Uncertainty Weighs Down Markets

Uncertainty about the Federal Reserve's decision to delay tapering weighed the markets down during the midday with the Dow losing 34 points to 15,642. Nasdaq edged up a point to 3785.

On the upside

Shares of Acceleron Pharma (Nasdaq: XLRN) soared on its first trading day.

China announced new energy vehicle subsidies for 2013-2015 which sent shares of electric vehicle maker Kandi Technologies (Nasdaq: KNDI) soaring.

Stifel Nicolaus analyst Jordan Rohan upgraded Groupon (Nasdaq: GRPN) from a Hold rating to a Buy rating.

On the downside

BPZ Resources (NYSE: BPZ) priced its offering of convertible senior notes.

Profit taking sank shares of Harmony Gold (NYSE: HMY).

Morgan Stanley downgraded Popular (Nasdaq: BPOP) from an Equal Weight rating to an Underweight rating.

In the broad market, declining issues outpaced advancers by a margin of more than 7 to 5 on both the NYSE and on Nasdaq. The broader S&P 500 slipped 3 points to 1722.

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