Earnings concerns weigh down markets

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Earnings concerns sent the markets down to a lower close with Dow dropping 80 points to 17,977.  Nasdaq slipped 7 points to 4,988.

On the upside

Bloomberg reported that Alcatel-Lucent (NYSE: ALU) was close to finalizing a deal to sell its mobile networks business to Nokia (NYSE: NOK).

Recro Pharma (Nasdaq: REPH) completed its acquisition of IV/IM meloxicam and a contract manufacturing facility, royalty and formulation business from Alkermes.

Paragon Offshore (NYSE: PGN) released its fleet status report today.

On the downside

Shares of Cytosorbents (Nasdaq: CTSO) continued falling.

Exports of made-in-the-USA cars climbed in 2014 but shares of Ford (NYSE: F) slipped.

Altisource Portfolio Solutions (Nasdaq: ASPS) launched its Residential Investor One cooperative but the stock price fell.
 
In the broad market, declining issues outpaced advancers by a margin of 5 to 3 on the NYSE and by nearly 10 to 9 on Nasdaq. The broader S&P 500 fell 9 points to 2092. Bitcoin lost $11 to $222.

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This page contains a single entry by published on April 13, 2015 2:13 PM.

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