Wary Investors, Mixed Close

The markets closed mixed with the Dow gaining 41 points to 14,799 as investors cautiously returned to the markets. Nasdaq slipped 7 points to 3357.

On the upside

Crestwood Midstream Partners (NYSE: CMLP), Crestwood Holdings, Inergy (NYSE: NRGY) and Inergy Midstream (NYSE: NRGM) completed two out of three steps to complete their merger.

A Seeking Alpha contributor wrote that Amgen (Nasdaq: AMGN) had strong pipeline of drugs due in part to its partnership with Cytokinetics (Nasdaq: CYTK).

OSI Systems (Nasdaq: OSIS) reached an agreement to settle concerns with the Department of Homeland Security related to the company's Rapiscan Secure 1000SP full body scanners.


On the downside


Nasdaq informed Biosante Pharmaceuticals (Nasdaq: BPAX) that it would be delisted for failing to comply with listing criteria.


Concerns that home sales will drop in response to a tapering of stimulus measures weighed down shares of Lumber Liquidators (NYSE: LL) and Nationstar Mortgage (NYSE: NSM).


Kindred Healthcare will not renew its contract with PharMerica (NYSE: PMC) for skilled nursing pharmacy services.

In the broad market, declining issues were on par with advancers on the NYSE while advancers edged out decliners by more than 7 to 5 on Nasdaq. The broader S&P 500 index rose 4 points to 1592.

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