Disappointment With Service Sector Expansion Weighs Down Markets

Disappointment that service sector expansion slowed in December weighed the markets down to a lower close with the Dow losing 44 points to 16,425. Nasdaq fell 18 points to 4113.

On the upside

Shares of Origin Agritech (Nasdaq: SEED) soared ahead of its earnings release before market open on Wednesday, January 8, 2014.

LightInTheBox (NYSE: LITB) purchased social e-commerce company Ador for an undisclosed sum.

Piper Jaffray upgraded Exelixis (Nasdaq: EXEL) from a Neutral rating to an Overweight rating.


On the downside


Investors locked in profits on Kandi Technologies (Nasdaq: KNDI).

Motley Fool wrote on Friday that Halcon Resources (NYSE: HK) was not as well positioned to profit in 2014 as its peers.

Bull Harbor Capital rated WPCS International (Nasdaq: WPCS) a Strong Sell.

In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 4 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 lost 4 points to 1826. Bitcoin rose $14.00 or 1.38% to $1016.10.

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