January 2015 Archives

Concerns about economy sink stocks

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Concerns about the nation's economy sent the markets tumbling to a sharply lower close with the Dow collapsing 251 points to 17,164. Nasdaq plunged 48 points to 4,635.

On the upside

The Food and Drug Administration granted Breakthrough Therapy Designation to Intercept Pharmaceuticals (Nasdaq: ICPT) for its investigational product obeticholic acid to treat patients with nonalcoholic steatohepatitis with liver fibrosis.

Performant Financial (Nasdaq: PFMT) withdrew its proposed public offering of convertible senior notes and common stock.

Gigamon (NYSE: GIMO) swung to a better than expected profit for the fourth quarter as revenue climbed.

On the downside

Tuesday Morning (Nasdaq: TUES) reported higher second quarter earnings and revenue but the results fell short of expectations.

Green Dot (NYSE: GDOT) fell to a greater than expected loss for the fourth quarter and forecast full year earnings below estimates.

Unisys (NYSE: UIS) disappointed with sharply lower fourth quarter earnings and revenue that missed 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 3 to 1 on Nasdaq. The broader S&P 500 plummeted 26 points to 1994. Bitcoin lost $5 to $225.

Losses extended at midday

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The markets extended its losses during the midday with the Dow tumbling 95 points to 17,321 on disappointing economic data. Nasdaq eased a point to 4,682.

On the upside

Shares of Shake Shack (NYSE: SHAK) more than doubled on its first trading day.

Spark Therapeutics (Nasdaq: ONCE) stock surged in its market debut.

Shares of InfraREIT (NYSE: HIFR) soared on its first trading day.

On the downside

Delays to a new nuclear power plant construction project weighed down shares of Chicago Bridge & Iron (NYSE: CBI).

Greece's newly elected Syriza party announced its opposition to the Skouries gold mine, which Eldorado Gold (NYSE: EGO) had planned to spend $200 million to develop.

KPMG has resigned as Advanced Emissions Solutions' (Nasdaq: ADES) independent accounting firm. The emissions solutions company also warned that it expected to be delisted from the Nasdaq Stock Market for failing to regain compliance.

In the broad market, declining issues outpaced advancers 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 lost 9 points to 2012. Bitcoin slipped $2 to $227.
The nation's economy expanded at a slower than expected pace in the fourth quarter to weigh the markets down to a lower open with the Dow tumbling 85 points to 17,331. Nasdaq lost 13 points to 4,669.

On the upside

Gulf Resources (Nasdaq: GURE) discovered natural gas resources under its bromine well in Sichuan area.

Amazon (Nasdaq: AMZN) reported a better than expected profit for the fourth quarter.

ImmunoGen (Nasdaq: IMGN) impressed with sharply higher second quarter earnings and revenue that surpassed analyst expectations by a wide margin.

On the downside

Hawaiian Holdings (Nasdaq: HA) reported lower fourth quarter earnings and warned that first quarter operating revenue per available seat mile would drop in the current quarter.

Deckers Outdoor (NYSE: DECK) reported higher third quarter earnings and revenue but the results fell short of analyst expectations prompting the company to lower its fourth quarter earnings guidance.

Investors locked in profits on Genetic Technologies (Nasdaq: GENE).

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 fell 13 points to 2008. Bitcoin slipped $2 to $227.

Markets surge as crude oil edges up

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The markets closed sharply higher with the Dow jumping 225 points to 17,416 as crude oil prices edged up and jobless claims tumbled to its lowest level in fifteen years. Nasdaq surged 45 points to 4,683.

On the upside

Shares of Entellus Medical (Nasdaq: ENTL) surged on its first trading day.

K12 (NYSE: LRN) swung to a stronger than expected profit for the second quarter as revenue rose.

MarineMax (NYSE: HZO) reversed year ago losses to post a better than expected profit for the first quarter.

On the downside

Albemarle (NYSE: ALB) fell to a greater than expected loss for the fourth quarter.

Performant Financial (Nasdaq: PFMT) warned of losses for the fourth quarter, announced plans to offer $80 million in senior convertible notes and entered an agreement to acquire Premier Healthcare Exchange for $130 million.

Frontline (NYSE: FRO) filed a second amendment and restatement of its equity distribution agreement with Morgan Stanley.

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 19 points to 2021. Bitcoin rose $5 to $232.
Despite a sharp drop in first time applications for unemployment benefits, the markets traded mixed during the midday with the Dow gaining 78 points to 17,262 as crude oil prices continued to slide. Nasdaq lost 9 points to 4,628.

On the upside

Harman International (NYSE: HAR) reported higher second quarter earnings and revenue that beat expectations and entered a strategic collaboration with Baidu (Nasdaq: BIDU) to launch vehicle networking solutions.

Bargain hunters lifted shares of National Bank of Greece (NYSE: NBG).

Neovasc (Nasdaq: NVCN) increased the size of its public offering from 8 million common shares to 10.5 million common shares and priced the offering at $7.19 per common share.

On the downside

Alibaba's (NYSE: BABA) disappointing revenue weighed down shares of Yahoo (Nasdaq: YHOO), which owns nearly 384 million shares of the Chinese e-commerce company.

HSBC downgraded Petrobras (NYSE: PBR) from a Neutral rating to an Underweight rating.

Shares of Presbia (Nasdaq: LENS) dropped on its first trading day.

In the broad market, declining issues outpaced advancers by a margin of more than 5 to 4 on the NYSE and by nearly 5 to 4 on Nasdaq. The broader S&P 500 held steady at 2002. Bitcoin held steady at $227.
The markets opened mixed with the Dow rising 27 points to 17,218 while Nasdaq fell 14 points to 4,623 even as jobless claims dropped to 15-year low.

On the upside

Kate Spade (NYSE: KATE) will discontinue the Kate Spade Saturday business to focus on its flagship kate spade new york brand and announced joint ventures with The Lane Crawford Joyce Group to expand growth in China.

Genetic Technologies (Nasdaq: GENE) announced that up to six new breast diagnostic/treatment centers would begin offering its BREVAGenplus predictive risk test.

Second quarter earnings fell for Coach (NYSE: COH) but the results were better than expected.

On the downside

Alibaba Group (NYSE: BABA) reported lower third quarter earnings as revenue fell short of analyst expectations.

Qualcomm (Nasdaq: QCOM) reported higher first quarter earnings and revenue but the company lowered its full year outlook.

The Food and Drug Administration determined that Venaxis' (Nasdaq: APPY) APPY1 Test was not equivalent to current care.

In the broad market, advancing issues outpaced decliners by a margin of 7 to 4 on the NYSE and by 3 to 2 on Nasdaq. The broader S&P 500 eased a point to 2000. Bitcoin lost $4 to $223.

Markets plunge as crude oil tumbles

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Another sharp drop in crude oil prices sent the markets tumbling to a lower close with the Dow plummeting 195 points to 17,191. Nasdaq plunged 43 points to 4,637.

On the upside

Electronic Arts (Nasdaq: EA) reversed year ago losses to post a better than expected profit for the third quarter.

Third quarter earnings and revenue surged for Abiomed (Nasdaq: ABMD) to surpass analyst expectations and the Food and Drug Administration approved a Humanitarian Device Exemption for the company's Impella RP(R) System heart pump.

Tupperware Brands (NYSE: TUP) reported lower fourth quarter earnings and revenue but the results beat analyst expectations.

On the downside

Pilgrim's Pride (Nasdaq: PPC) began trading ex-dividend today.

Meritor (NYSE: MTOR) reported higher first quarter earnings but revenue fell to miss analyst estimates and the company forecast full year results below expectations.

Falling crude oil prices weighed down shares of Nabor Industries (NYSE: NBR).

In the broad market, declining issues outpaced advancers by a margin of nearly 7 to 3 on the NYSE and by more than 5 to 2 on Nasdaq. The broader S&P 500 plunged 27 points to 2002. Bitcoin dropped $26 to $231.
Impressive results from Apple lifted the markets to a higher open with the Dow gaining 62 points to 17,449. Nasdaq climbed 38 points to 4,719.

On the upside

Apple (Nasdaq: AAPL) impressed with record revenue and profit for the first quarter.

Freescale Semiconductor (NYSE: FSL) swung to a greater than expected profit for the fourth quarter prompting an upgrade.

United States Steel (NYSE: X) reported lower fourth quarter earnings but the results were better than expected.

On the downside

Default fears send shares of National Bank of Greece (NYSE: NBG) tumbling.

Petrobras (NYSE: PBR) reported lower third quarter earnings but did not include significant write downs.

Radware (Nasdaq: RDWR) reported higher fourth quarter earnings and revenue that topped analyst estimates but the stock price fell.

In the broad market, advancing issues outpaced decliners by a margin of more than 7 to 5 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 gained 10 points to 2039. Bitcoin lost $8 to $249.
An unexpected drop in durable goods orders along with disappointing earnings results weighed the markets down to a sharply lower close with the Dow skidding 291 points to 17,387. Nasdaq slumped 90 points to 4,681.

On the upside

Courier (Nasdaq: CRRC) received an unsolicited acquisition offer from R.R. Donnelly & Sons.

WWE (NYSE: WWE) announced that its WWE Network surpassed 1 million subscribers.

II-VI (Nasdaq: IIVI) reported higher second quarter earnings and revenue that surpassed analyst expectations.

On the downside

Sterling Construction (Nasdaq: STRL) warned of losses for the fourth quarter.

Plantronics (NYSE: PLT) disappointed with lower third quarter earnings that missed analyst estimates.

Peabody Energy (NYSE: BTU) widened fourth quarter losses more than expected and cut its quarterly dividend.

In the broad market, declining issues outpaced advancers by a margin of 9 to 7 on the NYSE and by 5 to 3 on Nasdaq. The broader S&P 500 plunged 27 points to 2029. Bitcoin lost $8 to $256.
Disappointing earnings news sent the markets into a tailspin during the midday with the Dow collapsing 232 points to 17,445. Nasdaq plummeted 62 points to 4,709.

On the upside

Adam Feuerstein wrote that Advaxis' (Nasdaq: ADXS) market valuation was low compared with its peers.

NF Energy Saving (Nasdaq: NFEC) will supply Gansu Coal Group with 23 sets of flow control equipment.

Bargain hunters lifted shares of Nuverra Environmental Solutions (NYSE: NES).

On the downside

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

STAAR Surgical (Nasdaq: STAA) forecast fourth quarter revenue that fell short of analyst expectations.

Investors locked in profits on Sanmina (Nasdaq: SANM).

In the broad market, declining issues outpaced advancers by a margin of nearly 10 to 9 on the NYSE and by more than 9 to 7 on Nasdaq. The broader S&P 500 tumbled 19 points to 2037. Bitcoin lost $4 to $260.
Durable goods orders unexpectedly fell last month to send the markets tumbling to a sharply lower open with the Dow plummeting 278 points to 17,400. Nasdaq plunged 78 points to 4,692.

On the upside

Lattice Semiconductor (Nasdaq: LSCC) will pay a premium of approximately $600 million in cash to acquire Silicon Image (Nasdaq: SIMG).

AK Steel Holding (NYSE: AKS) reported lower fourth quarter earnings but the results were better than expected.

The Wall Street Journal reported that CommScope Holding (Nasdaq: COMM) was finalizing a deal to buy the network equipment unit of TE Connectivity for approximately $3 billion.

On the downside

Microsoft (Nasdaq: MSFT) reported lower second quarter earnings prompting downgrades.

Fourth quarter earnings fell for Caterpillar (NYSE: CAT) to miss analyst expectations and the company forecast 2015 results below estimates.

Freeport-McMoRan (NYSE: FCX) fell to a greater than expected loss for the fourth quarter.

In the broad market, declining issues outpaced advancers by a margin of nearly 3 to 1 on the NYSE and by more than 3 to 1 on Nasdaq. The broader S&P 500 plunged 24 points to 2032. Bitcoin lost $6 to $258.
The markets inched modestly higher with the Dow adding 6 points to 17,678 as Greek anti-austerity party leader Alexis Tsipras assured the international community that Greece would negotiate a mutually beneficial solution with its lenders. Nasdaq rose 13 points to 4,771.

On the upside

MeetMe (Nasdaq: MEET) chief executive Geoffrey Cook sold 30,000 shares of company stock.

HCA Holdings (NYSE: HCA) will be added to the S&P 500 after closing bell today to replace Safeway (NYSE: SWY).

International Online reported that BLX  was interested in buying Advanced Micro Devices (Nasdaq: AMD).

On the downside

Deutsche Bank downgraded Phoenix New Media (NYSE: FENG) from a Buy rating to a Hold rating.

Mobile Telesystems (NYSE: MBT) subsidiary Moscow City Telephone Network sold its 49.95% stake in Intellect Telecom

Moody's Investors Service affirmed its Baa3 rating on Energy Transfer Partners (NYSE: ETP).

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 3on Nasdaq. The broader S&P 500 rose 5 points to 2057. Bitcoin gained $17 to $267.

Flat markets as world watches Greece

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The markets traded flat during the midday with the Dow easing a point to 17,671 while Nasdaq added 4 points to 4,762 as investors monitored developments in Greece.

On the upside

Bank of America/Merrill Lynch analyst Daniel Heyler named Himax Technologies (Nasdaq: HIMX) as his 2015 top pick in display ICs.

Post Holdings (NYSE: POST) will pay approximately $1.15 billion in cash and stock to purchase MOM Brands.

Shares of Array BioPharma (Nasdaq: ARRY) extended its gains.

On the downside

Shares of The Cushing MLP Total Return Fund (NYSE: SRV) extended its losses.

Warren Resources (Nasdaq: WRES) slashed its 2015 capital budget and cut its production guidance.

Seagate's (Nasdaq: STX) disappointing results sent shares of rival Western Digital (Nasdaq: WDC) tumbling.

In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 5 on both the NYSE and on Nasdaq. The broader S&P 500 added 2 points to 2054. Bitcoin climbed $21 to $271.
The markets opened lower with the Dow losing 15 points to 17,657 after anti-austerity party Syriza won the general election in Greece. Nasdaq slipped 3 points to 4,754.

On the upside

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

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

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

On the downside

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

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

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

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

Mixed close over home sales data

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

On the upside

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

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

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

On the downside

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

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

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

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

Mixed markets at midday

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

On the upside

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

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

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

On the downside

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

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

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

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

Mixed open on home sales data

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

On the upside

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

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

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

On the downside

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

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

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

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

On the upside

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

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

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

On the downside

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

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

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

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

On the upside

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

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

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

On the downside

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

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

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

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

On the upside

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

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

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

On the downside

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

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

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

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

ECB stimulus hopes lift markets

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

On the upside

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

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

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

On the downside

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

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

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

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

Markets flat at midday

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

On the upside

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

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

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

On the downside

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

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

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

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

On the upside

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

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

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

On the downside

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

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

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

In the broad market, declining issues outpaced advancers by a margin of nearly 9 to 7 to 2 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 added 3 points to 2026. Bitcoin held steady at $209.
The markets recovered its losses to close modestly higher with the Dow adding 3 points to 17,515. Nasdaq gained 20 points to 4,654.

On the upside

Shares of ChinaNet Online Holdings (Nasdaq: CNET) climbed after TheStreet's Jim Cramer said that the Chinese economy was strengthening.

Evercore expects sales of Gilead's (Nasdaq: GILD) hepatitis-C treatment to surpass expectations.

PetMed Express (Nasdaq: PETS) reported higher third quarter earnings that topped analyst estimates.

On the downside

Advaxis (Nasdaq: ADXS) will host its Analyst & Investor Day on February 3, 2015.

Fourth quarter earnings more than doubled for iGate (Nasdaq: IGTE) but the results fell short of expectations.

Falling crude oil prices weighed down shares of Pengrowth Energy (NYSE: PGH).

In the broad market, declining issues outpaced advancers by a margin of more than 3 to 2 on the NYSE and by nearly 3 to 2 on Nasdaq. The broader S&P 500 added 3 points to 2022. Bitcoin held steady at $209.
The International Monetary Fund lowered its global economic growth forecast sending the markets tumbling with the Dow dropping 78 points to 17,432. Nasdaq held steady at 4,634.

On the upside

Susquehanna upgraded Micron Technology (Nasdaq: MU) from a Neutral rating to a Positive rating and lifted its price target from $31 to $38.

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

Delta Air Lines (NYSE: DAL) reported a smaller than expected loss for the fourth quarter as revenue rose.

On the downside

Outerwall (Nasdaq: OUTR) announced the departure of chief executive officer J. Scott Di Valerio and appointed Nora M. Denzel as interim CEO.

SunTrust Robinson Humphrey downgraded Magnum Hunter (NYSE: MHR) from a Buy rating to a Neutral rating and slashed its price target from $7 to $2.50.

Altisource (Nasdaq: ASPS) named John Vella to the newly created position of chief revenue officer.

In the broad market, declining issues outpaced advancers by a margin of nearly 7 to 3 on the NYSE and by more than 2 to 1 on Nasdaq. The broader S&P 500 lost 5 points to 2013. Bitcoin slipped $2 to $210.
The markets opened lower with the Dow falling 49 points to 17,461 after the International Monetary Fund trimmed its global economic growth forecast for 2015 and 2016. Nasdaq lost 3 points to 4,630.

On the upside

Smith & Wesson (Nasdaq: SWHC) lifted its earnings and revenue guidance for the third quarter and fiscal year.

Shares of eHealth (Nasdaq: EHTH) continued to rise.

Bargain hunters lifted shares of Oi (NYSE: OIBR).

On the downside

Leucadia National will provide FXCM (NYSE: FXCM) with a $300 million emergency loan with an initial interest rate of 10% per annum that increases to a maximum interest rate of 17% per annum.

Express (NYSE: EXPR) ended discussions to be acquired by Sycamore Partners.

Kite Pharma (Nasdaq: KITE) made two presentations about its rapid, six-day manufacturing process at the Scale-Up and Manufacturing of Cell Based Therapies IV, an Engineering Conferences International conference last night but the stock price fell as investors locked in profits.

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 slipped 2 points to 2017. Bitcoin slipped $3 to $210.

U. S. markets closed

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U. S. markets are closed for Martin Luther King Jr. Day.

Climbing oil prices boost markets

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Crude oil prices climbed to lift the markets to a sharply higher close with the Dow jumping 190 points to 17,511. Nasdaq surged 63 points to 4,634.

On the upside

Quad/Graphics (NYSE: QUAD) will acquire Courier (Nasdaq: CRRC) in a cash and stock deal valued at approximately $260 million including the assumption of debt.

Bargain hunters lifted shares of Kite Pharma (Nasdaq: KITE).

Flamel Technologies (Nasdaq: FLML) raised the price of Bloxiverz.

On the downside

Three senior executives at Advanced Micro Devices (Nasdaq: AMD) will be leaving the semiconductor.

Shares of Halcon Resources (NYSE: HK) continued falling.

Investors locked in profits on Taiwan Semiconductor (NYSE: TSM).

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 26 points to 2019. Bitcoin held steady at $205.

Rebounding oil lifts markets

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Rebounding oil prices lifted the markets higher during the midday with the Dow rising 44 points to 17,365. Nasdaq gained 21 points to 4,592.

On the upside

Altisource Portfolio Solutions (Nasdaq: ASPS) added its most recent investor presentation dated January 16, 2015 to its website.

E2open (Nasdaq: EOPN) adopted a shareholder rights plan.

Rising crude oil prices lifted shares of Penn West Petroleum (NYSE: PWE) and Ultra Petroleum (NYSE: UPL).

On the downside

China Mobile Games and Entertainment (Nasdaq: CMGE) denied allegations made by a short seller but the stock price fell.

Roundy's (NYSE: RNDY) forecast lower same store sales for the first quarter and fiscal 2015.

QAD (Nasdaq: QADA) priced its public offering of 3 million common shares at the discounted price of $20 per share.

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 2 on the NYSE and by nearly 7 to 3 on Nasdaq. The broader S&P 500 gained 10 points to 2002. Bitcoin slipped $1 to $204.

Mixed open as consumer prices fall

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The markets opened mixed with the Dow losing 16 points to 17,304 as consumer prices fell. Nasdaq gained 12 points to 4,583.

On the upside

Activision Blizzard (Nasdaq: ATVI) announced that its Call of Duty: Advanced Warfare was the top-selling console video game of 2014 and its Skylanders Trap Team was to top-selling kids video game.

Bargain hunters snapped up shares of Juno Therapeutics (Nasdaq: JUNO).

Roth Capital upgraded DepoMed (Nasdaq: DEPO) from a Neutral rating to a Buy rating and lifted its price target from $13.50 to $25.

On the downside

Interactive Brokers Group (Nasdaq: IBKR) reported customers losses of approximately $120 million due to the drop in value of the Swiss Franc.

Precision Castparts (NYSE: PCP) warned that third quarter earnings and revenue would fall short of expectations.

Shares of eHealth (Nasdaq: EHTH) continued falling.

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 fraction to 1993. Bitcoin slipped $1 to $204.
Falling crude oil prices sent the markets tumbling to a sharply lower close with the Dow plummeting 106 points to 17,320. Nasdaq plunged 68 points to 4,570.

On the upside

Rising gold prices lifted shares of Barrick Gold (NYSE: ABX) and Harmony Gold (NYSE: HMY).

McEwen Mining (NYSE: MUX) reported record gold production in the fourth quarter.

Taiwan Semiconductor (NYSE: TSM) reported sharply higher record earnings for the fourth quarter that surpassed analyst expectations.

On the downside

Fourth quarter earnings and revenue fell for Bank of America (NYSE: BAC).

Mizuho Securities downgraded Apple (Nasdaq: AAPL) from a Buy rating to a Neutral rating.

Shares of JPMorgan (NYSE: JPM) extended its losses.

In the broad market, declining issues outpaced advancers by a margin of nearly 2 to 1 on the NYSE and by more than 7 to 2 on Nasdaq. The broader S&P 500 dropped 18 points to 1992. Bitcoin gained $31 to $199.

Crude oil drops, markets fall

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Crude oil prices fell during the midday to send the markets lower with the Dow dropping 78 points to 17,349. Nasdaq tumbled 50 points to 4,589.

On the upside

Novogen (Nasdaq: NVGN) scientists identified a family of compounds with an ability to promote growth and activity of normal brain stem cells.

Chapman Capital bought a stake in Ocwen Financial (NYSE: OCN).

Rising gold prices lifted shares of Goldcorp (NYSE: GG), Kinross Gold (NYSE: KGC) and Newmont Mining (NYSE: NEM).

On the downside

JPMorgan downgraded Insulet (Nasdaq: PODD) from an Overweight rating to a Neutral rating and slashed its price target from $45 to $35.

Investors locked in profits on Sorrento Therapeutics (Nasdaq: SRNE).

Citigroup (NYSE: C) blamed significant legal fees and restructuring charges for sharply lower fourth quarter earnings that fell short of expectations.

In the broad market, declining issues outpaced advancers by a margin of more than 5 to 3 on the NYSE and by nearly 3 to 1 on Nasdaq. The broader S&P 500 fell 12 points to 1999. Bitcoin climbed $48 to $216.

Mixed open as oil hovers below $49

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The markets opened mixed with the Dow rising 23 points to close at 17,450 while Nasdaq lost 10 points to 4,628 as crude oil prices hovered below $49 per barrel.

On the upside

Pilgrim's Pride (Nasdaq: PPC) declared a special cash dividend of $5.77 per share payable on February 17, 2015 to shareholders of record on January 30, 2015.

Target (NYSE: TGT) will close its operations in Canada and has applied for creditor protection for its Canadian business.

Southwestern Energy (NYSE: SWN) priced its upsized offering of more than 26 million common shares at $23 per share.

On the downside

eHealth (Nasdaq: EHTH) warned that fourth quarter revenue would fall short of expectations and that losses would be wider than expected.

BlackBerry (Nasdaq: BBRY) denied that reports that it was in discussion to be acquired by Samsung.

Best Buy (NYSE: BBY) reported a strong 2.6% increase in holiday same store sales but the electronics retailer warned of flat or lower revenue for the first half of 2015.

In the broad market, declining issues outpaced advancers by a margin of 3 to 2 on the NYSE and by more than 5 to 2 on Nasdaq. The broader S&P 500 added 2 points to 2014. Bitcoin gained $46 to $214.
An unexpectedly sharp drop in December retail sales spooked investors to send the markets tumbling with the Dow plunging 186 points to close at 17,427. Nasdaq fell 22 points to 4,639.

On the upside

Reuters reported that Samsung offered up to $7.5 billion to acquire BlackBerry (Nasdaq: BBRY).

Alcobra (Nasdaq: ADHD) closed its public offering of common stock.

Aegerion Pharmaceuticals (Nasdaq: AEGR) granted stock options to ten new employees.

On the downside

Flamel Technology (Nasdaq: FLML) reported that the Food and Drug Administration approved rival Fresenius Kabi's New Drug Application for neostigmine methylsulfate, which Flamel sells as Bloxiverz.

Analysts expect Bank of America (NYSE: BAC) to report lower fourth quarter earnings tomorrow morning.

Thompson Creek Metals (NYSE: TC) extended its losses.

In the broad market, declining issues outpaced advancers by a margin of 3 to 2 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 dropped 11 points to 2011. Bitcoin tumbled $44 to $174.
The markets extended its losses during the midday with the Dow plummeting 293 points to 17,319 as the World Bank cut its global growth outlook for 2015. Nasdaq plunged 47 points to 4,613.

On the upside

The Food and Drug Administration approved EnteroMedics' (Nasdaq: ETRM) VBLOC vagal blocking therapy for obesity.

Janney Capital upgraded Bebe (Nasdaq: BEBE) from a Neutral rating to a Buy rating.

A federal court threw out Diablo Technologies' countersuit against Netlist (Nasdaq: NLST) and ordered Diablo to pay the attorney's fees for Netlist.

On the downside

Datawatch (Nasdaq: DWCH) warned of lower revenue and a wider loss for the first quarter.

Pioneer Energy Services (NYSE: PES) warned that an additional ten rigs would go idle in the first quarter and that early termination notices were received for another seven rigs.

FXCM (NYSE: FXCM) lowered its fourth quarter revenue outlook.

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 plunged 27 points to 1995. Bitcoin tumbled $44 to $175.

Markets tumble as retail sales drop

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A greater than expected drop in December retail sales sent the markets tumbling to a sharply lower open with the Dow plunging 142 points to 17,471. Nasdaq fell 14 points to 4,647.

On the upside

Intrexon (NYSE: XON) and Ziopharm Oncology (Nasdaq: ZIOP) entered an exclusive licensing agreement with the University of Texas MD Anderson Cancer Center to develop non-viral adoptive cellular cancer immunotherapies.

SunEdison Semiconductor (Nasdaq: SEMI) priced a secondary offering of 15 million common shares on behalf of selling shareholders at $15.19 per share.

GameStop (NYSE: GME) reported a strong 4.4% increase in December same store sales prompting an analyst upgrade.

On the downside

Shares of Freeport-McMoRan (NYSE: FCX) extended its losses.

Ocwen Financial (NYSE: OCN) stock continued falling.

Investors locked in profits on Frontline (NYSE: FRO).

In the broad market, declining issues outpaced advancers by a margin of 7 to 2 on the NYSE and by 3 to 1 on Nasdaq. The broader S&P 500 fell 10 points to 2012. Bitcoin dropped $26 to $193.
The markets reversed course to close modestly lower with the Dow losing 27 points to 17,613 even as crude oil prices edged up. Nasdaq slipped 3 points to 4,661.

On the upside

Bebe Stores (Nasdaq: BEBE) reported that preliminary second quarter same store sales rose approximately 8%.

Jamba (Nasdaq: JMBA) appointed two directors to its board.

IHS (NYSE: IHS) reported sharply higher fourth quarter earnings that beat analyst expectations as expenses dropped.

On the downside

News that California may suspend Ocwen Financial's (NYSE: OCN) mortgage license weighed down shares of Home Loan Servicing Solutions (Nasdaq: HLSS).

KB Home (NYSE: KBH) reported higher fourth quarter earnings and revenue but earnings fell short of analyst expectations and the homebuilder warned of sharply lower margins in the current quarter.

Yamana Gold (NYSE: AUY) entered an agreement in a bought share issue deal to raise funds.

In the broad market, declining issues outpaced advancers by a margin of 10 to 9 on both the NYSE and on Nasdaq. The broader S&P 500 lost 5 points to 2023. Bitcoin dropped $37 to $230.

Strong earnings send markets soaring

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Strong corporate earnings sent the markets soaring to a sharply higher open with the Dow leaping 250 points to 17,891. Nasdaq jumped 80 points to 4,745.

On the upside

A federal judge granted Netlist's (Nasdaq: NLST) request for an injunction against Diablo Technologies from manufacturing, using, distributing or selling high-speed controller chips used by SanDisk (Nasdaq: SNDK) and other major computer manufacturers.

Pharmacyclics (Nasdaq: PCYC) reported preliminary product revenue for Imbruvica and forecast 103% increase in product revenue for 2015.

Emulex (Nasdaq: ELX) reported preliminary second quarter earnings and revenue that surpassed its previous guidance.

On the downside

ChannelAdvisor (NYSE: ECOM) warned that fourth quarter revenue would fall short of expectations prompting downgrades.

Beneficial Bancorp (NYSE: BNCL) completed the conversion of Beneficial Bank from a mutual holding company into a stock holding company.

California is investigating Ocwen Financial (Nasdaq: OCN) for possible violations of the California Homeowners Bill of Rights and the California Residential Mortgage Lending Act.

In the broad market, advancing issues outpaced decliners by a margin of more than 4 to 1 on the NYSE and by 7 to 2 on Nasdaq. The broader S&P 500 jumped 26 points to 2054. Bitcoin fell $35 to $231.

Lower close as oil continued falling

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The markets closed lower with the Dow tumbling 96 points to 17,737 as crude oil prices continued falling. Nasdaq dropped 39 points to 4,664.

On the upside

Arotech (Nasdaq: ARTX) received approximately $17 million in new orders from various clients.

Hutchinson Technology (Nasdaq: HTCH) will participate in the 17th Annual Needham Growth Conference tomorrow, January 13, in New York.

Shire (Nasdaq: SHPG) will pay a premium of approximately $5.2 billion to purchase NPS Pharmaceuticals (Nasdaq: NPSP).

On the downside

Reuters reported that Chinese rebar and iron ore futures slowed which weighed down shares of AK Steel Holding (NYSE: AKS).

Crude oil prices dropped below $46 per barrel sending shares of Oasis Petroleum (NYSE: OAS) and Whiting Petroleum (NYSE: WLL) lower.

Shares of Micron Technology (Nasdaq: MU) fell after rival SanDisk (Nasdaq: SNDK) cut its fourth quarter revenue guidance.

In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 3 on both the NYSE and on Nasdaq. The broader S&P 500 fell 17 points to 2028. Bitcoin added $1 to $268.

Markets extend losses at midday

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The markets extended its losses during the midday with the Dow plunging 112 points to 17,625. Nasdaq plunged 43 points to 4,660.

On the upside

Shares of oil tanker operator Frontline (NYSE: FRO) continued soaring.

Celator Pharmaceuticals (Nasdaq: CPXX) published promising Phase 2 data for its CPX-351 in treating patients with first-relapse acute myeloid leukemia.

Advaxis (Nasdaq: ADXS) will begin four new clinical trials in 2015.

On the downside

Falling crude oil prices weighed down shares of Rex Energy (Nasdaq: REXX).

The China Association of Automobile Manufacturers reported that auto sales in China slowed sending shares of Bitauto (NYSE: BITA) plummeting.

In an update to its continuing Phase IIb study of eteplirsen in Duchenne muscular dystrophy patients, Sarepta Therapeutics (Nasdaq: SRPT) reported a continued decline in walking ability.

In the broad market, declining issues outpaced advancers by a margin of nearly 2 to 1 on the NYSE and by nearly 5 to 3 on Nasdaq. The broader S&P 500 fell 17 points to 2026. Bitcoin added $2 to $268.

Oil falls again, markets open lower

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Crude oil prices fell again to weigh the markets down to a lower open with the Dow tumbling 91 points to 17,645. Nasdaq dropped 37 points to 4,666.

On the upside

Roche will acquire a majority stake in Foundation Medicine (Nasdaq: FMI) in a deal valued at approximately $1.03 billion.

Agenus (Nasdaq: AGEN) chairman and chief executive Dr. Garo Armen provided details of Agenus' recently announced partnership with Incyte (Nasdaq: INCY) on a post in TheCharimansBlog.com.

Tekmira Pharmaceuticals (Nasdaq: TKMR) will merge with OnCore Biopharma to create a global hepatitis B virus infection company dedicated to developing a curative regimen by combining multiple therapeutic approaches.

On the downside

The Food and Drug Administration asked Arrowhead Research (Nasdaq: ARWR) to lower the dosage of its hepatitis B treatment ARC-520 in a Phase 2b study.

SanDisk (Nasdaq: SNDK) cut its fourth quarter revenue guidance.

Tiffany & Co. (NYSE: TIF) reported a disappointing 1% drop in holiday sales prompting the jewelry retailer to lower its full year earnings outlook.

In the broad market, declining issues outpaced advancers by a margin of more than 5 to 2 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 dropped 15 points to 2029. Bitcoin added $2 to $269.
A disappointing average hourly wage report along with retreating crude oil prices sent the market tumbling to a sharply lower close with the Dow plunging 170 points to 17,737. Nasdaq dropped 32 points to 4,704.

On the upside

Helen of Troy (Nasdaq: HELE) reported higher third quarter earnings as revenue climbed.

Rising gold prices lifted shares of Harmony Gold (NYSE: HMY).

Dot Hill Systems (Nasdaq: HILL) lifted its revenue and earnings guidance for the fourth quarter and full year.

On the downside

Adamis Pharmaceuticals (Nasdaq: ADMP) priced its public offering of 2 million common shares at the discounted price of $5.00 per share.

The ContainerStore (NYSE: TCS) swung to a profit for the third quarter but revenue fell short of expectations prompting the retailer to cut its full year guidance.

Investors locked in profits on Knightsbridge Shipping (Nasdaq: VLCCF).

In the broad market, declining issues outpaced advancers by a margin of more than 5 to 3 on the NYSE and by nearly 2 to 1 on Nasdaq. The broader S&P 500 tumbled 17 points to 2044. Bitcoin rose $6 to $286.
Crude oil prices resumed their decline sending the markets tumbling during the midday with the Dow plummeting 160 points to 17,747. Nasdaq tumbled 32 points to 4,703.

On the upside

Alcobra (Nasdaq: ADHD) priced its public offering of 6.5 million common shares at $4.00 per share.

Mizuho initiated coverage of Kite Pharma (Nasdaq: KITE) with a Buy rating.

Speculation that excess supplies of crude oil may be stored on oil tankers lifted shares of Frontline (NYSE: FRO).

On the downside

Shares of Banco Santander (NYSE: SAN) extended its losses.

E2open (Nasdaq: EOPN) widened losses for the third quarter and forecast a greater than expected loss for the current quarter.

Golar LNG Partners (Nasdaq: GMLP) priced its secondary offering of 7.17 million common units at the discounted price of $29.90 per unit.

In the broad market, declining issues outpaced advancers by a margin of nearly 7 to 3 on the NYSE and by nearly 2 to 1 on Nasdaq. The broader S&P 500 tumbled 17 points to 2044. Bitcoin added $1 to $280.
The nation's unemployment rate fell to 5.6% but the markets opened lower with the Dow dropping 78 points to 17,827 as average hourly earnings slipped. Nasdaq lost 14 points to 4,722.

On the upside

Agenus (Nasdaq: AGEN) entered a global alliance with Incyte (Nasdaq: INCY) to develop, license and commercialize immuno-therapeutics using Agenus' proprietary Retrocyte Display antibody discovery platform.

Health Canada approved EDAP's (Nasdaq: EDAP) Focal One HIFU device to treat prostate cancer.

JD.com and Tencent Holdings will invest approximately $1.3 billion in Bitauto Holdings (NYSE: BITA).

On the downside

Conatus Pharmaceuticals (Nasdaq: CNAT) reported disappointing results for its emricasan in treating severe liver disease.

Star Bulk Carriers (Nasdaq: SBLK) priced its public offering of approximately 49 million common shares at the discounted price of $5.00 per share.

Five Below (Nasdaq: FIVE) reported a smaller than expected 3% increase in same store sales and trimmed its fourth quarter outlook.

In the broad market, declining issues outpaced advancers by a margin of 5 to 3 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 lost 7 points to 2055. Bitcoin edged up a fraction to $280.

Stimulus hopes boost markets

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Hope that the European Central Bank would introduce additional stimulus measures sent the markets soaring with the Dow bolting up 323 points to 17,907. Nasdaq jumped 85 points to 4,736.

On the upside

PDF Solutions (Nasdaq: PDFS) signed two contracts that will bring in approximately $6 million in revenue for the first quarter.

Repligen (Nasdaq: RGEN) received $1 million milestone payment from Pfizer (NYSE: PFE).

Regulus Therapeutics (Nasdaq: RGLS) announced key goals to advance its microRNA therapeutics portfolio and biomarkers platform in 2015.

On the downside

Brainstorm Cell Therapeutics (Nasdaq: BCLI) entered a Warrant Exercise Agreement with certain warrant holders.

Banco Santander (NYSE: SAN) priced a private placement of senior notes.

Four law firms announced class action lawsuits against InvenSense (NYSE: INVN) for securities fraud.

In the broad market, advancing issues outpaced decliners by a margin of more than 3 to 1 on the NYSE and by nearly 3 to 1 on Nasdaq. The broader S&P 500 jumped 36 points to 2062. Bitcoin slipped $3 to $282.

Markets rocket over ECB expectations

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The markets pushed higher during the midday with the Dow rocketing 266 points to 17,851 over expectations that the European Central Bank would introduce additional stimulus measures. Nasdaq leaped 80 points to 4,730.

On the upside

Aeropostale (NYSE: ARO) expects a smaller loss for the fourth quarter than previously forecast.

Knightsbridge Shipping (Nasdaq: VLCCF) entered a contract to charter out 15 Capesize vessels on long term contracts to RWE Supply & Trading.

Pacific Sunwear (Nasdaq: PSUN) reported a strong 9% increase in same store sales for December.

On the downside

Infinity Pharmaceuticals (Nasdaq: INFI) ended development of PI3K inhibitors to treat rheumatoid arthritis after disappointing results from a Phase 2 study.

Stemline Therapeutics (Nasdaq: STML) priced its public offering of 3.8 million common shares at the discounted price of $15.75 per share.

BMO Capital Markets downgraded Kate Spade (NYSE: KATE) from an Outperform rating to a Market perform rating.

In the broad market, advancing issues outpaced decliners by a margin of more than 7 to 2 on the NYSE and by nearly 3 to 1 on Nasdaq. The broader S&P 500 leaped 31 points to 2057. Bitcoin slipped $4 to $281.

Markets open higher as oil rises

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The markets opened sharply higher with the Dow jumping 248 points to 17,832 as crude oil prices continued to rebound. Nasdaq soared 66 points to 4,717.

On the upside

Bind Therapeutics (Nasdaq: BIND) reported upbeat interim data for a Phase 2 trial of BIND-014 in metastatic castration resistant prostate cancer and expects its collaboration partners to file an IND with the Food and Drug Administration for Accurin by mid-2015.

Biodel (Nasdaq: BIOD) reported positive preliminary data from a Phase 2a clinical trial of its insulin formulation BIOD-531.

AbbVie (Nasdaq: ABBV) and Neurocrine Biosciences (Nasdaq: NBIX) reported positive results from a Phase 3 clinical trial of elagolix in premenopausal women with endometriosis.

On the downside

Apollo Education (Nasdaq: APOL) reported sharply lower first quarter earnings as revenue fell, forecast current quarter revenue below expectations and lowered its full year outlook.

Insulet (Nasdaq: PODD) lowered its fourth quarter revenue guidance.

Profit taking weighed down shares of Arena Pharmaceuticals (Nasdaq: ARNA).

In the broad market, advancing issues outpaced decliners by a margin of more than 4 to 1 on the NYSE and by 7 to 2 on Nasdaq. The broader S&P 500 jumped 27 points to 2053. Bitcoin slipped $4 to $281.
A better than expected jobs report along with rising crude oil prices sent the markets soaring to a sharply higher close with the Dow rocketing 212 points to 17,584. Nasdaq surged 57 points to 4,650.

On the upside

Shares of Petrobras (NYSE: PBR) rose as crude oil prices edged up.

Cosi (Nasdaq: COSI) reported a strong 3.9% increase in same store sales for the fourth quarter.

Zafgen (Nasdaq: ZFGN) reported positive results from a Phase 2 clinical trial of beloranib to treat hypothalamic injury associated with obesity.

On the downside

Shares of Enphase Energy (Nasdaq: ENPH), which makes microinverter technology for the solar industry, fell as crude oil prices remained below $50 per barrel.

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

Micron Technology (Nasdaq: MU) reported higher first quarter earnings but revenue fell short of expectations and forecast second quarter revenue below analyst estimates.

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 leaped 23 points to 2025. Bitcoin edged up a fraction to $285.
The markets surged during the midday with the Dow jumping 191 points to 17,563 as the Republican-led House of Representatives prepared to loosen financial regulations. Nasdaq leaped 51 points to 4,644.

On the upside

Neonode (Nasdaq: NEON) will provide touch modules for a Global PC OEM's next generation all-in-one PC and signed a technology development agreement with an additional tier-one printer OEM.

Synageva BioPharma (Nasdaq: GEVA) priced its public offering of 3 million common shares at yesterday's closing price of $94.19 per share.

Reuters reported that Dick's Sporting Goods (NYSE: DKS) was exploring of option of being taken private.

On the downside

Shares of private mortgage insurers Essent Group (Nasdaq: ESNT) and MGIC Investment (NYSE: MTG) fell on news that Federal Housing Administration mortgage insurance premiums would be cut.

Twitter (NYSE: TWTR) chief executive Dick Costolo sold 140,352 shares of company stock for more than $5 million.

Meru Networks (Nasdaq: MERU) warned that fourth quarter revenue would fall short of expectations, announced restructuring plans and retained the services of Deutsche Bank to explore strategic options including the possible sale of the company.

In the broad market, advancing issues outpaced decliners by a margin of more than 3 to 1 on the NYSE and by nearly 2 to 1 on Nasdaq. The broader S&P 500 leaped 23 points to 2025. Bitcoin added $1 to $281.

Higher open as oil prices rise

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Recovering crude oil prices lifted the markets to a sharply higher open with the Dow surging 155 points to 17,527. Nasdaq soared 41 points to 4,634.

On the upside

JC Penney (NYSE: JCP) reported a strong 3.7% increase in same store sales for November and December.

Galectin Therapeutics (Nasdaq: GALT) reported positive results for a Phase 1 trial of GR-MD-02 on fibrosis.

Arena Pharmaceuticals (Nasdaq: ARNA) reported positive results from a Phase 1b trial of APD334 to treat autoimmune diseases.

On the downside

KaloBios Pharmaceuticals (Nasdaq: KBIO) reported disappointing results from a Phase 2 study of KB001-A to treat Pseudomonas aeruginosa lung infections in subjects with cystic fibrosis.

RPM International (NYSE: RPM) reported higher second quarter earnings but revenue was flat.

Pershing Square Capital Management founder Bill Ackman compared Herbalife (NYSE: HLF) to convicted Ponzi scheme mastermind Bernie Madoff.

In the broad market, advancing issues outpaced decliners by a margin of more than 4 to 1 on the NYSE and by more than 5 to 2 on Nasdaq. The broader S&P 500 soared 19 points to 2021. Bitcoin held steady at $280.
Crude oil prices fell again to send the markets tumbling to a sharply lower close with the Dow plunging 130 points to 17,371. Nasdaq plummeted 59 points to 4,592.

On the upside

Former Yahoo (Nasdaq: YHOO) chief executive Ross Levinsohn suggested that Twitter (NYSE: TWTR) buy Yahoo.

Rising gold prices lifted shares of Iamgold (NYSE: IAG) and Barrick Gold (NYSE: ABX).

Kite Pharma's (Nasdaq: KITE) deal with Amgen (Nasdaq: AMGN) lifted shares of immunotherapy treatment developer Juno Therapeutics (Nasdaq: JUNO).

On the downside

Deutsche Bank downgraded General Electric (NYSE: GE) from a Buy rating to a Hold rating and lowered its price target from $30 to $28.

Goldman Sachs analyst Richard Ramsden said that J.P. Morgan (NYSE: JPM) should separate itself into two to four smaller companies.

Cerus (Nasdaq: CERS) will offer common stock through a public offering.

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 2 on Nasdaq. The broader S&P 500 tumbled 17 points to 2002. Bitcoin rose $7 to $281.

Markets reverse course

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The markets reversed course during the midday with the Dow plummeting 190 points to 17,309 as crude oil prices continued to sink. Nasdaq plunged 69 points to 4,583.

On the upside

Bullish comments about Frontline (Nasdaq: FRO) on CNBC's Fast Money last night lifted shares of the oil tanker.

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

Rising iron ore prices and soaring exports from Brazil lifted shares of Gerdau (NYSE: GGB).

On the downside

Fall crude oil prices weighed down shares of Energy XXI (Nasdaq: EXXI) and Laredo Petroleum (NYSE: LPI).

hhgregg (NYSE: HGG) warned of lower third quarter revenue.

Shares of Intercept Pharmaceuticals (Nasdaq: ICPT), which develops treatments for chronic liver diseases, plunged on news that Gilead (Nasdaq: GILD) was buying a liver disease treatment from Phenex Pharmaceuticals.

In the broad market, declining issues outpaced advancers by a margin of more than 5 to 2 on the NYSE and by more than 4 to 1 on Nasdaq. The broader S&P 500 plunged 22 points to 1998. Bitcoin added $4 to $278.
The markets opened higher this morning with the Dow gaining 56 points to 17,557 after yesterday's steep losses. Nasdaq added 4 points to 4,657.

On the upside

CytRx (Nasdaq: CYTR) reported positive interim results from a Phase 2 study of aldoxorubicin to treat brain cancer.

Minerva Neurosciences (Nasdaq: NERV) reported positive results from a non-human primate study of its neuregulin-1 compound to treat Parkinson's disease.

Gilead Sciences (Nasdaq: GILD) will acquire Phenex Pharmaceuticals' Farnesoid X Receptor program to treat liver diseases.

On the downside

Credit Suisse downgraded Michael Kors (NYSE: KORS) from an Outperform rating to a Neutral rating.

Regions Financial (NYSE: RF) announced its third annual free Financial Fitness Fridays program but the stock price fell.

SandRidge Energy (NYSE: SD) extended its losses as crude oil prices continued to fall.

In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 4 on the NYSE while decliners edged out advancers by nearly 9 to 7 on Nasdaq. The broader S&P 500 added 2 points to 2022. Bitcoin edged up a fraction to $274.

Plunge in crude oil sinks stocks

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Crude oil prices plunged below $50 per barrel to send the markets plummeting with the Dow skidding 331 points to 17,501. Nasdaq slumped 74 points to 4,652.

On the upside

Amgen (Nasdaq: AMGN) and Kite Pharma (Nasdaq: KITE) entered a strategic research collaboration and license agreement.

JPMorgan upgraded Boston Scientific (NYSE: BSX) from a Neutral rating to an Overweight rating.

Rising gold prices lifted shares of Harmony Gold Mining (NYSE: HMY) and McEwen Mining (NYSE: MUX).

On the downside

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

Alcoa (NYSE: AA) will report fourth quarter and full year results after market close on Monday, January 12, 2015.

A drop in copper prices weighed down shares of Freeport-McMoRan (NYSE: FCX).

In the broad market, declining issues outpaced advancers by a margin of nearly 7 to 2 on the NYSE and by nearly 5 to 2 on Nasdaq. The broader S&P 500 plunged 37 to 2020. Bitcoin rose $12 to $273.

Markets extend losses as oil drops

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The markets extended its losses during the midday with the Dow collapsing 308 points to 17,524 as crude oil prices fell below $50 per barrel for the first time in more than five years. Nasdaq plunged 60 points to 4,666.

On the upside

Bargain hunters lifted shares of NeuroDerm (Nasdaq: NDRM).

Isis Pharmaceuticals (Nasdaq: ISIS) entered a global collaboration agreement with Janssen Biotech to discover and develop RNA-targeted treatments for autoimmune diseases.

CVS (NYSE: CVS) granted exclusive treatment status to Gilead Sciences' (Nasdaq: GILD) hepatitis C drugs.

On the downside

Crude oil prices continued to drop which sent shares of Laredo Petroleum (NYSE: LPI) and Swift Energy (NYSE: SFY) tumbling.

Shares of Micron Technology (NYSE: MU) fell ahead of its earnings release tomorrow, January 6, after market close.

Citigroup downgraded Ford (NYSE: F) from a Buy rating to a Neutral rating.

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 3 on Nasdaq. The broader S&P 500 plummeted 34 to 2023. Bitcoin gained $11 to $272.
Crude oil prices continued to fall which sent the markets tumbling to a sharply lower open with the Dow plummeting 171 points to 17,661. Nasdaq dropped 32 points to 4,693.

On the upside

Conatus Pharmaceuticals (Nasdaq: CNAT) will report results from three organ impairment clinical trials after market close on Thursday, January 8.

Cempra (Nasdaq: CEMP) reported positive results from a late stage trial of its antibiotic solithromycin.

The Food and Drug Administration granted Stereotaxis (Nasdaq: STXS) 510(k) clearance for its Vdrive(R) with V-CAS(TM) Catheter Advancement System.

On the downside

Brainstorm Cell Therapeutics (Nasdaq: BCLI) reported positive results from a Phase 2a clinical trial of its amyotrophic lateral sclerosis treatment NurOwn but the stock price surged last week in anticipation of the results.

Shares of Petrobras (NYSE: PBR) fell as crude oil prices continued to tumble.

Falling crude oil prices weighed down shares of offshore drilling services provider SeaDrill (NYSE: SDRL).

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 plunged 24 to 2033. Bitcoin gained $13 to $274.

Flat close as factory growth slows

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The markets closed flat with the Dow rising 9 points to 17,832 as factory growth slowed in December. Nasdaq lost 9 points to 4,726.

On the upside

Rite Aid (NYSE: RAD) reported that December same store sales climbed 5.3%.

Shares of Viggle (Nasdaq: VGGL) soared on expectations that the social television market will expand.

The Chilean Supreme Court refused to hear an appeal by Barrick Gold (NYSE: ABX) of a ruling against the mining company but the stock price rose.

On the downside

Gentex (Nasdaq: GNTX) completed its 2-for-1 stock split.

Shares of NeuroDerm (Nasdaq: NDRM) extended its losses.

Investors locked in profits on Resolute Energy (NYSE: REN).

In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 4 on the NYSE while decliners edged out advancers by more than 5 to 4 on Nasdaq. The broader S&P 500 eased a fraction to 2058. Bitcoin held steady at $314.
Slowing growth of the manufacturing sector sent the markets down during the midday with the Dow falling 79 points to 17,743. Nasdaq tumbled 35 points to 4,700.

On the upside

Beijing increased the limit of housing public accumulation fund loans which lifted shares of SouFun Holdings (NYSE: SFUN).

Shares of Exelixis (Nasdaq: EXEL) extended its gains.

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

On the downside

Profit taking continued to weigh down shares of LifeLock (NYSE: LOCK).

Weight Watchers (NYSE: WTW) redesigned its magazine but the stock price fell.

Investors locked in profits on NephroGenex (Nasdaq: NRX).

In the broad market, declining issues outpaced advancers by a margin of more than 5 to 4 on the NYSE and by nearly 2 to 1 on Nasdaq. The broader S&P 500 fell 10 points to 2047. Bitcoin held steady at $314.
The markets opened higher on the first trading day of 2015 with the Dow climbing 77 points to 17,900. Nasdaq gained 17 points to 4,753.

On the upside

Shares of Brainstorm Cell Therapeutics (Nasdaq: BCLI) extended its gains.

Linn Energy (Nasdaq: LINE) slashed its capital budget for 2015 by 53% and cut its annual distribution from $2.90 to $1.25 per unit.

Perfect World (Nasdaq: PWRD) founder and chairman Michael Yufeng Chi offered a premium of $20 per American Depositary Share to take the company private.

On the downside

Falling crude oil prices weighed down shares of Petrobras (NYSE: PBR).

MiMedx (Nasdaq: MDXG) received a subpoena from the Health and Human Services Department in relation to an investigation into its sales and marketing practices.

Harvest Natural (NYSE: HNR) terminated an agreement to sell its remaining interests in Venezuela.

In the broad market, advancing issues outpaced decliners by a margin of more than 3 to 2 on both the NYSE and on Nasdaq. The broader S&P 500 rose 4 points to 2063. Bitcoin added $1 at $315.

U. S. markets closed

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U. S. markets are closed for New Year's Day.

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