Fed Comments Raise Concerns, Markets Drop


The markets tumbled to a lower close with the Dow falling 89 points to 16,040 as comments from the Federal Reserve's last meeting indicated that interest rates may be raised sooner than expected. Nasdaq dropped 34 points to 4237. 

On the upside 

China's Supreme People's Court ruled in favor of American Superconductor (Nasdaq: AMSC) over the jurisdiction in two copyright infringement cases.

TheStreet wrote that ChinaCache International Holdings (Nasdaq: CCIH) had significant upside potential.

Dehaier Medical Systems (Nasdaq: DHRM) renewed its exclusive distribution right with Timesco to direct sale, distribute and bid of optima range products.

On the downside

CombiMatrix (Nasdaq: CBMX) widened losses for the fourth quarter. 

Robert W. Baird downgraded SolarCity (Nasdaq: SCTY) from an Outperform rating to a Neutral rating.

NeoGenomics (Nasdaq: NEO) swung to a profit for the fourth quarter but the stock price fell.

In the broad market, declining issues outpaced advancers by a margin of more than 5 to 3 on the NYSE and by more than 5 to 2 on Nasdaq. The broader S&P 500 lost 12 points to 1828. Bitcoin added $3.27 or 1.25% to $264.50.

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This page contains a single entry by published on February 19, 2014 3:35 PM.

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