Lower Close As Shutdown Continues

The markets closed lower with the Dow dropping 58 points to 15,133 as the government shutdown continued. Nasdaq slipped 2 points to 3815.

On the upside

The Food and Drug Administration and the European Medicines Agency both accepted for review Omeros' (Nasdaq: OMER) Marketing Authorization Application for OMS302.

A Seeking Alpha contributor wrote that Alcatel-Lucent's (NYSE: ALU) transition to cloud based telecommunications solutions will reap benefits.

Shares of Renren (NYSE: RENN) rose over speculation that Baidu (Nasdaq: BIDU) may acquire Renren's Nuomi.com.

On the downside

Fleetmatics Group (NYSE: FLTX) entered oversold territory.

Investors locked in profits on Ion Geophysical (NYSE: IO).

Profit taking weighed down shares of China Sunergy (Nasdaq: CSUN).

In the broad market, declining issues outpaced advancers by a margin of 9 to 7 on the NYSE and by nearly 5 to 3 on Nasdaq. The broader S&P 500 eased a points to 1693.

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