Markets slip as Chinese exports drop

A drop in Chinese exports in March sparked concerns of a global economic slowdown and weighed the markets down during the midday with Dow losing 33 points to 18,024.  Nasdaq added 2 points to 4,998.

On the upside

Shares of AirMedia Group (Nasdaq: AMCN) continued climbing.

Sysorex Global Holdings (Nasdaq: SYRX) subsidiary Lilien Systems was named to The Channel Company's CRN Tech Elite 250.

Goldman Sachs upgraded Clovis Oncology (Nasdaq: CLVS) to a Buy rating from a Neutral rating and increased its price target to $117 from $68.

On the downside

Cytori Therapeutics (Nasdaq: CYTX) reported a 50% reduction in the average therapeutic benefit on hand pain from six months to twelve months in a Scleradec-I clinical trial.

Basic Energy Services (NYSE: BAS) reported lower fluid service truck count and hours as well as a drop in rig utilization rate to 50% from 81% for the month of March compared with last year.

Slipping gold prices weighed down shares of Kinross Gold (NYSE: KGC).
In the broad market, advancing issues barely edged out decliners by a slim margin on the NYSE and by more than 9 to 7 on Nasdaq. The broader S&P 500 lost 4 points to 2097. Bitcoin slipped $1 to $233.

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This page contains a single entry by published on April 13, 2015 10:32 AM.

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