Lower Open As JP Morgan Disappoints

Disappointing results from JP Morgan weighed the markets down to a lower open with the Dow tumbling 94 points to 16,075. Nasdaq dropped 27 points to 4026.

On the upside

Ametek will pay a premium of $19.25 per share in cash to acquire Zygo (Nasdaq: ZIGO).

Jefferies analyst Mark Wiltamuth increased his price target on Rite Aid (NYSE: RAD) from $5.30 to $7.50.

Standard & Poor's Ratings Services and Moody's Investors Service both upgraded the ratings on SiriusXM's (Nasdaq: SIRI) 5.25% Senior Notes due 2011 to investment grade.

On the downside

Regado Biosciences (Nasdaq: RGDO) priced its public offering of 10 million common shares at the discounted price of $6 per share.

Voxeljet (NYSE: VJET) priced its public offering of 3 million American Depositary Shares at the discounted price of $15 per ADS.

NQ Mobile (NYSE: NQ) fell to a greater than expected loss for the fourth quarter.

In the broad market, declining issues outpaced advancers by a margin of 5 to 2 on the NYSE and by nearly 3 to 1 on Nasdaq. The broader S&P 500 fell 8 points to 1824. Bitcoin climbed $40.62 or 10.94% to $412.00.

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