Lower Open Over Tepid Holiday Sales

Concerns about tepid holiday spending weighed the markets down to a lower open with the Dow falling 54 points to 15,954. Nasdaq held steady at 4045.

On the upside

Germany determined that three Tesla (Nasdaq: TSLA) Model S fires were not due to manufacturer related defects.

EnteroMedics (Nasdaq: ETRM) reported positive interim results from a 5 year ReCharge Pivotal Trial of VBLOC to treat obesity.

Unilife (Nasdaq: UNIS) will supply Novartis with a customized, injectable delivery device.


On the downside


Krispy Kreme Doughnuts (NYSE: KKD) reported higher third quarter earnings but the company forecast full year earnings below analyst expectations.

Investors locked in profits on Camtek (Nasdaq: CAMT).

A Seeking Alpha contributor wrote that PDL Biopharma (Nasdaq: PDLI) was severely overvalued.

In the broad market, declining issues outpaced advancers by a margin of more than 9 to 7 on the NYSE and while advancers barely edged out decliners by a slim margin on Nasdaq. The broader S&P 500 slipped 2 points to 1797. Bitcoin edged up $11.99 or 1.11% to $1,097.10.

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