Lower Close On Quiet Trading Day

The markets closed lower with the Dow easing a point to 16,478 on a quiet trading day. Nasdaq lost 10 points to 4156.

On the upside

Kandi Technologies Group (Nasdaq: KNDI) climbed after saying earlier this week that sales of electric vehicles are expected to accelerate.

Shares of Amyris (Nasdaq: AMRS) continued rising after announcing a $28 million private placement earlier this week.

Barclays analysts Eric Slover and Barry Knapp said that Walter Energy (NYSE: WLT) could outperform in 2014.

On the downside

Investors locked in profits on NewLead Holdings (Nasdaq: NEWL).

TheStreet noted that Pandora Media (NYSE: P) was one of five stocks weighing down the services sector.

Rising crude oil prices weighed down shares of United Continental (NYSE: UAL).

In the broad market, declining issues outpaced advancers by a margin of nearly 10 to 9 on both the NYSE and on Nasdaq. The broader S&P 500 eased a fraction to 1841. Bitcoin soared $107.20 or 15.65% to $792.10.

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