S&P Downgrades France, Markets Close Lower

Standard & Poor's downgraded the credit rating of France to weigh the markets down to a lower close with the Dow falling 48 points to 12,422. Nasdaq lost 14 points to 2710.

On the upside

Idenix Pharmaceuticals (Nasdaq: IDIX) engaged in discussions to identify a partner to jointly develop a drug cocktail to treat hepatitis C.


Bloomberg News reported that BankUnited (NYSE: BKU) retained the services of Goldman Sachs to explore the possible sale of the company.


China Ming Yang Wind Power Group (NYSE: MY) successfully hosted its 2012 Ming Yang Wind Power Strategy Supply Chain Conference with more than 276 suppliers in attendance.

On the downside


A 21% drop in December video game hardware and software sales weighed down shares of Electronic Arts (Nasdaq: EA).


Two Tesla Motor (Nasdaq: TSLA) executives who worked on the Model S luxury sedan left the electric car company this month.

Raymond James downgraded JA Solar (Nasdaq: JASO) to an Underperform rating.

In the broad market, declining issues outpaced advancers by a margin of more than 5 to 3 on the NYSE and by more than 2 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks lost 6 points to 764.

Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here