The markets closed lower with the Dow losing 33 points to 14,526 as banks in Cyprus prepared to reopen on Thursday. Nasdaq added 4 points to 3256.
On the upside
The South African Court of Appeal upheld a contract between Net 1 UEPS Technologies (Nasdaq: UEPS) and the South African Social Security Agency.
Shah Capital Management offered a premium of approximately $3.20 per share to take UTStarcom Holdings (Nasdaq: UTSI) private.
Barclays analyst Anthony DiClemente upgraded AOL (NYSE: AOL) to an Overweight rating.
On the downside
Tumi Holdings (NYSE: TUMI) announced a secondary offering of 10.14 million common shares.
Profit taking sank shares of Opexa Therapeutics (Nasdaq: OPXA).
Pacific Crest analyst Andy Hargreaves lowered his lowered his second quarter sales estimates for Apple's (Nasdaq: AAPL) iPhone and iPad.
In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 4 on the NYSE while decliners edged out advancers by nearly 10 to 9 on Nasdaq. The broader S&P 500 index eased a fraction to 1562.