December 2014 Archives

Falling crude oil prices along with a larger than expected gain in first time applications for unemployment benefits sent the markets down to a sharply lower close on the final trading day of the year with the Dow plunging 160 points to 17,823. Nasdaq tumbled 41 points to 4,736. Overall, the Dow rose 7.5% and Nasdaq climbed 13.4% in 2014.

On the upside

Roth Capital lifted its price target on Cytokinetics (Nasdaq: CYTK) from $13 to $18.

Sigma Designs (Nasdaq: SIGM) entered a lease agreement for an office building in Fremont, California with no rent payments for the first 9 months of the lease.

Expectations that iron ore prices will improve lifted shares of Cliffs Natural Resources (NYSE: CLF).

On the downside

LiveDeal (Nasdaq: LIVE) extended its losses.

RF Micro Devices (Nasdaq: RFMD) and TriQuint Semiconductor (Nasdaq: TQNT) will delist from Nasdaq ahead of the close of their previously announced merger. The new combined company to be called Qorvo will begin trading on Nasdaq on January 2, 2015 under the ticker symbol QRVO.

A lawsuit was filed against Apple (Nasdaq: AAPL) for false advertising related to the storage capacity of its devices.

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 4 on Nasdaq. The broader S&P 500 plummeted 21 points to 2058. Bitcoin rose $6 at $317.
A greater than expected increase in jobless claims weighed the markets down during the midday with the Dow slipping 29 points to 17,954. Nasdaq held steady at 4,776.

On the upside

The UK Medicines and Healthcare Products Regulatory Agency validated the Marketing Authorization Application for RedHill Biopharma's (Nasdaq: RDHL) BEKINDA to treat chemotherapy and radiotherapy-induced nausea and vomiting.

Resolute Energy (NYSE: REN) entered a $150 million second lien secured term loan.

Shares of Brainstorm Cell Therapeutics (Nasdaq: BCLI) rose ahead of the release of results from a Phase 2a clinical trial of its ALS treatment NurOwn on Monday.

On the downside

Falling crude oil prices weighed down shares of onshore well services provider Key Energy Services (NYSE: KEG).

Investors locked in profits on Alpha Natural Resources (NYSE: ANR).

Shares of Barrick Gold (NYSE: ABX) and Kinross Gold (NYSE: KGC) fell as gold prices slipped.

In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 4 on the NYSE and by more than 5 to 4 on Nasdaq. The broader S&P 500 slipped 3 points to 2076. Bitcoin rose $4 at $315.
The markets opened higher with the Dow rising 35 points to 18,018 on the final trading day of the year. Nasdaq gained 14 points to 4,791.

On the upside

NephroGenex (Nasdaq: NRX) successfully completed a QT/QTc cardiac safety study of of Pyridorin.

Bargain hunters lifted shares of Civeo (NYSE: CVEO).

Meadowbrook Insurance Group (NYSE: MIG) will be acquired by Fosun International for a premium of approximately $433 million in cash.

On the downside

Falling crude oil prices weighed down shares of SandRidge Energy (NYSE: SD).

Investors locked in profits on NeuroDerm (Nasdaq: NDRM).

CNBC listed TransOcean (NYSE: RIG) as the worst S&P 500 stock of 2014 for plunging  62%.

In the broad market, advancing issues outpaced decliners by a margin of more than 10 to 9 on the NYSE and by more than 9 to 7 on Nasdaq. The broader S&P 500 added 2 points to 2082. Bitcoin edged up $1 at $311.
The markets closed lower with the Dow falling 55 points to 17,983 despite a rebound in consumer confidence as global economic concerns weighed on investors. Nasdaq dropped 29 points to 4,777.

On the upside

Neonode (Nasdaq: NEON) stock rose ahead of its anticipated launch of "zForce DRIVE - Active Sensor Steering Wheel" at the 2015 International CES.

Bargain hunters lifted shares of Key Energy Services (NYSE: KEG).

Needham upgraded Inphi (NYSE: IPHI) from a Buy rating to a Strong Buy rating.

On the downside

Investors locked in profits on DryShips (Nasdaq: DRYS).

ABI Research expects Apple (Nasdaq: AAPL) iPad sales to drop for the first time.

Shares of EXCO Resources (NYSE: XCO) and Warren Resources (Nasdaq: WRES) fell even as crude oil prices edged up.

In the broad market, declining issues outpaced advancers by a margin of nearly 7 to 5 on the NYSE and by nearly 5 to 3 on Nasdaq. The broader S&P 500 lost 10 points to 2080. Bitcoin slipped $2 at $310.
Consumer confidence rose in December but the markets slipped during the midday with the Dow losing 58 points to 17,979 on lower crude oil prices. Nasdaq fell 25 points to 4,781.

On the upside

China Nepstar Chain Drugstore (NYSE: NPD) will repurchase up to $5 million worth of American Depositary Shares.

The Securities Times reported that China may legalize the sale of prescription drugs over the Internet which lifted shares of China Jo-Jo Drugstores (Nasdaq: CJJD).

Rising gold prices lifted shares of McEwen Mining (NYSE: MUX).

On the downside

Profit taking weighed down shares of Revolution Lighting Technologies (Nasdaq: RVLT).

Shares of Twitter (NYSE: TWTR) extended its gains.

Southwestern Energy (NYSE: SWN) will increase its capital spending in 2015 from $2.4 billion to $2.6 billion.

In the broad market, declining issues outpaced advancers by a margin of nearly 7 to 5 on the NYSE and by nearly 3 to 2 on Nasdaq. The broader S&P 500 lost 8 points to 2082. Bitcoin held steady at $312.
Retreating crude oil prices weighed the markets down to a lower open with the Dow falling 54 points to 17,983. Nasdaq lost 17 points to 4,789.

On the upside

NeuroDerm (Nasdaq: NDRM) reported positive results from a Phase IIa study of ND0612H and ND0612L in treating Parkinson's Disease.

Corvex Management acquired a 7.1% stake in American Realty Capital Properties (Nasdaq: ARCP).

Rising gold prices lifted shares of Barrick Gold (NYSE: ABX), Kinross Gold (NYSE: KGC) and Yamana Gold (NYSE: AUY).

On the downside

Civeo (NYSE: CVEO) suspended its dividend and forecast 2015 earnings and revenue that fell far short of analyst expectations.

Atossa Genetics (Nasdaq: ATOS) extended its losses.

Investors locked in profits on LiveDeal (Nasdaq: LIVE).

In the broad market, declining issues outpaced advancers 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 lost 7 points to 2083. Bitcoin eased $1 to $310.
The markets closed modestly lower with the Dow slipping 15 points to 18,038 over concerns about the Greek economy after parliament failed to elect a new president. Nasdaq held steady at 4,806.

On the upside

Rite Aid (NYSE: RAD) will offer a rewards program for its wellness+ members.

Bargain hunters lifted shares of PhotoMedex (Nasdaq: PHMD).

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

On the downside

Retreating crude oil prices weighed down shares of Resolute Energy (NYSE: REN).

Twitter (NYSE: TWTR) insiders, including co-founder Evan Williams, sold nearly 1.2 million shares of the microblogging site.

Investors locked in profits on Freeport-McMoRan (NYSE: FCX).

In the broad market, advancing issues outpaced decliners by a margin of 7 to 5 on the NYSE while advances barely edged out decliners by a slim margin on Nasdaq. The broader S&P 500 added a point to 2090. Bitcoin eased $2 to $313.

Markets flat at midday

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The markets traded near the flatline during the midday with the Dow adding 3 points to 18,056. Nasdaq rose 4 points to 4,811.

On the upside

Revolution Lighting Technologies (Nasdaq: RVLT) entered a strategic distribution partnership with Fastenal.

Eclipse Resources (NYSE: ECR) will raise approximately $440 million through a private placement.

Shares of General Motors (NYSE: GM) rose after Cars.com said that December auto sales should climb to an eight-year high as gas prices remain low.

On the downside

Investors locked in profits on Atossa Genetics (Nasdaq: ATOS).

Hanwha SolarOne (Nasdaq: HSOL) filed a shareholder circular with the Securities and Exchange Commission related to its acquisition of Hanwha Q CELLS Investment.

Slipping gold prices weighed down share of Kinross Gold (NYSE: KGC).

In the broad market, advancing issues outpaced decliners by a margin of 5 to 3 on the NYSE and by nearly 10 to 9 on Nasdaq. The broader S&P 500 added 3 points to 2092. Bitcoin eased $1 to $313.

Flat open over Greek concerns

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The markets opened flat with the Dow adding 11 points to 18,065 after the Greek parliament failed to elect a new president. Nasdaq edged up a fraction to 4,807.

On the upside

LIveDeal (Nasdaq: LIVE) reported record revenue for 2014.

Gilead Sciences (Nasdaq: GILD) expanded its agreement with Janssen to develop and commercialize the single tablet HIV treatment Complera which contains Gilead's tenofovir alafenamide and emtriciitabine and Janssen's rilpivirine.

Activist investor Carl Icahn acquired a 7.8% stake in Manitowoc (NYSE: MTW).

On the downside

Shares of National Bank of Greece (NYSE: NBG) fell after the Greek parliament failed to elect a new president.

Needham downgraded Ambarella (Nasdaq: AMBA) from a Hold rating to an Underperform rating.

Needham downgraded RF Micro Devices (Nasdaq: RFMD) from a Buy rating to a Hold rating.

In the broad market, advancing issues outpaced decliners by a margin of nearly 2 to 1 on the NYSE and by nearly 5 to 4 on Nasdaq. The broader S&P 500 added 2 points to 2091. Bitcoin edged up a fraction to $315.

Dow rises to new record close

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It was another record close for the Dow with the blue chip index rising 23 points to 18,053. Investors were hopeful that consumer spending would continue to grow as crude oil prices extended its losses. Nasdaq climbed 33 points to 4,806.

On the upside

Short covering lifted shares of Voxeljet (NYSE: VJET).

Juno Therapeutics (Nasdaq: JUNO) extended its gains.

Shares of Synacor (Nasdaq: SYNC) continued climbing.

On the downside

Retreating crude oil prices weighed down shares of Key Energy Services (NYSE: KEG).

Shares of Bebe (Nasdaq: BEBE) continued to slip.

Investors locked in profits on SandRidge Energy (NYSE: SD).

In the broad market, advancing issues outpaced decliners by a margin of 2 to 1 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 rise 6 points to 2088. Bitcoin gained $10 to $328.

Higher open as crude oil rises

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Rising crude oil prices lifted the markets to a higher open with the Dow climbing 71 points to 18,102. Nasdaq gained 24 points to 4,798.

On the upside

Shares of Atossa Genetics (Nasdaq: ATOS) continued rising.

GoPro (Nasdaq: GPRO) stock extended its gains.

Rising crude oil prices lifted shares of ZaZa Energy (Nasdaq: ZAZA).

On the downside

Profit taking continued to weigh down shares of Herzfeld Caribbean Basin Fund (Nasdaq: CUBA).

Investors locked in profits on Achillion Pharmaceuticals (Nasdaq: ACHN).

Moody's placed Petrobras (NYSE: PBR) on review for a possible downgrade.

In the broad market, advancing issues outpaced decliners by a margin of more than 3 to 1 on the NYSE and by nearly 5 to 2 on Nasdaq. The broader S&P 500 gained 9 points to 2091. Bitcoin rose $5 to $323.

U. S. markets closed

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The markets are closed for Christmas.
The markets closed flat in a shortened Christmas Eve session with the Dow adding 6 points to 18,030. Nasdaq rose 8 points to 4,773.

On the upside

Zacks Small Cap Research wrote that Atossa Genetics (Nasdaq: ATOS) had great growth potential.

Deutsche Bank initiated coverage of Virgin America (Nasdaq: VA) with a Buy rating and a price target of $44 while Barclays initiated coverage with an Overweight rating. Cowen and Imperial Capital both initiated coverage with an Outperform rating.

The Wall Street Journal reported that non-bank lending in Europe climbed to a high of 73 deals which lifted shares of online lender LendingClub (NYSE: LC).

On the downside

Retreating crude oil prices weighed down shares of Oasis Petroleum (NYSE: OAS) and Warren Resources (Nasdaq: WRES).

Shares of oil field camp provider Civeo (NYSE: CVEO) fell as crude oil prices retreated.

Offshore drilling rig provider Paragon Offshore (NYSE: PGN) slipped as crude oil prices fell.

In the broad market, declining issues barely edged out advancers by a slim margin on the NYSE while advancers outpaced decliners by 7 to 5 on Nasdaq. The broader S&P 500 eased a fraction to 2081. Bitcoin fell $11 to $321.
An unexpected drop in first time applications for unemployment benefits lifted the markets to a higher open with the Dow gaining 42 points to 18,066. Nasdaq rose 17 points to 4,782.

On the upside

The Food and Drug Administration approved Actavis' (NYSE: ACT) and Adamas Pharmaceuticals' (Nasdaq: ADMS) dementia treatment Namzaric.

Bargain hunters lifted shares of Achillion Pharmaceuticals (Nasdaq: ACHN).

Shares of NQ Mobile (NYSE: NQ) extended its gains.

On the downside

Herzfeld Caribbean Basin Fund (Nasdaq: CUBA) president Thomas Herzfeld sold 200,000 shares of company stock.

CalAmp (Nasdaq: CAMP) reported a slight drop in third quarter earnings and revenue and forecast current quarter revenue that fell short of analyst expectations.

Retreating crude oil prices weighed down shares of Energy XXI (Nasdaq: EXXI).

In the broad market, declining issues outpaced advancers by a margin of 10 to 9 on the NYSE while advancing issues edged out decliners by more than 10 to 9 on Nasdaq. The broader S&P 500 added 2 points to 2084. Bitcoin slipped $4 to $328.

Another record close for the Dow

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Stronger than expected growth of the nation's economy lifted the Dow to another record close with the blue chip index climbing 64 points to 18,024. Nasdaq lost 16 points to 4,765.

On the upside

Rising crude oil prices lifted shares of Energy XXI (Nasdaq: EXXI).

The lockup period for GoPro (Nasdaq: GPRO) expired.

Shares of MGM Resorts International (NYSE: MGM) rose as improving consumer sentiment sparked speculation that casinos would experience greater demand.

On the downside

Global Hunter Securities downgraded Key Energy Services (NYSE: KEG) from a Neutral rating to a Reduce rating and cut its price target from $2.50 to $1.50.

Endo Pharmaceuticals and BioDelivery Sciences International (Nasdaq: BDSI) submitted a New Drug Application for their pain management drug Buprenorphine HCI Buccal Film to the Food and Drug Administration.

Investors locked in profits on Receptos (Nasdaq: RCPT).

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on the NYSE while advancing issues barely edged out decliners by a slim margin on Nasdaq. The broader S&P 500 added 3 points to 2082. Bitcoin rose $4 to $333.

Dow continues advance

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The Dow continued advancing during the midday with the blue chip index soaring 104 points to 18,063 as retail sales approached $10 billion on the Saturday before Christmas. Nasdaq slipped 9 points to 4,772.

On the upside

Chesapeake Energy (NYSE: CHK) completed the sale of assets in the Southern Marcellus Shale and a portion of the Eastern Utica Shale to Southwestern Energy (NYSE: SWN).

Shares of DryShips (Nasdaq: DRYS) continued climbing.

Petrobras (NYSE: PBR) announced its production rate for its deepwater sub-salt fields.

On the downside

Ariad Pharmaceuticals (Nasdaq: ARIA) entered an exclusive agreement for Otsuka Pharmaceutical to commercialize the leukemia treatment Iclusig in ten Asian countries but the stock price fell.

TheStreet's Adam Feuerstein listed Agios Pharmaceuticals (Nasdaq: AGIO) as one of the most expensive development-stage biopharmaceutical firms.

Health Canada approved AbbVie's (NYSE: ABBV) HOLKIRA PAK to treat patients with genotype 1 chronic hepatitis C but the stock price fell.

In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 2 on the NYSE and by nearly 5 to 4 on Nasdaq. The broader S&P 500 rose 6 points to 2084. Bitcoin rose $5 to $334.

Dow tops 18,000 on strong GDP

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The nation's economy grew at a strong 5% annual rate in the third quarter to lift the markets to a higher open with the Dow gaining 54 points to 18,013, topping 18,000 for the first time. Nasdaq edged up a point to 4,782.

On the upside

Vanda Pharmaceuticals (Nasdaq: VNDA) will regain all U.S. and Canadian rights to the schizophrenia treatment Fanapt from Novartis. Novartis will also make a $25 million equity investment in Vanda and grant Vanda an exclusive worldwide license to AQW051, a phase II alpha-7 nicotinic acetylcholine receptor partial agonist.

NQ Mobile (NYSE: NQ) will repurchase up to $80 million worth of common stock.

China Finance Online (Nasdaq: JRJC) widened losses for the third quarter but revenue surged.

On the downside

Shares of Ocwen Financial (NYSE: OCN) extended its losses.

Robert W. Baird downgraded Achillion Pharmaceuticals (Nasdaq: ACHN) from an Outperform rating to a Neutral rating.

Gilead Sciences (Nasdaq: GILD) stock continued to drop.

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 2 on the NYSE and by more than 7 to 5 on Nasdaq. The broader S&P 500 added 3 points to 2081. Bitcoin rose $2 to $331.

Dow leaps to new high

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The Dow shattered records again by leaping 154 points to close at a new high of 17,959. Nasdaq gained 16 points to 4,781.

On the upside

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

MoneyBeat noted that Juno Therapeutics (Nasdaq: JUNO) was the final initial public offering of 2014 and debuted with the highest market capitalization for a biotechnology company.

Brazilian president Dilma Rousseff said that the chief executive of Petrobras (Nasdaq: PBR) would not be replaced.

On the downside

Shares of NQ Mobile (NYSE: NQ) extended its losses.

Rex Energy (Nasdaq: REXX) slashed its 2015 capital budget and amended it credit facility.

Falling crude oil prices weighed down shares of Chesapeake Energy (NYSE: CHK).

In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 5 on the NYSE and by nearly 5 to 3 on Nasdaq. The broader S&P 500 rose 7 points to 2078. Bitcoin rose $9 to $330.

Gains extended even as home sales fall

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Existing home sales fell in November but the markets extended its gains during the midday with the Dow surging 100 points to 17,905. Nasdaq rose 13 points to 4,778.

On the upside

DryShips (Nasdaq: DRYS) elected three new directors to its board and appointed Ernst & Young as its independent auditor.

Radius Health (Nasdaq: RDUS) reported positive results from a Phase 3 clinical trial of abaloparatide-SC in reducing fractures in postmenopausal osteoporosis.

Shares of Herzfeld Caribbean Basin (Nasdaq: CUBA) continued soaring.

On the downside

Altisouce Portfolio Solutions (Nasdaq: ASPS) announced the departure of William C. Erbey as director and chairman of the board.

SGOCO Group (NYSE: SGOC) reported sharply lower interim revenue and a loss for the first half of the year.

Falling crude oil prices weighed down shares of Ultra Petroleum (NYSE: UPL).

In the broad market, advancing issues outpaced decliners by a margin of nearly 10 to 9 on the NYSE and by 5 to 4 on Nasdaq. The broader S&P 500 added 2 points to 2073. Bitcoin rose $9 to $330.
The markets opened sharply higher with the Dow soaring 98 points to 17,903 despite a drop in existing home sales. Nasdaq rose 9 points to 4,775.

On the upside

Achillion Pharmaceuticals (Nasdaq: ACHN) reported positive interim results from two studies supporting a short duration, potentially best-in-disease regimen of its proprietary NS5A and nucleotide inhibitors, ACH-3102 and ACH-3422.

ChinaNet Online Holdings (Nasdaq: CNET) entered a long-term strategic partnership agreement with MediaFun Creative.

TD Securities upgraded Blackberry (Nasdaq: BBRY) from a Hold rating to a Buy rating.

On the downside

Prescription drug benefit manager Express Scripts (Nasdaq: ESRX) will no longer cover Gilead Sciences' (Nasdaq: GILD) hepatitis C treatment Sovaldi beginning January 1.

Ocwen Financial (NYSE: OCN) agreed to a legal settlement with the New York Department of Financial Services. Founder and executive chairman William C. Erbey will resign and the company will pay $100 million to the Department of Financial Services and $50 million to borrowers who had foreclosure actions filed against them.

Retreating crude oil prices weighed down shares of SeaDrill (NYSE: SDRL).

In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 4 on the NYSE and by nearly 5 to 3 on Nasdaq. The broader S&P 500 added 2 points to 2073. Bitcoin rose $5 to $326.

Rising oil prices lift markets

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Crude oil prices rose to lift the markets to a higher close with the Dow climbing 26 points to 17,804. Nasdaq gained 16 points to 4,765.

On the upside

Recovering crude oil prices lifted shares of Swift Energy (NYSE: SFY).

Shares of Quiksilver (NYSE: ZQK) extended its gains.

Penn Virginia (Nasdaq: PVA) declared quarterly dividends on Series A and Series B convertible preferred stock.

On the downside

OncoGenex Pharmaceuticals (Nasdaq: OGXI) reported positive results from a Phase 2 Borealis-1 trial of its bladder cancer treatment apatorsen but the stock price fell.

RXi Pharmaceuticals (Nasdaq: RXII) entered an exclusive global license agreement to develop Samcyprone but the stock price fell.

Brown Shoe (NYSE: BWS) amended and extended its credit agreement.

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on the NYSE while advancers barely edged out decliners by a slim margin on Nasdaq. The broader S&P 500 gained 9 points to 2070. Bitcoin edged up a fraction to $314.

Mixed markets as investors press pause

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The markets traded mixed during the midday with the Dow slipping 9 points to 17,769 as investors pressed the pause button after two days of triple digit gains. Nasdaq rose 7 points to 4,755.

On the upside

Shares of Juno Therapeutics (Nasdaq: JUNO) surged in its market debut.

Herzfeld Caribbean Basin Fund (Nasdaq: CUBA) extended its gains.

Aratana Therapeutics (Nasdaq: PETX) reported positive results from a pivotal study of AT-001 in treating osteoarthritis pain in dogs.

On the downside

NQ Mobile (NYSE: NQ) widened losses for the third quarter and announced plans to sell its FL Mobile business to Tack Fiori International.

Slow growth in Nike's (NYSE: NKE) global futures orders weighed down share of Foot Locker (NYSE: FL).

Investors locked in profits on Bellicum Pharmaceuticals (Nasdaq: BLCM).

In the broad market, advancing issues outpaced decliners by a margin of more than 7 to 5 on the NYSE while advancers barely edged out decliners by a slim margin on Nasdaq. The broader S&P 500 added 2 points to 2064. Bitcoin added $2 to $316.

Higher open as oil prices rise

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The markets opened higher with the Dow rising 31 points to 17,809 as crude oil prices rose. Nasdaq gained 12 points to 4,760.

On the upside

Third quarter earnings slipped for Red Hat (NYSE: RHT) but  the results were better than expected as revenue rose.

Credit Suisse lifted its price target on Pier 1 Imports (NYSE: PIR) from $13 to $15.

CarMax (NYSE: KMX) reported higher third quarter earnings and revenue that beat analyst expectations.

On the downside

ImmunoGen (Nasdaq: IMGN) announced that development partner Roche reported disappointing Phase III MARIANNE study results for three HER2-targeted regimens to treat HER2-positive metastatic breast cancer.

Teekay Tankers (NYSE: TNK) priced its public offering of 20 million common shares at the discounted price of $4.80 per share.

Finish Line (Nasdaq: FINL) disappointed with third quarter earnings that fell short of analyst expectations.

In the broad market, advancing issues outpaced decliners by a margin of nearly 10 to 9 on the NYSE and by nearly 2 to 1 on Nasdaq. The broader S&P 500 added 2 points to 2063. Bitcoin eased $1 to $312.

Fed comments spark Santa Claus rally

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The Santa Claus rally came early this year with the Dow vaulting 421 points to 17,778 after the Federal Reserve indicated yesterday that rates would remain low for a considerable time. Nasdaq rocketed 104 points to 4,748.

On the upside

Wedbush Securities upgraded OvaScience (Nasdaq: OVAS) from a Neutral rating to an Outperform rating and raised its price target from $22 to $47.

GlaxoSmithKline (NYSE: GSK) reported positive results from a Phase 3 study of its shingles vaccine HZ/su which contained Agenus' (Nasdaq: AGEN) adjuvant QS-21 Stimulon(R).

Tetraphase Pharmaceuticals (Nasdaq: TTPH) reported upbeat results from a Phase 3 IGNITE 1 clinical trial of eravacycline to treat complicated intra-abdominal infection.

On the downside

The Wall Street Journal reported that RCS Capital (NYSE: RCAP) chairman Nicholas Schorsch has been sued for his role in an accounting scandal at American Realty Capital Properties (Nasdaq: ARCP).

RBC Capital Markets downgraded Mid-Con Energy Partners (Nasdaq: MCEP) from an Outperform rating to a Sector Perform rating.

Investor locked in profits on Linn Energy (Nasdaq: LINE).

In the broad market, advancing issues outpaced decliners by a margin of more than 4 to 1 on the NYSE and by more than 3 to 1 on Nasdaq. The broader S&P 500 jumped 48 points to 2061. Bitcoin fell $9 to $311.
Investors embraced comments made yesterday by Federal Reserve chair Janet Yellen that interest rates would remain low for a considerable time. The markets extended its gains during the midday with the Dow rocketing 299 points to 17,656. Nasdaq leaped 85 points to 4,730.

On the upside

RBC Capital Markets upgraded Key Energy Services (NYSE: KEG) from a Sector Perform rating to an Outperform rating.

Shares of Bellicum Pharmaceuticals (Nasdaq: BLCM) surged in its market debut.

The Internal Revenue Service dropped its challenge to the tax refunds that had been received by First Marblehead (NYSE: FMD).

On the downside

Comstock Resources (NYSE: CRK) suspended oil drilling activity in its Eagle Ford shale properties and postponed drilling activity in the Tuscaloosa Marine shale.

Retreating crude oil prices weighed down shares of Midstates Petroleum (NYSE: MPO) and Swift Energy (NYSE: SFY).

Second quarter earnings rose for Worthington Industries (NYSE: WOR) but the results fell short of analyst expectations.

In the broad market, advancing issues outpaced decliners by a margin of more than 4 to 1 on the NYSE and by more than 3 to 1 on Nasdaq. The broader S&P 500 leaped 34 points to 2047. Bitcoin lost $6 to $315.

Markets soar on Yellen's comments

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Comments by Federal Reserve chair Janet Yellen that interest rates would remain low for a considerable time sent the markets soaring to a sharply higher open with the Dow leaping 239 points to 17,596. Nasdaq jumped 71 points to 4,716.

On the upside

Rite Aid (NYSE: RAD) reported higher third quarter earnings and revenue prompting the company to lift its full year outlook.

VimpelCom (Nasdaq: VIP) launched its Make Your Mark initiative.

Shares of Mobile Telesystems (NYSE: MBT) climbed as the ruble recovered some of its losses.

On the downside

Dunkin' Brands Group (Nasdaq: DNKN) forecast fiscal 2015 results that fell short of analyst expectations.

Winnebago Industries (NYSE: WGO) disappointed with lower first quarter earnings that missed estimates.

Silicon Image (Nasdaq: SIMG) warned of lower revenue in 2015 prompting a downgrade.

In the broad market, advancing issues outpaced decliners by a margin of more than 6 to 1 on the NYSE and by nearly 7 to 2 on Nasdaq. The broader S&P 500 soared 29 points to 2042. Bitcoin lost $8 to $312.

Markets surge as rates remain low

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The markets surged to close sharply higher with the Dow rocketing 288 points to 17,356 as the Federal Reserve indicated that interest rates would remain low for a considerable time. Nasdaq leaped 96 points to 4,644.

On the upside

Rebounding crude oil prices lifted shares of Sanchez Energy (NYSE: SN) and Swift Energy (NYSE: SFY).

Global Hunter Securities upgraded Approach Resources (Nasdaq: AREX) from a Sell rating to a Neutral rating.

Bloomberg reported that Shire (Nasdaq: SHP) was exploring a possible acquisition of NPS Pharmaceuticals (Nasdaq: NPSP).

Rising oil prices lifted shares of oil services firm Halliburton (NYSE: HAL) and offshore drilling contractors SeaDrill (NYSE: SDRL) and Transocean (NYSE: RIG).

On the downside

New York's Gaming Facility Location Board approved Empire Resorts' (Nasdaq: NYNY) proposal to build a casino in the Catskills but the stock price fell over concerns that nationwide gambling revenue growth has slowed.

Pozen (Nasdaq: POZN) received a second complete response letter from the Food and Drug Administration for its YOSPRALA 81/40 and 325/40 delayed release tablets.

In the broad market, advancing issues outpaced decliners by a margin of nearly 8 to 1 on the NYSE and by nearly 4 to 1 on Nasdaq. The broader S&P 500 jumped 40 points to 2012. Bitcoin lost $8 to $320.

Markets extend gains as oil rebounds

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The markets extended its gains during the midday with the Dow surging 138 points to 17,207 as crude oil prices rebounded. Nasdaq climbed 35 points to 4,583.

On the upside

The possibility of normalizing relations with Cuba lifted shares of Herzfeld Caribbean Basin Fund (Nasdaq: CUBA).

Shares of On Deck Capital (NYSE: ONDK) surged in its market debut.

The Food and Drug Administration approved Cerus' (Nasdaq: CERS) INTERCEPT Blood System for plasma.

On the downside

B/E Aerospace (Nasdaq: BEAV) completed the spin-off of KLX.

Coeur Mining (NYSE: CDE) will acquire Paramount Gold and Silver in an all-stock transaction valued at approximately $146 million.

Ruby Tuesday (NYSE: RT) reported a drop in second quarter same-restaurant sales and same-restaurant guest count.

In the broad market, advancing issues outpaced decliners by a margin of more than 4 to 1 on the NYSE and by nearly 3 to 1 on Nasdaq. The broader S&P 500 soared 19 points to 1992. Bitcoin fell $10 to $318.

Higher open ahead of Fed meeting

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The markets opened higher with the Dow climbing 60 points to 17,129 ahead of the Federal Reserve's final policy meeting of the year. Nasdaq gained 17 points to 4,565.

On the upside

Philips offered a premium of approximately $1 billion to acquire Volcano (Nasdaq: VOLC).

Auspex Pharmaceuticals (Nasdaq: ASPX) reported positive results from a Phase 3 clinical trial of SD-809 for treating chorea associated with Huntington's disease.

Microsoft (Nasdaq: MSFT) extended the terms of its Microsoft Operations Digial Distribution Agreement with Digital River (Nasdaq: DRIV).

On the downside

Credit Suisse slashed its price target on Cliffs Natural Resources (NYSE: CLF) from $10 to $1.

Novogen (Nasdaq: NVGN) announced a private placement of approximately 32.85 million common shares to raise A$4.1 million.

MGM Resorts International (NYSE: MGM) settled a breach of contract suit that was filed by Tutor Perini (NYSE: TPC).

In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 2 on the NYSE and by more than 2 to 1 on Nasdaq. The broader S&P 500 climbed 13 points to 1986. Bitcoin lost $8 to $319.
Retreating crude oil prices along with concerns about the Russian economy sent the markets tumbling to a sharply lower close with the Dow plunging 111 points to 17,068. Nasdaq plummeted 57 points to 4,547.

On the upside

Robert W. Baird downgraded Linn Energy (Nasdaq: LINE) from an Outperform rating to a Neutral rating and slashed it price target from $21 to $10 but the stock price soared.

Warren Resources (Nasdaq: WRES) will ring the Nasdaq opening bell on Wednesday, December 17, 2014.

Repsol's $8.3 billion acquisition of Talisman Energy (NYSE: TLM) lifted shares of Oasis Petroleum (NYSE: OAS).

On the downside

Navistar International (NYSE: NAV) narrowed losses for the fourth quarter but the results fell far short of analyst expectations.

China Finance Online (Nasdaq: JRJC) launched a beta test for its Investment Advisory Service Platform but the stock price fell.

Concerns about the Russian economy weighed down shares of Mobile Telesystems (NYSE: MBT).

In the broad market, declining issues outpaced advancers by a margin of nearly 7 to 5 on the NYSE and by nearly 5 to 4 on Nasdaq. The broader S&P 500 tumbled 16 points to 1972. Bitcoin lost $3 to $325.

Mixed open as ruble collapses

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The markets opened mixed with the Dow rising 26 points to 17,207 while Nasdaq lost 15 points to 4,589 as the ruble collapsed.

On the upside

Repsol offered a premium of approximately $8.3 billion in cash to acquire Talisman Energy (NYSE: TLM).

Novogen (Nasdaq: NVGN) announced that its TRXE-009 has been highly effective against melanoma in pre-clinical studies.

Salix Pharmaceuticals (Nasdaq: SLXP) will work with its wholesale partners to reduce inventories.

On the downside

Share of Yandex (Nasdaq: YNDX) tumbled as the value of the ruble plunged.

Frontline (NYSE: FRO) entered debt-for-equity exchange.

The Data and Safety Monitoring Board determined that Cyclacel Pharmaceuticals' (Nasdaq: CYCC) ongoing Phase 3 study of sapacitabine was not likely to statistically significant improvement in survival.

In the broad market, declining issues outpaced advancers by a margin of 5 to 4 on the NYSE and by nearly 10 to 9 on Nasdaq. The broader S&P 500 eased a point to 1987. Bitcoin fell $11 to $331.

Flat open as oil continues slide

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The markets opened flat with the Dow holding steady at 17,280 despite a gain in factory production as crude oil prices continued to slide. Nasdaq eased a fraction to 4,652.

On the upside

Talisman Energy (NYSE: TLM) confirmed that engaged in discussions with Repsol for a possible transaction.

Barclays upgraded Cirrus Logic (Nasdaq: CRUS) from an Underweight rating to an Overweight rating and lifted its price target from $18 to $28.

Riverbed Technology (Nasdaq: RVBD) will be taken private by Thoma Bravo and a Canadian teacher pension fund for approximately $3.6 billion.

On the downside

Sophiris Bio (Nasdaq: SPHS) reported that an efficacy threshold was not achieved in an ongoing Phase 3 "PLUS-1" trial of PRX302 to treat lower urinary tract symptoms of benign prostatic hyperplasia.

Investors continued to lock in profits on Momo (Nasdaq: MOMO).

Shares of Linn Energy (Nasdaq: LINE) extended its losses as crude oil prices continued to slide.

In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 2 on the NYSE and by nearly 5 to 2 on Nasdaq. The broader S&P 500 rose 6 points to 2009. Bitcoin added $3 to $345.
The continued decline of crude oil prices along with concerns about the Chinese economy sent the markets plunging to a sharply lower close with the Dow collapsing 315 points to 17,280. Nasdaq plummeted 54 points to 4,653.

On the upside

Oncothyreon (Nasdaq: ONTY) reported positive preliminary data from two ongoing Phase 1b studies of ONT-380 to treat metastatic breast cancer.

China HGS Real Estate (Nasdaq: HGSH) reported sharply higher full year earnings and revenue.

Shares of Calithera Biosciences (Nasdaq: CALA) continued to soar.

On the downside

Shares of Midstates Petroleum (NYSE: MPO) continued falling.

Esterline Technologies (NYSE: ESL) fell to a loss for the fourth quarter.

Heritage-Crystal Clean (Nasdaq: HCCI) priced its public offering of 3.1 million share of common stock at the discounted price of $10 per share.

In the broad market, declining issues outpaced advancers by a margin of nearly 4 to 1 on the NYSE and by nearly 5 to 2 on Nasdaq. The broader S&P 500 plunged 33 points to 2002. Bitcoin rose $7 to $351.
The markets extended its losses during the midday with the Dow plummeting 165 points to 17,430 as factory growth slowed in China. Nasdaq lost 5 points to 4,702.

On the upside

Shares of Hortonworks (Nasdaq: HDP) surged in its market debut.

New Relic (NYSE: NEWR) stock soared on its first trading day.

Quicksilver (NYSE: ZQK) narrowed losses for the fourth quarter.

On the downside

Adobe's (Nasdaq: ADBE) acquisition of royalty-free stock photography company Fotolia sent shares of Shutterstock (NYSE: SSTK) plummeting.

Falling crude oil prices weighed down shares of Key Energy Services (NYSE: KEG).

Shares of Eagle Rock Energy Partners (Nasdaq: EROC) fell as crude oil prices continued to retreat.

In the broad market, declining issues outpaced advancers by a margin of nearly 7 to 3 on the NYSE and by nearly 3 to 2 on Nasdaq. The broader S&P 500 fell 11 points to 2023. Bitcoin rose $7 to $352.
Crude oil prices continued to drop sending the markets tumbling to a sharply lower open with the Dow plunging 113 points to 17,483. Nasdaq lost 10 points to 4,697.

On the upside

ChemoCentryx (Nasdaq: CCXI) reported positive results from a Phase II clinical trial in diabetic nephropathy with CCX140.

Repsol engaged in negotiations to acquire Talisman Energy (NYSE: TLM).

Adobe Systems (Nasdaq: ADBE) reported higher third quarter earnings and revenue that topped analyst estimates and announced plans to buy privately held Fotolia.

On the downside

The Wall Street Journal reported that Caesars Entertainment (Nasdaq: CZR) reached a tentative debt restructuring agreement with senior bond holders for its Caesars Entertainment Operating unit.

Conn's (Nasdaq: CONN) extended its losses.

Windstream Holdings (Nasdaq: WIN) named Tony Thomas to the position of chief executive officer.

In the broad market, declining issues outpaced advancers by a margin of more than 4 to 1 on the NYSE and by nearly 5 to 2 on Nasdaq. The broader S&P 500 lost 7 points to 2028. Bitcoin rose $5 to $350.
Despite a drop in crude oil prices to its lowest level in five years, the markets closed higher with the Dow gaining 63 points to 17,596 on upbeat retail sales. Nasdaq climbed 24 points to 4,708.

On the upside

The Advisory Board (Nasdaq: ABCO) will pay approximately $850 million in cash and stock to buy Royall & Co.

Shares of Calithera Biosciences (Nasdaq: CALA) continued to soar.

Women's Health USA selected athenahealth (NYSE: ATHN) to support its providers.

On the downside

Shares of Breitburn Energy Partners (Nasdaq: BBEP) and Petrobras (NYSE: PBR) fell as crude oil prices settled below $60 a barrel for the first time in five years.

Freeport-McMoRan (NYSE: FCX) resumed copper processing at its Arizona facility but the stock price fell.

MEI Pharma (Nasdaq: MEIP) will offer up to $45 million worth of common stock through a public offering.

In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 5 on the NYSE and by nearly 3 to 2 on Nasdaq. The broader S&P 500 rose 9 points to 2035. Bitcoin held steady at $344.

Markets soar on upbeat retail sales

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Upbeat November retail sales sent the markets soaring with the Dow jumping 163 points to 17,696. Nasdaq surged 57 points to 4,741.

On the upside

LendingClub (NYSE: LC) surged in its market debut.

Shares of TG Therapeutics (Nasdaq: TGTX) extended its gains.

Bargain hunters lifted shares of Walter Energy (NYSE: WLT).

On the downside

Credit Suisse downgraded Ariad Pharmaceuticals (Nasdaq: ARIA) from a Neutral rating to an Underperform rating and cut its price target from $8 to $6.

Methode Electronics (NYSE: MEI) reported higher second quarter earnings and revenue that surpassed analyst expectations but the stock price tumbled.

Fiat Chrysler (NYSE: FCAU) priced its offering of 87 million common shares.

In the broad market, advancing issues outpaced decliners by a margin of nearly 3 to 1 on the NYSE and by more than 5 to 2 on Nasdaq. The broader S&P 500 surged 21 points to 2048. Bitcoin gained $7 to $352.

Strong retail sales boost markets

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A stronger than expected gain in November retail sales lifted the markets to a sharply higher open with the Dow leaping 190 points to 17,723. Nasdaq soared 63 points to 4,747.

On the upside

The Wall Street Journal reported that Starboard Value increased its stake in Office Depot (Nasdaq: ODP) from 8.6% to approximately 10%.

The Wall Street Journal reported that Starboard Value acquired an approximately 6% stake in Staples (Nasdaq: SPLS).

Restoration Hardware (NYSE: RH) reported sharply higher third quarter earnings that topped analyst estimates.

On the downside

Political and economic instability in Greece weighed down shares of National Bank of Greece (NYSE: NBG).

SandRidge Energy (NYSE: SD) extended its losses.

Lakeland Industries (Nasdaq: LAKE) widened losses for the third quarter.

In the broad market, advancing issues outpaced decliners by a margin of 7 to 2 on both the NYSE and on Nasdaq. The broader S&P 500 surged 21 points to 2047. Bitcoin gained $9 to $354.

Markets tank on OPEC forecast cut

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The markets went into a tailspin with the Dow tanking 268 points to 17,533 after OPEC cut its 2015 production forecast. Nasdaq collapsed 82 points to 4,684.

On the upside

Calithera Biosciences (Nasdaq: CALA) reported data that supports glutaminase as a potential target in triple negative breast cancer.

Layne Christensen (Nasdaq: LAYN) narrowed third quarter losses more than expected as revenue rose and the company appointed Michael J. Caliel to the position of president and chief executive officer.

RBC Capital Markets upgraded Burger King (NYSE: BKW) from a Sector Perform to an Outperform rating.

On the downside

Vaalco Energy (NYSE: EGY) shut in the Etame-8 well after discovering that the well was producing hydrogen sulfide.

CHC Group (NYSE: HELI) widened losses for the second quarter.

Moody's changed its outlook on Conn's (Nasdaq: CONN) to negative.

In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 1 on both the NYSE and on Nasdaq. The broader S&P 500 plummeted 33 points to 2026. Bitcoin slipped $3 to $345.

Retreating energy sector sinks markets

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The market extended its losses during the midday with the Dow collapsing 233 points to 17,567 as the energy sector continued to retreat. Nasdaq plummeted 63 points to 4,703.

On the upside

LIfeNet Health appointed Novadaq Technologies (Nasdaq: NVDQ) as the exclusive worldwide distributor of LifeNet Health's DermACELL tissue products.

Neurocrine Biosciences (Nasdaq: NBIX) announced that its corticotropin releasing factor 1 receptor antagonist NBI-77860 entered clinical trials to treat classic congenital adrenal hyperplasia disease.

Shares of Lakeland Industries (Nasdaq: LAKE) climbed ahead of its earnings release today after market close.

On the downside

Falling crude oil prices weighed down shares of Goodrich Petroleum (NYSE: GDP) and Penn West Petroleum (NYSE: PWE).

Scorpio Bulkers (NYSE: SALT) extended its losses.

Shares of oilfield temporary housing provider Civeo (NYSE: CVEO) fell as crude oil prices continued to fall.

In the broad market, declining issues outpaced advancers 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 plunged 27 points to 2032. Bitcoin slipped $2 to $346.
OPEC cut its production forecast for 2015 amidst slowing global consumption sending the markets tumbling to a sharply lower open with the Dow plunging 115 points to 17,685. Nasdaq fell 17 points to 4,748.

On the upside

Mobile application security provider Bangcle will incorporate CYREN's (Nasdaq: CYRN) antivirus technology in its security app shield.

Sunesis Pharmaceuticals (Nasdaq: SNSS) extended its gains.

Barclays upgraded American Airlines (Nasdaq: AAL) from an Equal Weight rating to an Overweight rating.

On the downside

Falling crude oil prices weighed down shares of Linn Energy (Nasdaq: LINE) and Oasis Petroleum (NYSE: OAS).

Lands' End (Nasdaq: LE) reported higher third quarter earnings but revenue fell as same store sales dropped.

Oppenheimer downgraded Sprint (NYSE: S) from a Perform rating to an Underperform rating.

In the broad market, declining issues outpaced advancers by a margin of 3 to 1 on the NYSE and by more than 2 to 1 on Nasdaq. The broader S&P 500 fell 12 points to 2047. Bitcoin held steady at $348.

Mixed close over economic concerns

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Concerns about the Greek economy tempered enthusiasm for an upbeat jobs report. The markets closed mixed with the Dow losing 51 points to 17,801 while Nasdaq gained 25 points to 4,766.

On the upside

Recovering crude oil prices lifted shares of energy companies Comstock Resources (NYSE: CRK), Halcon Resources (NYSE: HK) and Stone Energy (NYSE: SGY).

Sangamo Biosciences (Nasdaq: SGMO) extended its gains.

Crude oil prices edged up to lift shares of oilfield services firm Seventy Seven Energy (NYSE: SSE).

On the downside

Profit taking weighed down shares of Karyopharm Therapeutics (Nasdaq: KPTI).

Verizon Communications (NYSE: VZ) warned that pricing pressure from rivals would negatively impact fourth quarter earnings prompting a downgrade.

T-Mobile (NYSE: TMUS) will offer more than 17.39 million shares of Mandatory Convertible Preferred Stock.

In the broad market, advancing issues outpaced decliners by a margin of 3 to 2 on the NYSE and by nearly 7 to 3 on Nasdaq. The broader S&P 500 held steady at 2059. Bitcoin fell $13 to $349.

Job openings climb, markets recover

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The markets recovered early morning losses to trade mixed during the midday with the Dow tumbling 90 points to 17,762 as job openings climbed to a 13-year high. Nasdaq rose 7 points to 4,747.

On the upside

PetroQuest Energy (NYSE: PQ) made a significant discovery at its Thunder Bayou Project in Vermilion Parish, Louisiana.

PDC Energy (Nasdaq: PDCE) established a capital budget for 2015 of approximately $557 million and forecast production growth of approximately 50%.

Bloomberg reported that Banco Santander (NYSE: SAN) was exploring a possible acquisition of Santander Consumer USA (NYSE: SC).

On the downside

UTi Worldwide (Nasdaq: UTIW) widened third quarter losses more than expected as revenue fell and announced the resignation of chief executive officer Eric Kirchner.

Raymond James downgraded Spirit Airlines (Nasdaq: SAVE) from an Outperform rating to a Market Perform rating.

Investors locked in profits on Idera Pharmaceuticals (Nasdaq: IDRA).

In the broad market, declining issues barely edged out advancers by a slim margin on the NYSE while advancers outpaced declines by 3 to 2 on Nasdaq. The broader S&P 500 lost 6 points to 2053. Bitcoin fell $14 to $347.
Concerns about the impact that low crude oil prices would have on the global economy sent the markets plunging to a sharply lower open with the Dow collapsing 194 points to 17,658. Nasdaq plummeted 55 points to 4,684.

On the upside

Shares of Bluebird Bio (Nasdaq: BLUE) extended its gains.

Talisman Energy (NYSE: TLM) acknowledged that it had been approached by Repsol and other companies over possible transactions.

Bargain hunters lifted shares of Goodrich Petroleum (NYSE: GDP).

On the downside

Conns (Nasdaq: CONN) fell to an unexpected loss for the third quarter, withdrew its full year earnings forecast and announced the resignation of chief financial officer Brian Taylor.

Shares of National Bank of Greece (NYSE: NBG) fell after Greece's prime minister Antonis Samaris called for a presidential election next week.

Profit taking continued to sink shares of Plug Power (Nasdaq: PLUG).

In the broad market, declining issues outpaced advancers by a margin of 5 to 2 on the NYSE and by more than 5 to 2 on Nasdaq. The broader S&P 500 tumbled 19 points to 2040. Bitcoin dropped $19 to $342.
Crude oil prices fell to a five-year low sending the markets plunging to a sharply lower close with the Dow plummeting 106 points to 17,852. Nasdaq tumbled 40 points to 4,740.

On the upside

Merck's (NYSE: MRK) acquisition of Cubist Pharmaceuticals (Nasdaq: CBST) lifted shares of fellow antibiotic developer Cempra (Nasdaq: CEMP).

Investor interest in CAR-T cancer immunotherapy lifted shares of Bluebird Bio (Nasdaq: BLUE) and Celgene (Nasdaq: CELG), which partnered to develop CAR-T therapies through a joint venture.

Norbord's acquisition of Ainsworth Lumber lifted shares of building products manufacturer Louisiana-Pacific (NYSE: LPX).

On the downside

Goodrich Petroleum (NYSE: GDP), Sanchez Energy (NYSE: SN) and Mill Energy Resources (NYSE: MILL) as fell as crude oil prices dropped to its lowest level in five years.

Oilfield services provider Seventy Seven Energy (NYSE: SSE) tumbled.

Shares of oil and gas engineering firm McDermott International (NYSE: MDR) dropped.

In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 2 on the NYSE and by nearly 3 to 1 on Nasdaq. The broader S&P 500 dropped 15 points to 2060. Bitcoin lost $8 to $363.
Crude oil prices continued to slide sending the markets down during the midday with the Dow falling 61 points to 17,897. Nasdaq dropped 29 points to 4,751.

On the upside

Sunesis Pharmaceuticals (Nasdaq: SNSS) will present data from a Phase 3 VALOR trial of vosaroxin and cytarabine in patients with relapsed or refractory acute myeloid leukemia at the 56th American Society of Hematology Annual Meeting tomorrow.

Isis Pharmaceuticals (Nasdaq: ISIS) reported positive Phase 2 data for its venous thromboembolic event prevention treatment ISIS-FXI.

Acceleron Pharma (Nasdaq: XLRN) presented upbeat preliminary data from a Phase 2 clinical trial of its beta-thalassemia treatment luspatercept.

On the downside

Falling crude oil prices weighed down shares of independent oil and gas companies Breitburn Energy Partners (Nasdaq: BBEP), Legacy Reserves (Nasdaq: LGCY) and Rex Energy (Nasdaq: REXX).

Offshore drilling services providers North Atlantic Drilling (NYSE: NADL) and SeaDrill (NYSE: SDRL) fell as crude oil prices retreated.

Shares of DryShips (Nasdaq: DRYS) tumbled. The company's recent revenue growth stemmed partly from drilling contracts.

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 lost 9 points to 2065. Bitcoin lost $7 to $365.

Mixed open as crude oil falls

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The markets opened mixed with the Dow slipping 5 points to 17,953 while Nasdaq rose 10 points to 4,791 as crude oil prices continued to fall.

On the upside

Merck (NYSE: MRK) will pay a premium of approximately $8.4 billion to buy Cubist Pharmaceuticals (Nasdaq: CBST).

BioLineRx (Nasdaq: BLRX) reported positive data from an ongoing Phase 2a study of its relapsed or refractory acute myeloid leukemia treatment BL-8040.

Shares of Noah Holdings (NYSE: NOAH) continued rising.

On the downside

Prospect Capital (Nasdaq: PSEC) suspended at-the-market equity issuances indefinitely and lowered its monthly cash dividends.

Digital River (Nasdaq: DRIV) extended the deadline for Microsoft (Nasdaq: MSFT) to decide whether Microsoft would extend the expiration date of the Microsoft Operations Digital Distribution Agreement between the two companies.

The Department of Defense extended its surplus property sales contract with Liquidity Services (Nasdaq: LQDT) by two months.

In the broad market, declining issues outpaced advancers by a margin of 3 to 2 on the NYSE and by more than 9 to 7 on Nasdaq. The broader S&P 500 held steady at 2075. Bitcoin lost $7 to $365.

Surge in hiring lifts markets

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A surge of hiring in November lifted the markets to a higher close with the Dow gaining 58 points to 17,964. Nasdaq climbed 11 points to 4,780.

On the upside

Speculation that the Federal Reserve would soon raise interest rates lifted shares of Bank of America (NYSE: BAC).

Vitesse Semiconductor (Nasdaq: VTSS) narrowed losses for the third quarter.

Foamix Pharmaceuticals (Nasdaq: FOMX) will present a corporate review and business update at the Oppenheimer & Co., Inc.'s 25th Annual Healthcare Conference next week.

On the downside

Sirius XM (Nasdaq: SIRI) will pay approximately $3.8 million to settle contract complaints.

Alcoa (NYSE: AA) introduced its patented Alcoa Micromill technology to manufacture aluminum sheets for automobiles but the stock price fell.

Barrick Gold (NYSE: ABX) extended its losses.

In the broad market, advancing issues outpaced decliners by a margin of 10 to 9 on the NYSE and by nearly 2 to 1 on Nasdaq. The broader S&P 500 added 3 points to 2075. Bitcoin rose $7 to $373.

Markets advance on strong jobs data

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The markets advanced during the midday with the Dow climbing 64 points to 17,964 on strong jobs data. Nasdaq rose 12 points to 4,781.

On the upside

Silicon Image (Nasdaq: SIMG) launched new subsidiary Qterics to provide Internet of Everything initiatives.

Shares of Array BioPharma (Nasdaq: ARRY) continued rising.

Arrowhead Research (Nasdaq: ARWR) appointed Patrick O'Brien to the position of general counsel.

On the downside

Investors locked in profits on RADA Electronic Industries (Nasdaq: RADA).

Rally Software Development (NYSE: RALY) widened third quarter losses.

Global Partners (NYSE: GLP) priced its public offering of 3.565 million common units at the discounted price of $40.24 per unit.

In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 4 on the NYSE and by nearly 2 to 1 on Nasdaq. The broader S&P 500 rose 4 points to 2076. Bitcoin added $4 to $370.

Strong jobs data lifts markets

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Strong jobs data lifted the markets to a higher open with the Dow gaining 54 points to 17,954. Nasdaq rose 10 points to 4,779.

On the upside

Alaska Communications Systems Group (Nasdaq: ALSK) sold its remaining wireless assets to GCI Communications (Nasdaq: GNCMA) for $300 million.

Francesca's (Nasdaq: FRAN) named Michael W. Barnes to the position of chairman, president and chief executive.

OpenText will pay a premium of approximately $330 million to acquire Actuate (Nasdaq: BIRT).

On the downside

American Eagle Outfitters (NYSE: AEO) reported sharply lower third quarter earnings and forecast current quarter earning below expectations.

Five Below (Nasdaq: FIVE) reported higher third quarter earnings and revenue and named Joel Anderson to the position of president and chief executive officer effective February 1, 2015.

Big Lots (NYSE: BIG) reported a wider than expected loss for the third quarter.

In the broad market, advancing issues outpaced decliners by a margin of more than 9 to 7 on the NYSE and by nearly 5 to 2 on Nasdaq. The broader S&P 500 added 3 points to 2075. Bitcoin rose $5 to $371.

Lower close as ECB fails to act

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The markets closed lower with the Dow slipping 12 points to 17,900 after the ECB failed to enact additional stimulus measures at its last meeting of the year. Nasdaq lost 5 points to 4,769.

On the upside

The Justice Department's finding that Cleveland Police officers use excessive force lifted shares of body camera maker Digital Ally (Nasdaq: DGLY).

Fourth quarter earnings fell for Avago Technolgies (Nasdaq: AVGO) but the results were better than expected.

RCS Capital (NYSE: RCAP) settled a suit brought against the company by American Realty Capital Properties (Nasdaq: ARCP).

On the downside

Investors locked in profits on MOL Global (Nasdaq: MOLG).

Bloomberg reported that Starz (Nasdaq: STRZA) was unable to sell itself and now must explore other options.

FX Energy (NYSE: FXEN) will plug and abandon the Angowice-1 well after drilling to 3,880 meters and discovering nothing of significance.

In the broad market, declining issues outpaced advancers 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 2071. Bitcoin lost $4 to $368.

Flat markets on ECB's indecision

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The markets traded flat during the midday with the Dow slipping 3 points to 17,909 as the European Central Bank delayed making a decision whether or not it would enact additional stimulus measures. Nasdaq added 2 points to 4,776.

On the upside

RADA Electronics (Nasdaq: RADA) will supply MHR-based tactical radars to an unnamed ministry of defense for its national alert system.

Third quarter earnings slipped for Tilly's (NYSE: TLYS) but the results were better than expected.

Enbridge (NYSE: ENB) increased it dividend and will restructure its Canadian Liquids Pipelines business to it Canadian affiliate Enbridge Income Fund.

On the downside

Falling crude oil prices weighed down shares of Talisman Energy (NYSE: TLM).

Kindred Biosciences (Nasdaq: KIN) terminated its AtoKin study.

Third quarter earnings edged up for Christopher & Banks (NYSE: CBK) but revenue fell to miss expectations and the women's apparel retailer forecast current quarter revenue below estimates.

In the broad market, declining issues outpaced advancers by a margin of more than 3 to 2 on the NYSE and by more than 10 to 9 on Nasdaq. The broader S&P 500 held steady at 2073. Bitcoin lost $4 to $368.
The markets opened lower with the Dow falling 56 points to 17,856 as the European Central Bank delayed its decision to implement additional stimulus measures. Nasdaq added 3 points to 4,778.

On the upside

Array BioPharma (Nasdaq: ARRY) will regain worldwide rights to binimetinib and receive an upfront payment of up to $85 million from Novartis.

NextEra Energy will acquire Hawaiian Electric Industries (NYSE: HE) in a deal valued at approximately $4.3 billion including the assumption of debt.

Plug Power (Nasdaq: PLUG) will supply a telecommunications provider with its ReliOn integrated fuel cell solution and GenFuel hydrogen services.

On the downside

Aeropostale (NYSE: ARO) widened losses for the third quarter as revenue fell and forecast a larger than expected loss for the current quarter.

Cliffs Natural Resources (NYSE: CLF) terminated its tender offers for certain senior notes.

Express (NYSE: EXPR) reported lower third quarter earnings and revenue and forecast current quarter earnings below expectations.

In the broad market, declining issues outpaced advancers by a margin of more than 5 to 3 on the NYSE and by more than 7 to 5 on Nasdaq. The broader S&P 500 slipped 3 points to 2070. Bitcoin lost $6 to $367.
Expansion in the service sector lifted the markets to a higher close with the Dow rising 33 points to 17,912. Nasdaq gained 18 points to 4,774.

On the upside

UTi Worldwide (Nasdaq: UTIW) entered a strategic partnership with Beijing Changjiu Logistics.

Technical Communications (Nasdaq: TCCO) received a $3.3 million contract to provide the Egyptian government with the company's DSD 72A-SP military bulk encryption systems, training and support. 

Idera Pharmaceuticals (Nasdaq: IDRA) reported positive preclinical data for its cancer treatment IMO-2055.

On the downside

Ziopharm Oncology (Nasdaq: ZIOP) and Intrexon (NYSE: XON) presented at the American Association for Cancer Research (AACR).

Stephens downgraded Basic Energy Services (NYSE: BAS) from an Overweight rating to an Equal Weight rating and Imperial Capital slashed its price target from $23 to $14.50.

Ascena Retail Group (Nasdaq: ASNA) reported higher first quarter earnings but revenue slipped.

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on both the NYSE and on Nasdaq. The broader S&P 500 gained 7 points to 2074. Bitcoin slipped $2 to $374.
The markets advanced during the midday with the Dow adding 12 points to 17,891 as the nation's service sector expanded. Nasdaq rose 8 points to 4,763.

On the upside

J2 Global offered a premium of $15 per share in cash to acquire Carbonite (Nasdaq: CARB).

GasLog (NYSE: GLOG) will increase its fleet to 40 vessels by 2017. 

Bargain hunters lifted shares of Energy XXI (Nasdaq: EXXI).

On the downside

Second quarter revenue fell short of analyst expectations for Bob Evans Farms (Nasdaq: BOBE) prompting a downgrade.

Investors locked in profits on Digital Ally (Nasdaq: DGLY).

Puma Biotechnology (NYSE: PBYI) must delay submitting the New Drug Application for its breast cancer treatment neratinib until 2016.

In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 3 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 rose 4 points to 2070. Bitcoin slipped $2 to $374.

Flat open on jobs data

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The markets opened flat with the Dow adding a point to 17,880 as private employers added fewer jobs than expected in November. Nasdaq slipped 3 points to 4,751.

On the upside

Sequenom (Nasdaq: SQNM) and Illumina (Nasdaq: ILMN) settled all patent infringement claims and will pool their noninvasive prenatal testing intellectual properties.

MOL Global (Nasdaq: MOLG) extended its gains. 

JD.com (Nasdaq: JD) partnered with Grameen China to launch a crowdfunding micro financing project.

On the downside

Goldman Sachs downgraded J.C. Penney (NYSE: JCP) from a Neutral rating to a Sell rating.

J.P. Morgan analyst Paul Coster downgraded Taser International (Nasdaq: TASR) from an Overweight rating to a Neutral rating.

Shares of Walter Energy (NYSE: WLT) continued falling.

In the broad market, advancing issues outpaced decliners by a margin of nearly 2 to 1 on the NYSE and by nearly 7 to 5 on Nasdaq. The broader S&P 500 added 3 points to 2070. Bitcoin eased $1 to $375.

Markets soar on upbeat data

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Upbeat construction spending and strong auto sales sent the markets soaring to a higher close with the Dow surging 102 points to 17,879. Nasdaq climbed 28 points to 4,755.

On the upside

Bargain hunters lifted shares of Lakeland Industries (Nasdaq: LAKE).

Pacific Crest Securities valued Alibaba's (Nasdaq: BABA) mobile payments affiliate Alipay at $70 billion. 

JD.com (Nasdaq: JD) expects to increase its mobile orders through its partnership with Tencent Holdings.

On the downside

Global Hunter Securities downgraded Goodrich Petroleum (NYSE: GDP) from a Buy rating to a Sell rating.

Quidel (Nasdaq: QDEL) will offer $150 million in convertible senior notes.

Vale (NYSE: VALE) blamed a plunged in iron ore prices for slashing its spending for 2015.

In the broad market, advancing issues outpaced decliners by a margin of more than 2 to 1 on both the NYSE and on Nasdaq. The broader S&P 500 climbed 13 points to 2066. Bitcoin added $1 to $380.

Markets advance on strong auto sales

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Better than expected November auto sales boosted the markets during the midday with the Dow soaring 91 points to 17,868. Nasdaq climbed 23 points to 4,751.

On the upside

MOL Global's (Nasdaq: MOLG) largest shareholder Vincent Tan issued a statement in support of the company.

President Obama's $75 million proposal to fund body-mounted video cameras for police officers lifted shares of Digital Ally (Nasdaq: DGLY) and Taser International (Nasdaq: TASR).  

Idera Pharmaceuticals (Nasdaq: IDRA) appointed Vincent J. Milano to the position of chief executive officer.

On the downside

NTELOS (Nasdaq: NTLS) will exit its Eastern Markets in order to focus its resources on its Western Markets.

BB&T Capital Markets expects Walter Energy (NYSE: WLT) to file for bankruptcy in 2015.

Shares of Key Energy Services (NYSE: KEG) fell after Bank of America downgraded the energy sector.

In the broad market, advancing issues outpaced decliners by a margin of more than 2 to 1 on the NYSE and by nearly 5 to 2 on Nasdaq. The broader S&P 500 gained 11 points to 2065. Bitcoin added $1 to $380.
A stronger than expected increase in construction spending lifted the markets to a higher open with the Dow climbing 52 points to 17,829. Nasdaq gained 21 points to 4,748.

On the upside

Viggle (Nasdaq: VGGL) entered a strategic marketing partnership with HGTV.

Otsuka Pharmaceutical will pay approximately $3.5 billion in cash to acquire Avanir Pharmaceuticals (Nasdaq: AVNR).  

Cypress Semiconductor (Nasdaq: CY) will acquire Spansion (NYSE: CODE) for approximately $1.59 billion in an all stock transaction.

On the downside

Shares of Halliburton (NYSE: HAL) and SeaDrill (NYSE: SDRL) continued falling.

Opening statements begin today in a class action lawsuit against Apple (Nasdaq: AAPL) over digital music.

Vince Holding (NYSE: VNCE) reported higher third quarter earnings and revenue that topped analyst estimates 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 nearly 7 to 3 on Nasdaq. The broader S&P 500 gained 8 points to 2061. Bitcoin added $2 to $381.
A slowdown in Chinese manufacturing activity sent the markets down to a lower close with the Dow dropping 51 points to 17,776. Nasdaq plunged 64 points to 4,727.

On the upside

Shares of Buenaventura (NYSE: BVN), Iamgold (NYSE: IAG) and McEwen Mining (NYSE: MUX) rose as gold prices climbed.

Bargain hunters lifted shares of Exxon Mobil (NYSE: XOM). 

Rising silver prices lifted shares of Pan American Silver (Nasdaq: PAAS) and Silver Strand Resources (Nasdaq: SSRI).

On the downside

Shares of California Resources (NYSE: CRC) fell on its first trading day.

Top executives at Twitter (NYSE: TWTR) sold nearly $50 million worth of company stock with chief executive Dick Costolo unloading more than half of his holdings.

Flat global steel production in October weighed down shares of AK Steel (NYSE: AKS).

In the broad market, declining issues outpaced advancers by a margin of nearly 7 to 2 on both the NYSE and on Nasdaq. The broader S&P 500 fell 14 points to 2053. Bitcoin added $1 to $378.
The markets traded lower during the midday with the Dow dropping 51 points to 17,776 as fewer customers shopped during the long Thanksgiving weekend. Nasdaq plunged 64 points to 4,727.

On the upside

Rising gold prices lifted shares of AngloGold Ashanti (Nasdaq: AU).

Coeur Mining (NYSE: CDE) engaged in discussions for a possible acquisition of Paramount Gold and Silver. 

Microsoft (Nasdaq: MSFT) will buy Accompli.

On the downside

Oil services firms Halliburton (NYSE: HAL), Transocean (NYSE: RIG) and SeaDrill (NYSE: SDRL) extended their losses.

Oil companies Petrobras (NYSE: PBR) and SandRidge Energy (NYSE: SD) continued falling.

MOL Global (Nasdaq: MOLG) reported sharply lower third quarter earnings and announced errors in previous financial reports.

In the broad market, declining issues outpaced advancers by a margin of more than 5 to 2 on the NYSE and by more than 3 to 1 on Nasdaq. The broader S&P 500 fell 15 points to 2051. Bitcoin added $2 to $379.
An 11% drop in Black Friday sales sent the markets down to a lower open with the Dow tumbling 79 points to 17,748. Nasdaq dropped 38 points to 4,752.

On the upside

21Vianet Group (Nasdaq: VNET) announced an investment of $172 million from Kingsoft, $50 million from Xiaomi and $74 million from Temasek.

Bank of America analyst Paul Bieber upgraded Groupon (Nasdaq: GRPN) from a Neutral rating to a Buy rating and lifted his price target from $8 to $9.50. 

Rising gold prices lifted shares of Barrick Gold (NYSE: ABX) and Kinross Gold (NYSE: KGC).

On the downside

U.S. retailers targeted Alibaba (NYSE: BABA) in a new ad saying that the Chinese ecommerce company would hurt local businesses by exploiting a sales tax loophole.

Exelixis (Nasdaq: EXEL) reported disappointing results from a Phase 3 trial of cabozantinib in men with metastatic castration-resistant prostate cancer.

Schools bought more Google (Nasdaq: GOOG) Chromebooks in the third quarter than Apple (Nasdaq: AAPL) iPads.

In the broad market, declining issues outpaced advancers by a margin of nearly 3 to 1 on the NYSE and by more than 5 to 2 on Nasdaq. The broader S&P 500 fell 12 points to 2054. Bitcoin added $1 to $378.
An 11% drop in Black Friday sales sent the markets down to a lower open with the Dow tumbling 79 points to 17,748. Nasdaq dropped 38 points to 4,752.

On the upside

21Vianet Group (Nasdaq: VNET) announced an investment of $172 million from Kingsoft, $50 million from Xiaomi and $74 million from Temasek.

Bank of America analyst Paul Bieber upgraded Groupon (Nasdaq: GRPN) from a Neutral rating to a Buy rating and lifted his price target from $8 to $9.50. 

Rising gold prices lifted shares of Barrick Gold (NYSE: ABX) and Kinross Gold (NYSE: KGC).

On the downside

U.S. retailers targeted Alibaba (NYSE: BABA) in a new ad saying that the Chinese ecommerce company would hurt local businesses by exploiting a sales tax loophole.

Exelixis (Nasdaq: EXEL) reported disappointing results from a Phase 3 trial of cabozantinib in men with metastatic castration-resistant prostate cancer.

Schools bought more Google (Nasdaq: GOOG) Chromebooks in the third quarter than Apple (Nasdaq: AAPL) iPads.

In the broad market, declining issues outpaced advancers by a margin of nearly 3 to 1 on the NYSE and by more than 5 to 2 on Nasdaq. The broader S&P 500 fell 12 points to 2054. Bitcoin added $1 to $378.
An 11% drop in Black Friday sales sent the markets down to a lower open with the Dow tumbling 79 points to 17,748. Nasdaq dropped 38 points to 4,752.

On the upside

21Vianet Group (Nasdaq: VNET) announced an investment of $172 million from Kingsoft, $50 million from Xiaomi and $74 million from Temasek.

Bank of America analyst Paul Bieber upgraded Groupon (Nasdaq: GRPN) from a Neutral rating to a Buy rating and lifted his price target from $8 to $9.50. 

Rising gold prices lifted shares of Barrick Gold (NYSE: ABX) and Kinross Gold (NYSE: KGC).

On the downside

U.S. retailers targeted Alibaba (NYSE: BABA) in a new ad saying that the Chinese ecommerce company would hurt local businesses by exploiting a sales tax loophole.

Exelixis (Nasdaq: EXEL) reported disappointing results from a Phase 3 trial of cabozantinib in men with metastatic castration-resistant prostate cancer.

Schools bought more Google (Nasdaq: GOOG) Chromebooks in the third quarter than Apple (Nasdaq: AAPL) iPads.

In the broad market, declining issues outpaced advancers by a margin of nearly 3 to 1 on the NYSE and by more than 5 to 2 on Nasdaq. The broader S&P 500 fell 12 points to 2054. Bitcoin added $1 to $378.
An 11% drop in Black Friday sales sent the markets down to a lower open with the Dow tumbling 79 points to 17,748. Nasdaq dropped 38 points to 4,752.

On the upside

21Vianet Group (Nasdaq: VNET) announced an investment of $172 million from Kingsoft, $50 million from Xiaomi and $74 million from Temasek.

Bank of America analyst Paul Bieber upgraded Groupon (Nasdaq: GRPN) from a Neutral rating to a Buy rating and lifted his price target from $8 to $9.50. 

Rising gold prices lifted shares of Barrick Gold (NYSE: ABX) and Kinross Gold (NYSE: KGC).

On the downside

U.S. retailers targeted Alibaba (NYSE: BABA) in a new ad saying that the Chinese ecommerce company would hurt local businesses by exploiting a sales tax loophole.

Exelixis (Nasdaq: EXEL) reported disappointing results from a Phase 3 trial of cabozantinib in men with metastatic castration-resistant prostate cancer.

Schools bought more Google (Nasdaq: GOOG) Chromebooks in the third quarter than Apple (Nasdaq: AAPL) iPads.

In the broad market, declining issues outpaced advancers by a margin of nearly 3 to 1 on the NYSE and by more than 5 to 2 on Nasdaq. The broader S&P 500 fell 12 points to 2054. Bitcoin added $1 to $378.
An 11% drop in Black Friday sales sent the markets down to a lower open with the Dow tumbling 79 points to 17,748. Nasdaq dropped 38 points to 4,752.

On the upside

21Vianet Group (Nasdaq: VNET) announced an investment of $172 million from Kingsoft, $50 million from Xiaomi and $74 million from Temasek.

Bank of America analyst Paul Bieber upgraded Groupon (Nasdaq: GRPN) from a Neutral rating to a Buy rating and lifted his price target from $8 to $9.50. 

Rising gold prices lifted shares of Barrick Gold (NYSE: ABX) and Kinross Gold (NYSE: KGC).

On the downside

U.S. retailers targeted Alibaba (NYSE: BABA) in a new ad saying that the Chinese ecommerce company would hurt local businesses by exploiting a sales tax loophole.

Exelixis (Nasdaq: EXEL) reported disappointing results from a Phase 3 trial of cabozantinib in men with metastatic castration-resistant prostate cancer.

Schools bought more Google (Nasdaq: GOOG) Chromebooks in the third quarter than Apple (Nasdaq: AAPL) iPads.

In the broad market, declining issues outpaced advancers by a margin of nearly 3 to 1 on the NYSE and by more than 5 to 2 on Nasdaq. The broader S&P 500 fell 12 points to 2054. Bitcoin added $1 to $378.
An 11% drop in Black Friday sales sent the markets down to a lower open with the Dow tumbling 79 points to 17,748. Nasdaq dropped 38 points to 4,752.

On the upside

21Vianet Group (Nasdaq: VNET) announced an investment of $172 million from Kingsoft, $50 million from Xiaomi and $74 million from Temasek.

Bank of America analyst Paul Bieber upgraded Groupon (Nasdaq: GRPN) from a Neutral rating to a Buy rating and lifted his price target from $8 to $9.50. 

Rising gold prices lifted shares of Barrick Gold (NYSE: ABX) and Kinross Gold (NYSE: KGC).

On the downside

U.S. retailers targeted Alibaba (NYSE: BABA) in a new ad saying that the Chinese ecommerce company would hurt local businesses by exploiting a sales tax loophole.

Exelixis (Nasdaq: EXEL) reported disappointing results from a Phase 3 trial of cabozantinib in men with metastatic castration-resistant prostate cancer.

Schools bought more Google (Nasdaq: GOOG) Chromebooks in the third quarter than Apple (Nasdaq: AAPL) iPads.

In the broad market, declining issues outpaced advancers by a margin of nearly 3 to 1 on the NYSE and by more than 5 to 2 on Nasdaq. The broader S&P 500 fell 12 points to 2054. Bitcoin added $1 to $378.

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