Economic Concerns Weigh Down Markets


Renewed concerns about the economy weighed the markets down to a lower close with the Dow losing 29 points to 16,103. Nasdaq slipped 4 points to 4263. 

On the upside 

ACADIA Pharmaceuticals (Nasdaq: ACAD) was designated a Barbarian at the Gate stock by Trade-Ideas.

Strayer Education (Nasdaq: STRA) fell to a smaller than expected loss for the fourth quarter.

Fourth quarter earnings fell for Shutterstock (NYSE: SSTK) but the results were better than expected and the company forecast first quarter and full year revenue ahead of estimates.

On the downside

National CineMedia (Nasdaq: NCMI) swung to a profit for the fourth quarter but the company forecast current quarter revenue that fell short of expectations. 

Financial Engines (Nasdaq: FNGN) reported higher fourth quarter earnings but the results missed estimates and the company forecast full year revenue that fell short of expectations.

Autobytel (Nasdaq: ABTL) reported higher fourth quarter earnings and revenue but the stock price fell after company announced plans to file an omnibus shelf registration statement.

In the broad market, advancing issues outpaced decliners by a margin of more than 9 to 7 on the NYSE and by nearly 10 to 9 on Nasdaq. The broader S&P 500 slipped 3 points to 1836. Bitcoin added $2.86 or 2.47% to $115.75.

About this Entry

This page contains a single entry by published on February 21, 2014 2:23 PM.

Markets Modestly Higher At Midday was the previous entry in this blog.

G20 Pledge Boosts Markets is the next entry in this blog.

Find recent content on the main index or look in the archives to find all content.

Powered by Movable Type 5.12