Markets slip over rate uncertainty

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The markets traded lower during the midday with Dow slipping 12 points to 18,068 even as investors expect the Federal Reserve to maintain low interest rates for the near future. Nasdaq fell 27 points to 5,064.

On the upside

Dell will resell Aerohive Networks' (NYSE: HIVE) cloud-managed Wi-Fi solutions.

Rising gold and silver prices lifted shares of Coeur Mining (NYSE: CDE).

Deutsche Bank maintained its Buy rating on Tesla (Nasdaq: TSLA) and issued a positive note on the electric vehicle maker ahead of an expected announcement on Thursday about new battery storage systems for homes and businesses.

On the downside

Regulus Therapeutics (Nasdaq: RGLS) reported new positive data for its hepatitis C treatment RG-101 but the stock price fell.

Profit taking weighed down share of Celldex Therapeutics (Nasdaq: CLDX).

Shares of MobileIron (Nasdaq: MOBL) extended its losses.
 
In the broad market, declining issues outpaced advancers 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 lost 5 points to 2112. Bitcoin added $5 to $223.

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This page contains a single entry by published on April 27, 2015 11:22 AM.

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