Funding Fears Weigh Down Stocks

Fears that the federal government's funding will run dry on October 17 weighed the markets down to a lower close with the Dow falling 61 points to 15,273. Nasdaq slipped 7 points to 3761.

On the upside

Trade-Ideas designated Uni-Pixel (Nasdaq: UNXL) as a "Barbarian at the Gate" stock.

Shares of JinkoSolar (NYSE: JKS), ReneSola (NYSE: SOL), Trina Solar (NYSE: TSL) and Yingli Green Energy (NYSE: YGE) all rose after the Solar Energy Industries Association offered a proposal to end the solar panel trade war between China and the US.

Silver Spring Networks (NYSE: SSNI) expanded its networking platform project in Portugal.


On the downside


Bloomberg reported that Clovis Oncology (Nasdaq: CLVS) was unable to find a buyer.

Landec (Nasdaq: LNDC) reported higher first quarter earnings but the results fell short of expectations.

Chatham Lodging Trust (NYSE: CLDT) priced its public offering of 3.25 million common shares at the discounted price of $18.35 per share.

In the broad market, declining issues barely edged out advancers by a slim margin on the NYSE and by 10 to 9 on Nasdaq. The broader S&P 500 slipped 4 points to 1692.

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