Lower Open In New Year After Record 2013

The markets opened lower on the first trading day of 2014 with the Dow dropping 87 points to 16,489 after a record finish to 2013. Nasdaq fell 28 points to 4148.

On the upside

Plug Power (Nasdaq: PLUG) met 2013 fourth quarter order targets of $32 million.

D.A. Davidson lifted its price target on Molycorp (NYSE: MCP) from $6 to $8.

WPCS (Nasdaq: WPCS) announced new contract awards of $6.8 million and engaged the services of a business broker to sell its 60% stake in a China-based joint venture.


On the downside


Shares of Star Scientific (Nasdaq: STSI) continued falling after confirming that it received a warning letter from the Food and Drug Administration.

DryShips (Nasdaq: DRYS) will resume sales of common shares through a previously announced $200 million program.

InterCloud Systems (Nasdaq: ICLD) completed its acquisition of Integration Partners.

In the broad market, declining issues outpaced advancers by a margin of nearly 3 to 1 on the NYSE and by more than 5 to 2 on Nasdaq. The broader S&P 500 lost 10 points to 1838. Bitcoin rose $24.00 or 3% to $824.00.

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