Lower Close Despite Upbeat Jobs Report

The nation's employers added more jobs than expected in November but the markets closed lower with the Dow losing 24 points to 15,889. Nasdaq edged up a fraction to 4038.

On the upside

A Seeking Alpha contributor wrote that Dataram (Nasdaq: DRAM) stock would climb.

A Seeking Alpha article said that Tonix Pharmaceutical (Nasdaq: TNXP) was undervalued and had tremendous upside potential.

Idera Pharmaceuticals (Nasdaq: IDRA) opened enrollment for a Phase 1/2 clinical trial of IMO-8400.


On the downside


The Centers for Medicare and Medicaid Services lowered its reimbursement for remote cardiac monitoring services which sent shares of BioTelemetry (Nasdaq: BEAT) tumbling.

Shares of FreeSeas (Nasdaq: FREE) continued falling after announcing a 5-for-1 reverse stock split on Monday.

Ambit Biosciences (Nasdaq: AMBI) must conduct a Phase 3 study of quizartinib before submitting a New Drug Application to the Food and Drug Administration.

In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 3 on the NYSE and by 7 to 5 on Nasdaq. The broader S&P 500 slipped 2 points to 1792. Bitcoin climbed $18.05 or 1.50% to $1,223.10.

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