Fed Tapering Timing Still A Mystery

Vague comments about the timing of the Federal Reserve tapering sent the markets tumbling to a sharply lower close with the Dow plummeting 105 points to 14,897. Nasdaq fell 13 points to 3599.

On the upside

Tuesday Morning (Nasdaq: TUES) widened losses for the fourth quarter and named Michael Rouleau to the position of chief executive officer.

Cowen & Co.'s upgrade of Trina Solar (NYSE: TSL) lifted shares of Yingli Green Energy (NYSE: YGE) and Renesola (NYSE: SOL).

Dougherty & Co. initiated coverage of BioTelemetry (Nasdaq: BEAT) with a Buy rating.

On the downside

Bottomline Technologies (Nasdaq: EPAY) widened fourth quarter losses.

21Vianet Group (Nasdaq: VNET) fell to a greater than expected loss for the second quarter.

UBS downgraded Harmony Gold Mining (NYSE: HMY) from a Neutral rating to a Sell rating.

In the broad market, declining issues outpaced advancers by a margin of more than 5 to 2 on the NYSE and by more than 2 to 1 on Nasdaq. The broader S&P 500 fell 9 points to 1642.

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