Flat Close As Tapering Weighs On Investors

The markets closed flat with the Dow losing 5 points to 15,419 over concerns about the impact of the impending Federal Reserve tapering. Nasdaq added 9 points to 3669.

On the upside

Rising gold prices lifted shares of Harmony Gold (NYSE: HMY) and Eldorado Gold (NYSE: EGO).

Shares of Endeavour Silver (NYSE: EXK), Silver Standard Resources (Nasdaq: SSRI) and Silvercorp Metals (NYSE: SVM) all rose as silver prices climbed.

Bargain hunters lifted shares of Universal Display (Nasdaq: OLED).

On the downside

Albany Molecular (Nasdaq: AMRI) development partner Bristol-Myers Squibb ended clinical trials of the antidepressant BMS-820836.

A Seeking Alpha contributor warned that Stonemor Partners' (NYSE: STON) high dividend was unsustainable.

Laredo Petroleum (NYSE: LPI) will offer 16 million shares of common stock.

In the broad market, advancing issues outpaced decliners by a margin of 10 to 9 on the NYSE and by more than 9 to 7 on Nasdaq. The broader S&P 500 eased a point to 1689.

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