Investors Digest Cyprus Bailout Details, Markets Fall

The markets turned negative during the midday with the Dow falling 51 points to 14,460 as investors digested details of the Cyprus bailout deal. Nasdaq lost 7 points to 3252.

On the upside

Japanese regulators approved the use of Stereotaxis' (Nasdaq: STXS) Niobe remote magnetic technology for cardiac ablations.

Piper Jaffray upgraded Array BioPharma (Nasdaq: ARRY) to an Overweight rating.

IAMGOLD (NYSE: IAG) adopted an advance notice by-law for director nominations.

On the downside

Alcatel-Lucent (NYSE: ALU) will introduce a new Software Defined Networking vision through a live webcast on April 2.

Bankruptcy concerns weighed down shares of Trina Solar (NYSE: TSL) and Yingli Green Energy (NYSE: YGE).

Raymond James downgraded Red Hat (NYSE: RHT) to a Market Perform rating.

In the broad market, declining issues outpaced advancers by a margin of more than 7 to 5 on the NYSE and by more than 9 to 7 on Nasdaq. The broader S&P 500 index slipped 2 points to 1554.

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