October 07, 2013 at 10:42 AM EDT
Lower Open As Shutdown Continues

The markets opened lower with the Dow tumbling 84 points to 14,988 as the government shutdown continued. Nasdaq fell 14 points to 3793.

On the upside

Cell Therapeutics (Nasdaq: CTIC) and the Food and Drug Administration reached an agreement on a Special Protocol Assessment for a Phase 3 clinical trial of pacritinib.

JANA Partners acquired a 13.5% stake in Outerwall (Nasdaq: OUTR).

Macquarie upgraded BlackBerry (Nasdaq: BBRY) from an Underperform rating to a Neutral rating.


On the downside


Cooper Tire & Rubber (NYSE: CTB) filed a court complaint demanding that Apollo Tyres complete its acquisition of Cooper Tire

DryShips (NYSE: DRYS) will sell up to $200 million worth of common stock.

Atossa Genetics (Nasdaq: ATOS) recalled medical device for breast cancer detection.

In the broad market, declining issues outpaced advancers by a margin of more than 4 to 1 on the NYSE and by 3 to 1 on Nasdaq. The broader S&P 500 lost 7 points to 1682.

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