobile advertising revenue is expected to drop.

Profit taking weighed down shares of Coronado Biosciences (Nasdaq: CNDO).

In the broad market, declining issues outpaced advancers by a margin of nearly 10 to 9 on both the NYSE and on Nasdaq. The broader S&P 500 held steady at 1841. Bitcoin held steady at $792.10.

Markets Flat At Midday

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The markets traded flat during the midday with the Dow adding 2 points to 16,480 on a slow day. Nasdaq slipped 4 points to 4152. 

On the upside 

Morgan Stanley has acquired a 5.2% stake in NQ Mobile (NYSE: NQ).

TheStreet listed InvenSense (NYSE: INVN) as one of four stocks poised to breakout.

Real Goods Solar (Nasdaq: RSOL) partnered with Green Lantern Capital to jointly develop 4.5 megawatts of solar projects in Vermont.


On the downside


FreeSeas (Nasdaq: FREE) will close the final tranche of a $10 million investment. 

A Seeking Alpha contributor recommended that investors lock in some profits on DryShips (NYSE: DRYS).

Wall Street Cheat Sheet noted that Dendreon (Nasdaq: DNDN) has lost much of its value and warned investors to be cautious of biotechnology firms.

In the broad market, declining issues outpaced advancers by a margin of nearly 10 to 9 on the NYSE while advancers barely edged out decliners on Nasdaq. The broader S&P 500 lost 2 points to 1839. Bitcoin held steady at $792.10.

Mixed Open As 2013 Nears End

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The markets opened mixed with the Dow rising 7 points to 16,485 while Nasdaq slipped 8 points to 4147 on the second to the last trading day of the year. 

On the upside 

The Health Canada-Medical Device Bureau granted a license to Biolase (Nasdaq: BIOL) to sell its EPIC dental soft-tissue diode laser systems in Canada.

Blackstone Group will purchase $200 million in Crocs (Nasdaq: CROX) convertible preferred stock and Crocs will buy back $350 million worth of stock.

Kandi Technologies Group (Nasdaq: KNDI) will make 100,000 electric vehicles available for hourly rental in Hangzhou, China.


On the downside


The Centers for Medicines & Medicaid Services will cut reimbursement rates for Myriad Genetics' (Nasdaq: MYGN) BRCA genetic tests prompting downgrades. 

Shares of Twitter (NYSE: TWTR) continued falling after a downgrade last week.

CohnReznick resigned as the independent accounting firm for WPCS International (Nasdaq: WPCS).

In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 4 on the NYSE and by 9 to 7 on Nasdaq. The broader S&P 500 slipped a point to 1839. Bitcoin held steady at $792.10.

Lower Close On Quiet Trading Day

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The markets closed lower with the Dow easing a point to 16,478 on a quiet trading day. Nasdaq lost 10 points to 4156. 

On the upside 

Kandi Technologies Group (Nasdaq: KNDI) climbed after saying earlier this week that sales of electric vehicles are expected to accelerate.

Shares of Amyris (Nasdaq: AMRS) continued rising after announcing a $28 million private placement earlier this week.

Barclays analysts Eric Slover and Barry Knapp said that Walter Energy (NYSE: WLT) could outperform in 2014.


On the downside


Investors locked in profits on NewLead Holdings (Nasdaq: NEWL). 

TheStreet noted that Pandora Media (NYSE: P) was one of five stocks weighing down the services sector.

Rising crude oil prices weighed down shares of United Continental (NYSE: UAL).

In the broad market, declining issues outpaced advancers by a margin of nearly 10 to 9 on both the NYSE and on Nasdaq. The broader S&P 500 eased a fraction to 1841. Bitcoin soared $107.20 or 15.65% to $792.10.

Markets Turn Negative

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The markets turned negative during the midday with the Dow slipping 7 points to 16,472. Nasdaq fell 10 points to 4156. 

On the upside 

Shares of InterCloud Systems (Nasdaq: ICLD) continued rising.

Speculation swirled that Sprint (NYSE: S) would merge with T-Mobile (NYSE: TMUS).

Zacks Equity Research recommended Cliffs Natural Resources (NYSE: CLF) as a good stock pick.


On the downside


Profit taking weighed down shares of Infosonics (Nasdaq: IFON). 

Citron Research accused Textura (NYSE: TXTR) of fraud.

Plug Power (Nasdaq: PLUG) extended its losses.

In the broad market, declining issues outpaced advancers by a margin of 4 to 3 on both the NYSE and on Nasdaq. The broader S&P 500 eased a point to 1840.

Higher Open As Treasury Yield Rises

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Investors welcomed an increase in the 10-year Treasury yield as a sign of a strengthening economy. The markets opened higher with the Dow rising 24 points to 16,504 while Nasdaq added 2 points to 4169. 

On the upside 

WPCS International (Nasdaq: WPCS) subsidiary BTX Trader released a beta version of its Bitcoin trading platform.

Shares of FreeSeas (Nasdaq: FREE) extended its gains.

A Seeking Alpha contributor identified Molycorp (NYSE: MCP) as a top $5 "January Effect" stock pick.


On the downside


Investors locked in profits on Ariad Pharmaceuticals (Nasdaq: ARIA). 

Macquarie Securities analyst Ben Schacter downgraded Twitter (NYSE: TWTR) from a Neutral rating to an Underperform rating.

Profit taking weighed down shares of Coronado Biosciences (Nasdaq: CNDO).

In the broad market, advancing issues were on par with decliners on the NYSE while advancers outpaced decliners by nearly 5 to 4 on Nasdaq. The broader S&P 500 added 2 points to 1844.

Drop In Jobless Claims Lift Markets

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Falling jobless claims sent the markets soaring to a sharply higher close with the Dow surging 122 points to 16,479. Nasdaq rose 11 points to 4167. 

On the upside 

TheStreet listed Coronado Biosciences (Nasdaq: CNDO) as one of five biopharmaceutical stocks under $10 that was poised to rise.

A rally of dry bulk shippers lifted shares of Eagle Bulk Shipping (Nasdaq: EGLE) and Genco Shipping (NYSE: GNK).

Wall Street Cheat Sheet wrote that Idera Pharmaceuticals (Nasdaq: IDRA) would continue soaring in 2014.


On the downside


B. Riley downgraded Glu Mobile (Nasdaq: GLUU) from a Buy rating to a Neutral rating on Tuesday. 

A Seeking Alpha contributor wrote that Miller Resources (Nasdaq: MILL) was overvalued and produces very little oil.

Investors locked in profits on Quicksilver Resources (Nasdaq: KWK).

In the broad market, advancing issues outpaced decliners by a margin of 10 to 9 on the NYSE and by nearly 10 to 9 on Nasdaq. The broader S&P 500 gained 8 points to 1842. Bitcoin held steady at $684.90.

Markets Extend Gains At Midday

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The markets extended its gains during the midday with the Dow soaring 106 points to 16,463 as jobless claims dropped. Nasdaq rose 11 points to 4167. 

On the upside 

Shares of Twitter (NYSE: TWTR) continued rising.

FreeSeas (Nasdaq: FREE) extended its gains after regaining Nasdaq listing compliance last week.

InfoSonics (Nasdaq: SPCB) must appeal its Nasdaq delisting notice today.


On the downside


BlackBerry (Nasdaq: BBRY) co-founder Michael Lazaridis sold approximately $26.5 million worth of company stock. 

Investors locked in profits on Textura (NYSE: TXTR).

Profit taking weighed down shares of Supernus Pharmaceuticals (Nasdaq: SUPN).

In the broad market, advancing issues outpaced decliners by a margin of more than 10 to 9 on the NYSE and by nearly 5 to 4 on Nasdaq. The broader S&P 500 rose 7 points to 1840. Bitcoin held steady at $684.90.

Higher Open On Lower Jobless Claims

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A drop in first time applications for unemployment benefits lifted the markets to a higher open with the Dow gaining 65 points to 16,422. Nasdaq rose 11 points to 4167. 

On the upside 

Shares of DryShips (Nasdaq: DRYS) continued rising after taking delivery of a newbuilding drillship on Monday.

Bargain hunters lifted shares of 3D Systems (NYSE: DDD).

SuperCom (Nasdaq: SPCB) completed the acquisition of Smart ID from On Track Innovations (Nasdaq: OTIV).


On the downside


Oramed Pharmaceuticals (Nasdaq: ORMP) will sell 1.58 million common shares through a registered direct offering. 

Goodrich Petroleum (NYSE: GDP) successfully fracture stimulated its Huff 18-7H-1 well in Amite County, Mississippi but the stock price fell.

Western Asset Mortgage Capital (NYSE: WMC) began trading ex-dividend today.

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on the NYSE and by more than 2 to 1 on Nasdaq. The broader S&P 500 added 5 points to 1838. Bitcoin held steady at $684.90.

U. S. Markets Closed

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U. S. markets are closed for Christmas.

Markets Advance On Christmas Eve

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The markets closed higher on a shortened Christmas Eve trading day with the Dow climbing 62 points to 16,357. Nasdaq gained 6 points to 4155. 

On the upside 

Shares of Oramed Pharmaceuticals (Nasdaq: ORMP) continued rising after reporting upbeat trial results last Friday.

Bargain hunters lifted shares of CytRx (Nasdaq: CYTR).

Atossa Genetics (Nasdaq: ATOS) submitted a Premarket 501(k) Notification with the Food and Drug Administration for its ForeCYTE Breast Aspirator.


On the downside


The Federal Home Loan Bank of Des Moines approved the membership application for Two Harbors Investment's (NYSE: TWO) subsidiary TH Insurance Holdings but the stock price fell. 

Activist investor Bill Ackman wrote another letter accusing Herbalife (NYSE: HLF) of being a pyramid scheme.

Investors locked in profits on YRC Worldwide (Nasdaq: YRCW).

In the broad market, advancing issues outpaced decliners by a margin of nearly 2 to 1 on the NYSE and by nearly 5 to 3 on Nasdaq. The broader S&P 500 rose 5 points to 1833. Bitcoin added $12.20 or 1.76% to $704.00.

Santa Claus Rally Lifts Markets

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The Santa Claus rally lifted the markets to a higher open with the Dow climbing 33 points to 16,327 even as retail sales dropped in the final week of shopping before Christmas. Nasdaq added 2 points to 4151. 

On the upside 

The Food and Drug Administration approved the pulmonary arterial hypertension treatment Orenitram that Supernus Pharmaceuticals (Nasdaq: SUPN) developed with United Therapeutics (Nasdaq: UTHR).

The National Highway Traffic Safety Administration reaffirmed the 5-star rating for Tesla's (Nasdaq: TSLA) Model S sedan for 2014.

DryShips (Nasdaq: DRYS) announced yesterday that its subsidiary Ocean Rig took delivery of its sixth newbuilding drillship.


On the downside


CalAmp (Nasdaq: CAMP) reported flat third quarter earnings and forecast current quarter results below expectations prompting a downgrade. 

Canaccord lifted its price target on 3D Systems (NYSE: DDD) from $85 to $95 but the stock price dropped.

B. Riley downgraded Glu Mobile (Nasdaq: GLUU) from a Buy rating to a Neutral rating.

In the broad market, advancing issues outpaced decliners by a margin of more than 7 to 5 on the NYSE and by more than 9 to 7 on Nasdaq. The broader S&P 500 added 2 points to 1830. Bitcoin eased $1.68 or 0.24% to $690.12.

Personal spending gained a strong 0.5% in November to lift the markets to a higher close with the Dow climbing 73 points to set a new record of 16,294. Nasdaq soared 44 points to 4148. 

On the upside 

Regency Energy Partners (NYSE: RGP) will pay approximately $1.3 billion to purchase the midstream business from Eagle Rock Energy Partners (Nasdaq: EROC).

Twitter (NYSE: TWTR) co-founder and chair Jack Dorsey joined Walt Disney's (NYSE: DIS) board of directors.

Citigroup upgraded KB Home (NYSE: KBH) from a Sell rating to a Neutral rating.


On the downside


Investors locked in profits on Yingli Green Energy (NYSE: YGE). 

The Canadian Standards Association granted ISO/IEC 17025:2005 certification to ReneSola (NYSE: SOL) for its Jiangsu Product Center Laboratory but the stock price slipped.

Shares of CytRx (Nasdaq: CYTR) continued falling.

In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 2 on the NYSE and by more than 5 to 2 on Nasdaq. The broader S&P 500 climbed 9 points to 1827. Bitcoin rose $39.20 or 6.00% to $692.00.

Markets Advance On Upbeat IMF View

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An upbeat assessment of the nation's economy by International Monetary Fund Managing Director Christine Lagarde lifted the markets during the midday with the Dow gaining 73 points to 16,294. Nasdaq climbed 38 points to 4142. 

On the upside 

The Food and Drug Administration approved United Therapeutics' (Nasdaq: UTHR) high blood pressure medication Orenitram.

YRC Worldwide (Nasdaq: YRCW) reached a deal with creditors to reduce its debt by approximately $300 million.

A Delaware district court ruled in favor of Meritor (NYSE: MTOR) to allow a pretrial schedule to determine damages.


On the downside


Tesaro (Nasdaq: TSRO) reported that its chemotherapy induced nausea and vomiting treatment rolapitant failed to meet secondary endpoints in two Phase 3 studies. 

Shares of Grupo Financiero Santander Mexico (NYSE: BSMX) began trading ex-dividend today.

V.F. Corp (NYSE: VFC) commenced a 4-for-1 stock split.

In the broad market, advancing issues outpaced decliners by a margin of nearly 3 to 1 on the NYSE and by nearly 5 to 2 on Nasdaq. The broader S&P 500 gained 9 points to 1827. Bitcoin rose $24.20 or 3.71% to $677.00.

The markets opened higher with the Dow gaining 64 points to 16,285 after International Monetary Fund Managing Director Christine Lagarde said that the U.S. economy would expand at a quicker pace in 2014. Nasdaq climbed 30 points to 4134. 

On the upside 

Chardan Capital Markets upgraded Ariad Pharmaceuticals (Nasdaq: ARIA) from a Neutral rating to a Buy rating.

Seagate Technology (Nasdaq: STX) will pay a premium of approximately $374 million in cash to acquire Xyratex (Nasdaq: XRTX).

Rite Aid (NYSE: RAD) extended its partnership with GNC Holdings (NYSE: GNC) for five years.


On the downside


Bank of America Merrill Lynch downgraded Micron Technology (Nasdaq: MU) from a Neutral rating to an Underperform rating. 

Michael Kors (NYSE: KORS) was designated as a "Water-Logged and Getting Wetter" stock by Trade-Ideas.

The Federal Aviation Administration certified Cessna's Citation Sovereign+ but shares of parent company Textron (NYSE: TXT) fell.

In the broad market, advancing issues outpaced decliners by a margin of more than 3 to 1 on the NYSE and by more than 2 to 1 on Nasdaq. The broader S&P 500 gained 8 points to 1826. Bitcoin rose $22.20 or 3.40% to $675.00.

A sharp gain in third quarter economic activity lifted the markets to a higher close with the Dow rising 42 points to 16,221. Nasdaq surged 46 points to 4104. 

On the upside 

Oramed Pharmaceuticals (Nasdaq: ORMP) reported positive results from a Phase 2a clinical trial of its oral insulin capsule to treat type 1 diabetes.

Red Hat (NYSE: RHT) reported sharply higher third quarter earnings that surpassed analyst expectations as revenue climbed.

Financial Times reported that Beechcraft was close to finalizing a deal to purchase Textron (Nasdaq: TXT) for approximately $1.4 billion.


On the downside


The U.S. International Trade Commission ruled that Nokia (NYSE: NOK), Huawei Technologies and ZTE did not infringe on InterDigital (Nasdaq: IDCC) patents. 

Compass Point downgraded Nationstar Mortgage (NYSE: NSM) from a Buy rating to a Neutral rating.

Investors locked in profits on Worthington Industries (NYSE: WOR).

In the broad market, advancing issues outpaced decliners by a margin of more than 3 to 1 on the NYSE and by more than 5 to 2 on Nasdaq. The broader S&P 500 gained 8 points to 1818. Bitcoin lost $38.79 or 5.44% to $675.00.

Markets Advance As GDP Jumps

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The markets advanced during the midday with the Dow climbing 83 points to 16,262 after the nation's third quarter gross domestic product was revised upward to 4.1% from 2.8%. Nasdaq soared 42 points to 4100. 

On the upside 

Ariad Pharmaceuticals (Nasdaq: ARIA) will resume marketing and sales of its leukemia treatment Iclusig with revised warnings.

BlackBerry (Nasdaq: BBRY) fell to a loss for the third quarter but the company announced a five year manufacturing agreement with Foxxconn Group and expects to be profitable in 2016.

Oracle (Nasdaq: ORCL) will pay a premium of approximately $1.39 billion to acquire Responsys (Nasdaq: MKTG).


On the downside


Shares of Rite Aid (NYSE: RAD) continued falling after lowering its full year earnings outlook yesterday. 

Swift Transportation (NYSE: SWFT) cut its fourth quarter earnings guidance

Peabody Energy (NYSE: BTU) blamed delays at the North Goonyella Mine for lowering its full year earnings forecast.

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 2 on both the NYSE and on Nasdaq. The broader S&P 500 climbed 10 points to 1820. Bitcoin gained $29.90 or 4.22% to $738.20.

An upward revision of the nation's third quarter gross domestic product lifted the markets to a higher open with the Dow gaining 64 points to 16,243. Nasdaq climbed 17 points to 4076. 

On the upside 

The Food and Drug Administration delayed its decision on Amarin's (Nasdaq: AMRN) supplemental new drug application as it continues to consider reinstating the ANCHOR Special Protocol Assessment agreement for Vascepa.

Sycamore Partners will take Jones Group (NYSE: JNY) private for approximately $1.2 billion.

Red Hat (NYSE: RHT) impressed with sharply higher third quarter earnings and revenue that surpassed analyst expectations.


On the downside


Tibco Software (Nasdaq: TIBX) reported flat fourth quarter earnings and forecast current quarter results below estimates. 

Fastenal (Nasdaq: FAST) warned that fourth quarter earnings would fall short of expectations.

Third quarter earnings rose for CarMax (NYSE: KMX) but the results missed estimates.

In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 2 on the NYSE and by more than 2 to 1 on Nasdaq. The broader S&P 500 rose 6 points to 1816. Bitcoin soared $31.21 or 4.37% to $745.00.

Mixed Close As Gold Tumbles

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The markets closed mixed with the Dow adding 11 points to 16,179 as gold prices tumbled in response to the Federal Reserve's tapering announcement yesterday. Nasdaq slipped 11 points to 4058. 

On the upside 

Reuters reported that Dish Network (Nasdaq: DISH) may be interested in purchasing T-Mobile (NYSE: TMUS).

ConAgra (NYSE: CAG) reported higher second quarter earnings that surpassed analyst expectations as revenue climbed.

First quarter earnings rose for Accenture (NYSE: ACN) to beat analyst expectations prompting the management consulting firm to lift its full year guidance.


On the downside


Falling gold prices weighed down shares of Gold Fields (NYSE: GFI). 

First quarter earnings slipped for Actuant (NYSE: ATU) to fall short of expectations and the company forecast current quarter earnings below estimates.

First Niagara Financial Group (Nasdaq: FNFG) named interim chief executive to the position of president and permanent chief executive.

In the broad market, declining issues outpaced advancer by a margin of more than 7 to 5 on the NYSE and by 5 to 3 on Nasdaq. The broader S&P 500 eased a point to 1809. Bitcoin soared $125.04 or 21.45% to $708.00.

Mixed Markets At Midday

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The markets traded mixed during the midday with the Dow edging up a point to 16,169. Nasdaq lost 13 points to 4056. 

On the upside 

Alimera Sciences (Nasdaq: ALIM) and pSivida (Nasdaq: PSDV) entered labeling discussions with the Food and Drug Administration for their eye disease treatment Iluvien.

Oxygen Biotherapeutics (Nasdaq: OXBT) will begin enrolling patients in a Phase 3 clinical trial of its low cardiac output syndrome treatment levosimendan in the third quarter of 2014.

IAC/InterActive (Nasdaq: IACI) reorganized its corporate structure be eliminating the chief executive position and moving chief executive Greg Blatt to become chairman of the newly created Match Group.


On the downside


Winnebago Industries (NYSE: WGO) reported sharply higher first quarter earnings but revenue fell short of analyst expectations. 

Rosetta Resources (Nasdaq: ROSE) announced a $1.1 billion capital budget for 2014.

KB Home (NYSE: KBH) swung to a profit for the fourth quarter but the results missed expectations by a wide margin.

In the broad market, declining issues outpaced advancer by a margin of more than 5 to 3 on the NYSE and by more than 3 to 2 on Nasdaq. The broader S&P 500 slipped 2 points to 1807. Bitcoin soared $97.86 or 16.79% to $680.81.

An unexpected jump in jobless claims weighed the markets down to a lower open with the Dow losing 25 points to 16,142. Nasdaq lost 13 points to 4056. 

On the upside 

Second quarter earnings for Oracle (NYSE: ORCL) topped analyst estimates.

Carnival (NYSE: CCL) reported lower fourth quarter earnings but the results were better than expected.

AK Steel (NYSE: AKS) forecast fourth quarter earnings that beat analyst expectations for a loss.


On the downside


Rite Aid (NYSE: RAD) reported lower third quarter earnings even as revenue rose. 

Cobalt International Energy (NYSE: CIE) will plug and abandon an exploratory well on Keathley Canyon Block 163 in the Gulf of Mexico.

Semtech (Nasdaq: SMTC) cut its fourth quarter earnings and revenue guidance prompting a downgrade.

In the broad market, declining issues outpaced advancer by a margin of nearly 5 to 2 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 lost 6 points to 1804. Bitcoin soared $114.04 or 19.56% to $697.00.

Fed To Begin Tapering, Markets Soar

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The Federal Reserve will begin tapering its bond buying program in January citing the improving economy. The markets surged to record highs with the Dow rocketing 292 points to 16,167. Nasdaq surged 46 points to 4070. 

On the upside 

A Seeking Alpha contributor noted that the outlook for Ariad Pharmaceuticals' (Nasdaq: ARIA) leukemia treatment Iclusig was improving and that investors would likely recover their investment in the company.

Halozyme Therapeutics (Nasdaq: HALO) appointed Helen Torley to the position of president and chief executive officer beginning January 6, 2014.

Syntroleum (Nasdaq: SYNM) will be acquired by Renewable Energy Group.


On the downside


Investors locked in profits on AmTrust Financial Services (Nasdaq: AFSI). 

VeriFone Systems (NYSE: PAY) fell to a loss for the fourth quarter and forecast current quarter results below expectations.

Albemarle (NYSE: ALB) blamed weak demand for lowering its fourth quarter outlook.

In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 2 on the NYSE and by 5 to 2 on Nasdaq. The broader S&P 500 soared 29 points to 1810. Bitcoin plunged $14.56 or 2.50% to $568.40.

Fed Meeting About To End, Markets Mixed

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The markets traded mixed during the midday with the Dow adding 9 points to 15,884 as the Federal Reserve is about to end its final meeting of the year. Nasdaq lost 25 points to 3998. 

On the upside 

eOn Communications (Nasdaq: EONC) will merge with Inventergy and rename the new company Inventergy Global.

DepoMed (Nasdaq: DEPO) paid $48.7 million for the United States rights to Nautilus Neurosciences' migraine treatment CAMBIA.

Shares of AMC Entertainment (NYSE: AMC) climbed in its market debut.


On the downside


WPCS International (Nasdaq: WPCS) will purchase BTX Trader, which is developing a proprietary platform to trade bitcoins. 

Shares of Micron (Nasdaq: MU) dropped after Bloomberg reported that rival Hynix will build a new factory in South Korea.

Ford (NYSE: F) cut its 2014 earnings guidance and warned of lower operating margins.

In the broad market, declining issues outpaced advancers by a margin of 10 to 9 on the NYSE and by more than 9 to 7 on Nasdaq. The broader S&P 500 slipped 3 points to 1777. Bitcoin plunged $120.10 or 16.68% to $600.00.

The markets opened mixed with the Dow gaining 54 points to 15,929 while Nasdaq slipped 4 points to 4018 as investors awaited the Federal Reserve's tapering decision.

On the upside 

Harland Clarke Holdings will take Valassis Communications (NYSE: VCI) private for a premium of approximately $1.31 billion.

Lennar (NYSE: LEN) reported higher fourth quarter earnings that surpassed analyst expectations by a wide margin as revenue soared.

Shares of Yingli Green Energy (NYSE: YGE) continued to rise.


On the downside


First quarter earnings rose for Jabil Circuit (NYSE: JBL) but the results fell short of analyst expectations and the company forecast current quarter results that missed estimates by a wide margin. 

Tower Group International (Nasdaq: TWGP) must increase its reserves by $75 million to $105 million.

Gogo (NYSE: GOGO) private equity sponsor Ripplewood Holdings distributed all 27.6 million shares of its holdings in Gogo and three Ripplewood directors resigned from the Gogo board.

In the broad market, advancing issues outpaced decliners by a margin of more than 7 to 5 on the NYSE and by nearly 10 to 9 on Nasdaq. The broader S&P 500 added 2 points to 1783. Bitcoin plunged $227.10 or 31.54% to $493.00.

The markets closed modestly lower with the Dow slipping 9 points to 15,875 ahead of the Federal Reserve's tapering decision. Nasdaq lost 5 points to 4023.

On the upside 

A Seeking Alpha contributor wrote on Friday that Stereotaxis' (Nasdaq: STXS) valuation was low compared with its peers.

Yingli Green Energy (NYSE: YGE) issued a press release affirming that it was in full compliance with the European Union's price undertakings and would therefore be exempt from any duties.

Sprint (NYSE: S) partnered with Dish Network to test trial a wireless broadband service.


On the downside


Spectrum Pharmaceuticals (Nasdaq: SPPI) will offer $100 million worth of convertible senior notes. 

BorgWarner (NYSE: BWA) will purchase Gustav Wahler.

FactSet Research Systems (NYSE: FDS) reported higher first quarter earnings but the results fell short of analyst expectations.

In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 4 on both the NYSE and on Nasdaq. The broader S&P 500 lost 5 points to 1781. Bitcoin dropped $63.34 or 8.05% to $723.21.

Markets Slip Ahead Of Fed Decision

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The markets turned negative during the midday with the Dow slipping 17 points to 15,900 in anticipation of the Federal Reserve beginning to taper its bond buying program. Nasdaq lost 2 points to 4026.

On the upside 

Raymond James upgraded iRobot (Nasdaq: IRBT) from a Market Perform rating to a Strong Buy rating.

Methes Energies International (Nasdaq: MEIL) reported record production in November.

European Medicines Agency included a review of Ariad's (Nasdaq: ARIA) leukemia treatment Iclusig on its December meeting agenda.


On the downside


CombiMatrix (Nasdaq: CBMX) priced its offering of 12,000 units of convertible preferred stock and warrants. 

AGCO (NYSE: AGCO) will repurchase up to $500 million worth of company stock but the stock price fell.

Shares of Opko Health (NYSE: OPK) extended its losses.

In the broad market, declining issues outpaced advancers by a margin of 7 to 5 on both the NYSE and on Nasdaq. The broader S&P 500 lost 4 points to 1781. Bitcoin dropped $47.89 or 6.09% to $738.67.

Mixed Open Ahead Of Fed Decision

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The markets opened mixed with the Dow rising 15 points to 15,900 while Nasdaq slipped 5 points to 4024 ahead of the Federal Reserve's tapering decision.

On the upside 

Kohlberg Kravis Roberts & Co. will acquire KKR Financial (NYSE: KKR) in an all stock deal valued at approximately $2.6 billion.

Frontier Communications (Nasdaq: FTR) will pay approximately $2 billion in cash to purchase AT&T's (NYSE: T) Connecticut wireline operations.

Biodel (Nasdaq: BIOD) secured the worldwide exclusive rights to BD's BD Uniject SCF(™) Disposable Auto-Disable Injection System.


On the downside


Targacept (Nasdaq: TRGT) halted development of its schizophrenia treatment TC-5619 after disappointing results from a Phase 2b clinical trial. 

Brean Capital initiated coverage of Rockwell Medical (Nasdaq: RMTI) with a Sell rating.

FuelCell Energy (Nasdaq: FCEL) narrowed fourth quarter losses but the results fell short of analyst expectations.

In the broad market, declining issues outpaced advancers by a margin of more than 2 to 1 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 slipped 2 points to 1784. Bitcoin dropped $51.46 or 6.54% to $735.10.

Markets Leap Ahead Of Fed Meeting

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The markets surged to close sharply higher with the Dow leaping 129 points to 15,884 ahead of the Federal Reserve meeting that could be the start of bond tapering. Nasdaq climbed 28 points to 4029.

On the upside 

Agenus (Nasdaq: AGEN) reported positive results from a Phase 2 study of its brain cancer vaccine Prophase Series G-200.

The U.S. Navy's Military Sealift Command selected Revolution Lighting Technologies (Nasdaq: RVLT) to supply dry cargo/ammunition ships with 17,000 Seesmart LED tube lamps.

Herbalife (NYSE: HLF) re-audited more than three years of financials and determined that there was no need to make any changes to previous financial reports.


On the downside


TTM Technologies (Nasdaq: TTMI) will offer $150 million worth of convertible senior notes. 

Veeva Systems (NYSE: VEEV) reported higher third quarter earnings and revenue but the stock price tumbled.

The Delaware Supreme Court dismissed an appeal by Cooper Tire & Rubber (NYSE: CTB) to move forward with its acquisition of Apollo Tyres.

In the broad market, advancing issues outpaced decliners by a margin of nearly 2 to 1 on the NYSE and by more than 2 to 1 on Nasdaq. The broader S&P 500 climbed 11 points to 1786. Bitcoin dropped $17.16 or 2.18% to $769.40.

Markets Soar Even As Tapering Looms

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The markets soared during the midday with the Dow surging 123 points to 15,879 even with expectations that the Federal Reserve would begin tapering its bond buying program this week. Nasdaq gained 25 points to 4026.

On the upside 

Endo Health Solutions (Nasdaq: ENDP) will pay approximately $105 million in cash to purchase NuPathe (Nasdaq: PATH).

LightInTheBox (NYSE: LITB) will repurchase up to $20 million worth of American Depositary Shares.

Violin Memory (NYSE: VMEM) fired chief executive Donald Basile and named Howard A. Bain III as interim chief executive.


On the downside


Oppenheimer downgraded Advanced Micro Devices (NYSE: AMD) from a Perform rating to an Underperform rating. 

Shares of Pandora Media (NYSE: P) extended its losses.

Ecopetrol (NYSE: EC) announced a capital expenditure budget of $10.595 billion for 2014.

In the broad market, advancing issues outpaced decliners by a margin of more than 2 to 1 on the NYSE and by nearly 2 to 1 on Nasdaq. The broader S&P 500 gained 10 points to 1785. Bitcoin dropped $99.98 or 11.11% to $800.02.

Merger and acquisition news lifted the markets to a sharply higher open with the Dow soaring 143 points to 15,895. Nasdaq climbed 33 points to 4034.

On the upside 

Avago Technologies (Nasdaq: AVGO) will pay a premium of approximately $6.6 billion in cash to acquire LSI (Nasdaq: LSI).

Solta Medical (Nasdaq: SLTM) will be acquired by Valeant Pharmaceuticals (NYSE: VRX) for a premium of approximately $236 million in cash.

AerCap Holdings (NYSE: AER) will buy AIG's (NYSE: AIG) International Lease Finance aircraft leasing business in a cash and stock deal valued at approximately $5.4 billion.


On the downside


USEC (NYSE: USU) will file for Chapter 11 bankruptcy protection in the first quarter of 2014. 

Investors continued to lock in profits on CytRx (Nasdaq: CYTR).

Profit taking weighed down shares of T-Mobile (NYSE: TMUS).

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 2 on the NYSE and by nearly 5 to 2 on Nasdaq. The broader S&P 500 gained 13 points to 1788. Bitcoin fell $60.00 or 6.67% to $840.00.

Flat Close Over Tapering Concerns

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Despite a 0.7% gain in November retail sales, the markets closed flat with the Dow rising 15 points to 15,755 over concerns that the Federal Reserve would soon begin tapering its bond buying program. Nasdaq added 2 points to 4000.

On the upside 

Bargain hunters lifted shares of FreeSeas (Nasdaq: FREE).

Shares of Fidelity & Guaranty Life (NYSE: FGL) climbed on its first trading day.

Sonus Networks (Nasdaq: SONS) will pay a premium of approximately $30 million to acquire Performance Technologies (Nasdaq: PTIX).


On the downside


Insys Therapeutics (Nasdaq: INSY) received a subpoena related to sales and marketing practices that may have violated rules of the Department of Health and Human Services. 

Shares of Avanir Pharmaceuticals (Nasdaq: AVNR) continued falling.

XOMA (Nasdaq: XOMA) priced its public offering of 9 million common shares at the discounted price of $5.25 per share.

In the broad market, advancing issues outpaced decliners by a margin of more than 9 to 7 on the NYSE and by more than 7 to 5 on Nasdaq. The broader S&P 500 held steady at 1775. Bitcoin edged up $2.26 or 0.25% to $897.04.

Markets Flat Ahead Of Fed Meeting

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The markets traded flat at midday with the Dow adding 9 points to 15,748 despite a rise in November retail sales as investors await results of the Federal Reserve meeting next week. Nasdaq edged up a point to 3999.

On the upside 

Shares of Nimble Storage (NYSE: NMBL) surged on its first trading day.

Celsion (Nasdaq: CLSN) reported positive results from two Phase 1 studies of its ThermoDox plus hyperthermia to treat recurrent breast cancer and is now enrolling patients in a Phase 2 study.

Bargain hunters snapped up shares of Camtek (Nasdaq: CAMT).


On the downside


Profit taking weighed down shares of CytRx (Nasdaq: CYTR). 

Opko Health (NYSE: OPK) extended its losses.

AVEO Pharmaceuticals (Nasdaq: AVEO) warned that its colorectal cancer treatment tivozanib would likely fail a midstage study.

In the broad market, declining issues outpaced advancers by a margin of nearly 10 to 9 on the NYSE while advancers edged out decliners by nearly 10 to 9 on Nasdaq. The broader S&P 500 eased a fraction to 1774. Bitcoin added $14.22 or 1.59% to $909.00.

Flat Open Even As Retail Sales Rise

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The markets opened flat with the Dow holding steady at 15,739 even as retail sales rose 0.7% in November. Nasdaq added 2 points to 4001.

On the upside 

Coronado Biosciences (Nasdaq: CNDO) reported upbeat interim results from a pilot study of its autism treatment CNDO-201.

Adobe Systems (Nasdaq: ADBE) reported lower fourth quarter earnings but subscription revenue surged as subscribers increased.

InterCloud Systems (Nasdaq: ICLD) will acquire Integration Partners-NY.


On the downside


A bankruptcy judge ruled that Anadarko Petroleum (NYSE: APC) was liable for fraudulent transfers related to Kerr McGee's spinoff of Tronox and may pay up to $14 billion in damages. 

Darling International (NYSE: DAR) priced its public offering of 40 million common shares at the discounted price of $19 per share.

Restoration Hardware (NYSE: RH) co-chief executive Carlos Alberini resigned.

In the broad market, advancing issues outpaced decliners by a margin of 9 to 7 on the NYSE and by more than 7 to 5 on Nasdaq. The broader S&P 500 held steady at 1775. Bitcoin rose $37.22 or 4.16% to $932.00.

Taper Uncertainty Weighs Down Markets

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Continued uncertainty about the Federal Reserve's tapering schedule weighed the markets down to a lower close with the Dow plummeting 104 points to 15,739. Nasdaq lost 5 points to 3998.

On the upside 

MarketWatch noted that the Food and Drug Adminstration's director of Drug Evaluation and Research, Janet Woodcock, made comments that implied support of Sarepta Therapeutics' (Nasdaq: SRPT) experimental Duchenne muscular dystrophy treatment eteplirsen.

Medicare contractor CGS will begin reimbursing MiMedx Group (Nasdaq: MDXG) for its wound care allograft EpiFix.

Twitter (NYSE: TWTR) introduced introduced a new mobile advertising program.


On the downside


GeoInvesting questioned the accounting practices of AmTrust Financial Services (Nasdaq: AFSI). 

Investors locked in profits on BG Medicine (Nasdaq: BGMD).

Violin Memory (NYSE: ANR) chief technical officer Jonathan Goldrick resigned and rumors circulated that chief executive officer Don Basille may soon depart.

In the broad market, declining issues outpaced advancers by a margin of more than 7 to 5 on the NYSE and by nearly 10 to 9 on Nasdaq. The broader S&P 500 fell 6 points to 1775. Bitcoin edged up $2.83 or 0.32% to $897.00.

Markets Extend Losses At Midday

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The markets extended its losses during the midday with the Dow plunging 110 points to 15,732 as jobless claims climbed last week. Nasdaq slipped 6 points to 3997.

On the upside 

Shares of CytRx (Nasdaq: CYTR) soared again after reporting upbeat trial results Tuesday after market close.

Hilton Hotels (NYSE: HLT) stock climbed on its first trading day.

Shares of Aramark Holdings (NYSE: ARMK) climbed in its market debut.


On the downside


SunEdison (NYSE: SUNE) lowered its fourth quarter and full year revenue outlook. 

Ciena (Nasdaq: CIEN) narrowed fourth quarter losses but the results missed analyst expectations.

Alpha Natural Resources (NYSE: ANR) will sell $250 million worth of convertible senior notes.

In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 3 on the NYSE and by nearly 10 to 9 on Nasdaq. The broader S&P 500 fell 6 points to 1775. Bitcoin dropped $80.04 or 8.38% to $875.58.

A jump in first time applications for unemployment benefits sent the markets down to a lower open with the Dow tumbling 87 points to 15,755. Nasdaq slipped 7 points to 3996.

On the upside 

Fortis will pay a premium of approximately $2.5 billion to acquire UNS Energy (NYSE: UNS).

An investigational new drug application is expected to be filed for GenVec's (NYSE: SEM) CGF166 in January 2014.

Synta Pharmaceuticals (Nasdaq: SNTA) reported positive interim results from a Phase 2 study of its breast cancer treatment ganetespib.


On the downside


Lululemon (Nasdaq: LULU) reported higher third quarter earnings that topped analyst estimates but the yoga apparel maker forecast disappointing current quarter sales. 

IAMGOLD (NYSE: IAG) suspended all dividend payments until further notice.

Taminco (NYSE: TAM) priced its secondary offering of 10 million common shares at the discounted price of $20 per share.

In the broad market, declining issues outpaced advancers by a margin of 5 to 3 on the NYSE and by nearly 5 to 4 on Nasdaq. The broader S&P 500 lost 5 points to 1776. Bitcoin fell $55.62 or 5.82% to $900.00.

Renewed Taper Concerns Sink Stocks

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Renewed taper concerns sent the markets tumbling to a sharply lower close with the Dow plummeting 129 points to 15,843. Nasdaq plunged 56 points to 4003.

On the upside 

Astrotech (Nasdaq: ASTC) announced yesterday that its subsidiary 1st Detect was issued a patent for its ion trap that is used for chemical analysis and detection.

News that more people have signed up for Obamacare lifted shares of Select Medical (NYSE: SEM).

Variety magazine reported that Discovery Communications (Nasdaq: DISCA) has explored possibility of purchasing Scripps Networks Interactive (NYSE: SNI).


On the downside


Shares of NII Holdings (Nasdaq: NIHD) extended its losses. 

Investors continued to lock in profits on ReneSola (NYSE: SOL).

Trulia (NYSE: TRLA) will offer approximately $150 million in senior convertible notes.

In the broad market, declining issues outpaced advancers by a margin of more than 5 to 1 on the NYSE and by nearly 7 to 2 on Nasdaq. The broader S&P 500 plunged 20 points to 1782. Bitcoin held steady at $955.62.

Markets Drop On Disappointing Earnings

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Disappointing earnings news weighed the markets down during the midday with the Dow tumbling 82 points to 15,890. Nasdaq plunged 39 points to 4021.

On the upside 

Shares of Autohome (NYSE: ATHM) surged in its debut on the New York Stock Exchange.

Valero Energy Partners (NYSE: VLP) stock leaped on its first trading day.

Echo Therapeutics (Nasdaq: ECTE) entered a strategic partnership with Medical Technologies Innovation Asia.


On the downside


Shares of Icahn Enterprises (Nasdaq: IEP) continued falling. 

Laboratory Corp. of America (NYSE: LH) forecast 2014 earnings that fell far short of analyst expectations.

Shares of Pandora Media (NYSE: P) fell after Spotify introduced a new, free music streaming service for mobile devices.

In the broad market, declining issues outpaced advancers by a margin of more than 5 to 1 on the NYSE and by more than 3 to 1 on Nasdaq. The broader S&P 500 tumbled 13 points to 1788. Bitcoin dropped $74.38 or 7.22% to $955.62.

Lower Open Despite Budget Deal

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A bipartisan budget agreement was reached but the markets opened lower with the Dow dropping 75 points to 15,897. Nasdaq tumbled 22 points to 4038.

On the upside 

CytRx (Nasdaq: CYTR) reported positive results from a Phase 2b clinical trial of its advanced soft tissue sarcomas treatment aldoxorubicin.

The Centers for Medicare and Medicaid Services increased the reimbursement rate for BG Medicine's (Nasdaq: BGMD) galectin-3 blood test from $17.80 to $30.01 beginning in 2014.

NorthStar Realty Finance (NYSE: NRF) will spin-off its asset management business into a separate publicly traded company.


On the downside


Gevo (Nasdaq: GEVO) priced its public offering of 18.525 million common units at the discounted price of $1.35 per unit. 

Avanir (Nasdaq: AVNR) widened fourth quarter losses more than expected and reported disappointing results from a midstage clinical trial of its multiple sclerosis pain medication AVP-923.

Investors locked in profits on Opko Health (NYSE: OPK).

In the broad market, declining issues outpaced advancers by a margin of more than 3 to 1 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 dropped 9 points to 1792. Bitcoin dropped $74.38 or 7.22% to $955.62.

Lower Close Ahead Of Fed Meeting

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Small business confidence rose in November but the markets closed lower with the Dow falling 52 points to 15,973 in anticipation of the Federal Reserve's meeting next week. Nasdaq lost 8 points to 4060.

On the upside 

Enanta Pharmaceuticals (Nasdaq: ENTA) reported very high response rates in hepatitis C patients treated with the protease inhibitor ABT-450 in a SAPPHIRE-II study.

Apollo Global Management will sell all of its holdings in EVERTEC (NYSE: EVTC) with EVERTEC repurchasing $75 million worth of its common stock.

Deutsche Bank initiated coverage of 3D Systems (NYSE: DDD) with a Buy rating.


On the downside


Icahn Enterprises (Nasdaq: IEP) will sell 2 million depositary units. 

StealthGas (Nasdaq: GASS) will offer 10 million common shares through a public offering.

Needham upgraded Geron (Nasdaq: GERN) from a Hold rating to a Buy rating but the stock price fell.

In the broad market, declining issues outpaced advancers by a margin of more than 3 to 2 on the NYSE and by nearly 2 to 1 on Nasdaq. The broader S&P 500 fell 5 points to 1802. Bitcoin soared $130.20 or 14.36% to $1,037.20.

The markets fell during the midday with the Dow losing 21 points to 16,003 despite a gain in small business confidence. Nasdaq slipped 5 points to 4063.

On the upside 

Rambus (Nasdaq: RMBS) settled its patent claims against Micron Technology (Nasdaq: MU) with an agreement for Micron to make royalty payments to Rambus.

Manitoulin Transport will acquire Vitran (Nasdaq: VTNC) in a deal valued at approximately $128 million.

A surge in gold prices lifted shares of Barrick Gold (NYSE: ABX), AngloGold Ashanti (NYSE: AU), AuRico Gold (NYSE: AUQ) and Eldorado Gold (NYSE: EGO).


On the downside


Lumber Liquidators (NYSE: LL) forecast fourth quarter earnings below analyst expectations. 

Burlington Stores (NYSE: BURL) widened third quarter losses.

TravelCenters of America (NYSE: TA) will offer 5 million common shares through a public offering.

In the broad market, declining issues outpaced advancers by a margin of more than 3 to 2 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 lost 3 points to 1805. Bitcoin climbed $60.78 or 6.70% to $967.78.

The markets opened mixed with the Dow slipping 11 points to 16,014 while Nasdaq edged up a point to 4070 as industrial output in China rose less than expected.

On the upside 

Omron Medical Devices will be the exclusive distributor of NeuroMetrix's (Nasdaq: NURO) NC-stat DPNCheck in China.

Shares of Twitter (NYSE: TWTR) continued rising as investors embraced its recently announced targeted ad product.

Stifel Nicolaus upgraded ARIAD Pharmaceuticals (Nasdaq: ARIA) from a Hold rating to a Buy rating.


On the downside


Profit taking continued to weigh down Plug Power (Nasdaq: PLUG). 

Genco Shipping & Trading (NYSE: GNK) hired Kramer Levin Naftalis & Frankel to assist in restructuring approximately $1.5 billion in debt.

Eagle Bulk Shipping (Nasdaq: EGLE) retained the services of Moelis & Co. as well as Milbank, Tweed, Hadley & McCoy to provide assistance in restructuring approximately $1.2 billion in debt.

In the broad market, advancing issues outpaced decliners by a margin of more than 10 to 9 on the NYSE while decliners edged out advancers by more than 10 to 9 on Nasdaq. The broader S&P 500 slipped a point to 1806. Bitcoin gained $47.51 or 5.24% to $954.51

The markets closed flat with the Dow adding 5 points to 16,025 despite corporate consolidations. Nasdaq gained 6 points to 4068.

On the upside 

YRC Worldwide's (NYSE: ANR) Teamsters union will vote to extend an agreement that would help the company refinance nearly $1 billion in debt.

InterOil (NYSE: IOC) posted an investor presentation on the company website.

Hudson Technologies (Nasdaq: HIHO) corrected an earlier press release to say that a final EPA rule on virgin R-22 allowances would be issued next year rather than this year.


On the downside


Newfield Exploration (NYSE: NFX) trimmed its domestic liquids growth forecast for 2014. 

Shares of Lions Gate Entertainment (NYSE: LGF) fell after its blockbuster hit The Hunger Games: Catching Fire finally slipped to the number 2 spot after two weeks on top.

Trina Solar (Nasdaq: TSL) said that it was in full compliance with the European Union's price undertaking and would therefore be exempt from anti-dumping and anti-subsidy duties.

In the broad market, advancing issues were on par with decliners on the NYSE while decliners edged out advancers by more than 7 to 5 on Nasdaq. The broader S&P 500 rose 3 points to 1808. Bitcoin soared $124.30 or 15.89% to $906.80.

Markets Modestly Higher At Midday

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The markets traded modestly higher during the midday with the Dow gaining 11 points to 16,032. Nasdaq rose 5 points to 4068.

On the upside 

Alpha Natural Resources (NYSE: ANR) will sell its 50% stake in its Alpha Shale Resources Joint Venture to Rice Energy for $300 million in cash and stock.

Twitter (NYSE: TWTR) will allow access to its service through Unstructured Supplementary Service Data technology for Myriad Group users.

Highway Holdings (Nasdaq: HIHO) received three orders to produce plastic components for printers.


On the downside


OSI Systems (Nasdaq: OSI) said that the Transportation Security Administration most likely cancelled a recent order due to an upgraded component in the AT-2 detection systems. 

Edwards Lifesciences (NYSE: EW) blamed increased competition for forecasting 2014 sales of its Sapien heart valves below analyst expectations.

Profit taking weighed down shares of Metabolix (Nasdaq: MBLX).

In the broad market, advancing issues outpaced decliners by a margin of nearly 10 to 9 on the NYSE while decliners edged out advancers by more than 7 to 5 on Nasdaq. The broader S&P 500 rose 3 points to 1808. Bitcoin surged $135.49 or 17.32% to $917.99.

Continued enthusiasm over last week's upbeat jobs report lifted the markets to a higher open with the Dow rising 9 points to 16,029. Nasdaq added 5 points to 4067.

On the upside 

Covidien (NYSE: COV) will pay a premium of approximately $860 million in cash to acquire Given Imaging (Nasdaq: GIVN).

Sysco (NYSE: SYY) will acquire US Foods for approximately $3.5 billion in a stock and cash.

Prana Biotechnology (Nasdaq: PRAN) completed the treatment phase of its IMAGINE Alzheimer's Disease clinical trial.


On the downside


Investors locked in profits on Plug Power (Nasdaq: PLUG). 

NII Holdings (Nasdaq: NIHD) warned that prepaid subscriber deactivations in Mexico will be greater than expected and announced plans to eliminate 1,400 market operations jobs and will reduce the number of employees at its headquarters by more than 25%.

Shares of Yingli Green Energy (NYSE: YGE) continued falling.

In the broad market, advancing issues outpaced decliners by a margin of more than 10 to 9 on the NYSE while decliners edged out advancers by 10 to 9 on Nasdaq. The broader S&P 500 added 2 points to 1807. Bitcoin soared $101.50 or 12.97% to $884.00.

Markets Soar On Upbeat Jobs Data

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Upbeat jobs data sent the markets soaring to a sharply higher close with the Dow rocketing 196 points to 16,020. Nasdaq gained 29 points to 4062.

On the upside 

Metabolix (Nasdaq: MBLX) introduced its new Mvera (™) B5011 compostable film grade resin on Tuesday.

The Food and Drug Administration approved Auxilium Pharmaceuticals' (Nasdaq: AUXL) Peyronie's disease treatment XIAFLEX.

The Ministry of Petroleum of Angola confirmed that Vaalco Energy (NYSE: EGY) may proceed with drilling offshore Angola.


On the downside


InterOil (NYSE: IOC) sold a 61.3% stake in two Papua New Guinea gas fields to Total. 

Levi & Korsinsky filed a class action lawsuit against Ariad Pharmaceuticas (Nasdaq: ARIA) for making false and misleading statements about its leukemia treatment Iclusig.

Citron Research again mentioned Questcor Pharmaceuticals (Nasdaq: QCOR) cautiously.

In the broad market, advancing issues outpaced decliners by a margin of 5 to 2 on the NYSE and by more than 2 to 1 on Nasdaq. The broader S&P 500 soared 20 points to 1805. Bitcoin plunged $186.00 or 16.74% to $925.00.

Unemployment Rate Drops To 7.0%

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The markets advanced during the midday with the Dow leaping 154 points to 15,976 as the nation's unemployment rate dropped more than expected to a five year low of 7.0%. Nasdaq climbed 32 points to 4065.

On the upside 

Bargain hunters lifted shares of Rite Aid (NYSE: RAD).

Third quarter earnings surged for Pacific Sunwear (Nasdaq: PSUN) due to a one time gain prompting an upgrade.

A Seeking Alpha contributor wrote that B.O.S. Online Solutions (Nasdaq: BOSC) was undervalued and had the potential to double.


On the downside


SeaChange International (Nasdaq: SEAC) reported higher third quarter earnings but the results fell short of analyst expectations and the company forecast current quarter results below estimates. 

The Securities and Exchange Commission initiated an inquiry into J.C. Penney's (NYSE: JCP) finances.

Shares of ReneSola (NYSE: SOL) continued falling after reporting a wider loss than expected for the third quarter yesterday morning.

In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 2 on the NYSE and by more than 5 to 2 on Nasdaq. The broader S&P 500 climbed 17 points to 1802. Bitcoin plummeted $146.00 or 13.14% to $965.00.

The nation's employers added more jobs than expected in November to lift the markets to a sharply higher open with the Dow soaring 147 points to 15,968. Nasdaq gained 19 points to 4052.

On the upside 

Ballard Power Systems (Nasdaq: BLDP) signed a Memorandum of Understanding with European bus manufacturer Van Hool to develop and deploy zero emission fuel cell buses.

Shares of Plug Power (Nasdaq: PLUG) rose for the third day.

A Mayo Clinic study determined that Geron's (Nasdaq: GERN) imetelstat improved the condition of bone marrow cancer patients.


On the downside


Ulta Salon, Cosmetics & Fragrance (Nasdaq: ULTA) reported higher third quarter earnings but the results fell short of expectations and the company forecast current quarter earnings below estimates. 

American Eagle Outfitters (NYSE: AEO) reported sharply lower third quarter earnings as revenue fell and forecast current quarter earnings that missed analyst expectations.

Big Lots (NYSE: BIG) widened losses more than expected for the third quarter, forecast disappointing current quarter results and announced plans to exit the Canadian market.

In the broad market, advancing issues outpaced decliners by a margin of nearly 4 to 1 on the NYSE and by more than 3 to 1 on Nasdaq. The broader S&P 500 climbed 16 points to 1801. Bitcoin fell $70.00 or 6.30% to $1,041.00.

Concerns that the Federal Reserve may begin tapering its bond buying program weighed the markets down to a lower close with the Dow falling 68 points to 15,821. Nasdaq slipped 4 points to 4033.

On the upside 

Mattress Firm Holding (Nasdaq: MFRM) reported higher third quarter earnings as revenue climbed and forecast current quarter earnings ahead of estimates.

Receptos (Nasdaq: RCPT) will begin a Phase 3 trial of RPC1063 in relapsing multiple sclerosis.

Third quarter earnings rose for Dollar General (NYSE: DG) to top analyst expectations.


On the downside


TheStreet.com's Adam Feuerstein tweeted that Keryx (Nasdaq: KERX) was not likely to receive New Chemical Entity status for Zerenex. 

Shares of BioTelemetry (Nasdaq: BEAT) continued falling on news that Medicare reimbursements would drop.

Crestwood Equity Partners (NYSE: CEQP) warned of continued weakness in Gulf Coast natural gas storage fundamentals.

In the broad market, declining issues outpaced advancers by a margin of nearly 2 to 1 on the NYSE and by nearly 5 to 4 on Nasdaq. The broader S&P 500 fell 7 points to 1785. Bitcoin tumbled $102.46 or 8.50% to $1,102.58.

News that the nation's economy expanded by a greater than expected 3.6% in the third quarter raised concerns that the Federal Reserve may soon begin tapering its bond buying program. The markets traded mixed during the midday with the Dow slipping 26 points to 15,862 while Nasdaq added 2 points to 4040.

On the upside 

China Auto Logistics (Nasdaq: CALI) subsidiary Tianjin Binhai Shisheng TradingGroup will pay approximately $91.4 million to acquire Airport International Automall owner and operator Tianjin Zhonghe Auto Sales Service.

Second quarter earnings fell for Methode Electronics (NYSE: MEI) but revenue surged.

Puma Biotechnology (Nasdaq: PBYI) reported upbeat results from a Phase II clinical trial of its breast cancer treatment PB272.


On the downside


Shares of J.C. Penney (NYSE: JCP) continued falling despite reporting an impressive 10.1% increase in November same store sales Tuesday after market close. 

Oculus Innovative Sciences (Nasdaq: OCLS) will offer $2.2 million in common stock.

Alberta Investment Management sold its entire holdings of 56 million shares in Precision Drilling (NYSE: PDS).

In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 3 on the NYSE and by nearly 10 to 9 on Nasdaq. The broader S&P 500 slipped 3 points to 1789. Bitcoin plummeted $136.37 or 11.32% to $1,068.68.

The markets opened lower with the Dow losing 36 points to 15,853 even as jobless claims dropped more than expected last week. Nasdaq slipped 6 points to 4031.

On the upside 

Plug Power (Nasdaq: PLUG) continued rising after forecasting a profit for 2014 yesterday.

The American College of Obstetricians and Gynecologists now recommends chromosomal microarray analysis as the first-line genetic test in pregnancies showing fetal abnormalities.  Shares of molecular diagnostics solutions provider CombiMatrix (Nasdaq: CBMX) surged.

Conn's (Nasdaq: CONN) reported sharply higher third quarter earnings and revenue that beat analyst expectations prompting the specialty retailer to lift its full year outlook.


On the downside


Electronic Arts (Nasdaq: EA) halted all developments from DICE until problems in Battlefield 4 are fixed. 

ReneSola (NYSE: SOL) widened third quarter losses even as revenue soared.

The Wet Seal (Nasdaq: WTSL) widened third quarter losses more than expected and forecast current quarter revenue below expectations.

In the broad market, declining issues outpaced advancers by a margin of 5 to 3 on the NYSE and by nearly 10 to 9 on Nasdaq. The broader S&P 500 lost 5 points to 1787. Bitcoin plunged $165.05 or 13.70% to $1,040.00.

The nation's employers added more jobs than expected in November but the markets closed lower with the Dow losing 24 points to 15,889. Nasdaq edged up a fraction to 4038.

On the upside 

A Seeking Alpha contributor wrote that Dataram  (Nasdaq: DRAM) stock would climb.

A Seeking Alpha article said that Tonix Pharmaceutical (Nasdaq: TNXP) was undervalued and had tremendous upside potential.

Idera Pharmaceuticals (Nasdaq: IDRA) opened enrollment for a Phase 1/2 clinical trial of IMO-8400.


On the downside


The Centers for Medicare and Medicaid Services lowered its reimbursement for remote cardiac monitoring services which sent shares of BioTelemetry (Nasdaq: BEAT) tumbling. 

Shares of FreeSeas (Nasdaq: FREE) continued falling after announcing a 5-for-1 reverse stock split on Monday.

Ambit Biosciences (Nasdaq: AMBI) must conduct a Phase 3 study of quizartinib before submitting a New Drug Application to the Food and Drug Administration.

In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 3 on the NYSE and by 7 to 5 on Nasdaq. The broader S&P 500 slipped 2 points to 1792. Bitcoin climbed $18.05 or 1.50% to $1,223.10.

Markets Retreat Despite Job Gains

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The markets retreated during the midday with the Dow losing 29 points to 15,885 despite a greater than expected gain in November jobs. Nasdaq slipped 4 points to 4032.

On the upside 

Essex Property Trust (NYSE: ESS) offered approximately $5 billion to acquire BRE Properties (NYSE: BRE).

CF Industries (NYSE: CF) may increase its dividend and has engaged in discussions to explore partnership structures.

Pandora Media (NYSE: P) reported higher November listener hours, a 16% gain in active listeners and expansion of its U.S. radio market from 7.17% last year to 8.44%.


On the downside


Edward Lampert's ESL Partners hedge fund lowered its stake in Sears (Nasdaq: SHLD)  by distributing shares of the department store to investors. 

OmniVision Technologies (Nasdaq: OVTI) reported higher second quarter earnings and revenue but the company forecast current quarter revenue below analyst expectations.

Kinder Morgan (NYSE: KMI) forecast strong growth in 2014 and expects to increase its dividend to $1.72 per share but the stock price dropped.

In the broad market, declining issues outpaced advancers by a margin of more than 2 to 1 on the NYSE and by more than 7 to 5 on Nasdaq. The broader S&P 500 lost 3 points to 1791. Bitcoin held steady at $1,097.10.

Higher Open On Upbeat Jobs Data

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An upbeat jobs report lifted the markets to a higher open with the Dow rising 38 points to 15,953. Nasdaq gained 12 points to 4049.

On the upside 

The Food and Drug Administration granted 510(k) clearance to Oculus Innovative Sciences' (Nasdaq: OCLS) Microcyn® Scar Management HydroGel.

The Food and Drug Administration accepted ARCA biopharma's (Nasdaq: ABIO) Gencaro(™) Investigational New Drug application for atrial fibrillation.

Hewlett-Packard (NYSE: HPQ) will eliminate 1,124 jobs in the United Kingdom by the end of January 2014.


On the downside


Express (NYSE: EXPR) reported higher third quarter earnings but the results fell short of expectations and the apparel retailer cut its full year guidance amidst a challenging holiday shopping season. 

Investors locked in profits on EnteroMedics (Nasdaq: ETRM).

Profit taking sank shares of Turquoise Hill Resources (NYSE: TRQ).

In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 4 on the NYSE while advancers were on par with decliners on Nasdaq. The broader S&P 500 rose 3 points to 1798. Bitcoin held steady at $1,097.10.

Lower Close Even As Auto Sales Climb

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Despite an increase in November auto sales, the markets closed lower with the Dow tumbling 94 points to 15,914. Nasdaq fell 8 points to 4037.

On the upside 

InterCloud Systems (Nasdaq: ICLD) redeemed and cancelled $3 million worth of preferred stock.

Mechel (NYSE: MTL) revised the terms of a $1 billion loan.

A Belgian appeals court overturned a lower court's ruling that Herbalife (NYSE: HLF) was a pyramid scheme.


On the downside


ServiceSource (Nasdaq: SREV) changed the structure of its global sales and leadership organization. 

Credit Suisse downgraded Cobalt International Energy (NYSE: CIE) from an Outperform rating to a Neutral rating.

Shares of Rackspace Hosting (NYSE: RAX) tumbled after Google (Nasdaq: GOOG) cut prices on its Compute Engine cloud storage facility.

In the broad market, declining issues outpaced advancers by a margin of more than 3 to 2 on the NYSE and by 5 to 3 on Nasdaq. The broader S&P 500 lost 5 points to 1795. Bitcoin edged up $11.99 or 1.11% to $1,097.10.

The markets tumbled during the midday with the Dow plunging 117 points to 15,891 after a judge allowed the city of Detroit to file for Chapter 9 bankruptcy protection. Nasdaq dropped 16 points to 4028.

On the upside 

OncoMed Pharmaceuticals (Nasdaq: OMED) and Celgene (Nasdaq: CELG) will jointly develop and commercialize up to six anti-cancer stem cell products.

Shares of Gogo (Nasdaq: GOGO) continued rising.

Activist investor Engaged Capital demanded that Abercrombie & Fitch (NYSE: ANF) replace chief executive Michael Jeffries.


On the downside


A Seeking Alpha contributor suggested that Echo Therapeutic's (Nasdaq: ECTE) Symphony CGM system may not be very accurate. 

Forest Oil (NYSE: FST) announced a capital budget of $290 million to $310 million for 2014.

Leidos Holdings (NYSE: LDOS) warned of losses for the third quarter on lower revenue and cut its full year revenue and earnings guidance.

In the broad market, declining issues outpaced advancers by a margin of nearly 2 to 1 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 fell 9 points to 1791. Bitcoin edged up $11.99 or 1.11% to $1,097.10.

Lower Open Over Tepid Holiday Sales

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Concerns about tepid holiday spending weighed the markets down to a lower open with the Dow falling 54 points to 15,954. Nasdaq held steady at 4045.

On the upside 

Germany determined that three Tesla (Nasdaq: TSLA) Model S fires were not due to manufacturer related defects.

EnteroMedics (Nasdaq: ETRM) reported positive interim results from a 5 year ReCharge Pivotal Trial of VBLOC to treat obesity.

Unilife (Nasdaq: UNIS) will supply Novartis with a customized, injectable delivery device.


On the downside


Krispy Kreme Doughnuts (NYSE: KKD) reported higher third quarter earnings but the company forecast full year earnings below analyst expectations. 

Investors locked in profits on Camtek (Nasdaq: CAMT).

A Seeking Alpha contributor wrote that PDL Biopharma (Nasdaq: PDLI) was severely overvalued.

In the broad market, declining issues outpaced advancers by a margin of more than 9 to 7 on the NYSE and while advancers barely edged out decliners by a slim margin on Nasdaq. The broader S&P 500 slipped 2 points to 1797. Bitcoin edged up $11.99 or 1.11% to $1,097.10.

Lower Close Over Weak Holiday Sales

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Weak retail sales over the first weekend of the holiday shopping season sent the markets down to a lower close with the Dow dropping 77 points to 16,008. Nasdaq fell 14 points to 4045.

On the upside 

A Seeking Alpha contributor wrote that Camtek's (Nasdaq: CAMT) new GreenJet 3D printer will generate considerable revenue.

Shares of Xoma (Nasdaq: XOMA) continued rising ahead of its presentation at the 25th Annual Piper Jaffray Healthcare Conference on Wednesday, December 4.

Gogo (Nasdaq: GOGO) received a Supplemental Type Certificate to install its Ku-satellite technology for global connectivity service in Boeing 747-400 aircraft beginning in 2014.


On the downside


Zoom Technologies (Nasdaq: ZOOM) fell to a loss for the third quarter. 

Profit taking sank shares of NII Holdings (Nasdaq: NIHD).

A drop in gold prices weighed down shares of AuRico Gold (NYSE: AUQ), Eldorado Gold (NYSE: EGO) and McEwen Mining (NYSE: MUX).

In the broad market, declining issues outpaced advancers by a margin of 5 to 2 on both the NYSE and on Nasdaq. The broader S&P 500 lost 4 points to 1800. Bitcoin climbed $121.37 or 12.62% to $1,083.37.

Disappointing Thanksgiving weekend sales weighed the markets down during the midday with the Dow losing 17 points to 16,069. Nasdaq slipped 6 points to 4053.

On the upside 

B.O.S. Better Online Solutions (Nasdaq: BOSC) reported reversed year ago losses to post a profit for the third quarter as revenue rose.

A Seeking Alpha contributor wrote that Galena Biopharma (Nasdaq: GALE) was undervalued.

Shares of Novavax (Nasdaq: NVAX) rose ahead of its presentation at the 25th Annual Piper Jaffray Healthcare Conference tomorrow.


On the downside


Invitae sued Myriad Genetics (Nasdaq: MYGN) for infringing on its genetic testing patents. 

Ingersoll-Rand (NYSE: IR) completed the spinoff of its Allegion commercial and residential security business.

Investors locked in profits on Genco Shipping & Trading (NYSE: GNK).

In the broad market, declining issues outpaced advancers by a margin of more than 5 to 3 on both the NYSE and on Nasdaq. The broader S&P 500 edged up a point to 1806. Bitcoin climbed $76.75 or 7.98% to $1,038.75.

The markets opened lower with the Dow slipping 18 points to 16,067 as retail sales over the Thanksgiving weekend fell for the first time since 2009. Nasdaq eased a point to 4058.

On the upside 

Analysts expect Alcatel-Lucent (NYSE: ALU) to soon be restored to France's blue chip CAC 40 index.

Zacks noted that Frontline (NYSE: FRO) stock soared in the past week.

Bargain hunters lifted shares of Ariad Pharmaceuticals (Nasdaq: ARIA).


On the downside


Credit Suisse downgraded Petrobras (NYSE: PBR) from a Buy rating to a Sell rating. 

Cobalt International Energy (NYSE: CIE) reported better than expected results from a natural gas well offshore Angola but concerns that the company violated the U.S. Foreign Corrupt Practices Act sent shares of the company tumbling.

Orexigen Therapeutics (Nasdaq: OREX) will offer $100 million in convertible senior notes.

In the broad market, declining issues outpaced advancers by a margin of more than 5 to 3 on both the NYSE and on Nasdaq. The broader S&P 500 held steady at 1805. Bitcoin soared $93.56 or 9.73% to $1,055.56.

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