It was a mixed close for the markets with the Dow gaining 28 points to 16,469 while Nasdaq slipped 11 points to 4131 on the second trading day of 2014.
On the upside
The Centers for Medicare and Medicaid Services began paying higher reimbursements to BG Medicine (Nasdaq: BGMD) for its galactic-3 blood test on January 1, 2014.
Rumors circulated that Telefonica was interested in acquiring TIM Participacoes (NYSE: TSU).
Qunar Cayman Islands (Nasdaq: QUNR) reported record single day air ticket bookings of more than 60,000 over New Year.
On the downside
Zacks Investment Research downgraded Tower Group International (Nasdaq: TWGP) from a Sell rating to a Strong Sell rating.
Investors locked in profits on WPCS International (Nasdaq: WPCS).
Profit taking weighed down shares of Molycorp (NYSE: MCP).
In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 4 on both the NYSE and on Nasdaq. The broader S&P 500 held steady at 1831. Bitcoin added $14.00 or 1.60% to $876.00.