Shutdown Enters 8th Day, Markets Open Lower

The markets opened lower with the Dow slipping 18 points to 14,917 as the government shutdown entered its eighth day. Nasdaq fell 9 points to 3761.

On the upside

Agenus (Nasdaq: AGEN) reported positive results from a Phase 3 study of GlaxoSmithKline's (NYSE: GSK) malaria vaccine RTS,S that contains Agenus' QS-21 Stimulon adjuvant.

Zacks Investment Research upgraded ReneSola (NYSE: SOL) to a Strong Buy.

J.C. Penney (NYSE: JCP) reported that September's drop in same store sales was smaller than the drop in August.

On the downside

Tower Group International (Nasdaq: TWGP) must add $365 million to its reserves and warned that it will have to take a $215 million goodwill impairment charge for the second quarter.

Jamba Juice (Nasdaq: JMBA) lowered its full year outlook prompting a downgrade.

Investors locked in profits on Cell Therapeutics (Nasdaq: CTIC).

In the broad market, declining issues barely edged out advancers by a slim margin on the NYSE while advancers barely outpaced decliners on Nasdaq. The broader S&P 500 eased a fraction to 1675.

Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here