Fiscal Cliff Worries Sink Stocks
Fiscal cliff worries sent the markets tumbling to a lower close with the Dow falling 51 points to 13,139 on a shortened trading day. Nasdaq lost 8 points to 3012.
On the upside
A Seeking Alpha contributor expects Celsion (Nasdaq: CLSN) to report upbeat results for its HEAT phase III clinical trail.
Increased auto sales in 2012 lifted shares of Ford (NYSE: F).
Wall Street Cheat Sheet rated Rite Aid (NYSE: RAD) a cautious Outperform.
On the downside
Shares of Advanced Micro Devices (NYSE: AMD) dropped. TheStreet lowered its estimates on the semiconductor last week. Nu Skin Enterprises (NYSE: NUS) extended its losses in the wake pyramid scheme allegations leveled at fellow direct marketer Herbalife (NYSE: HLF).
Shares of Herbalife (NYSE: HLF) retreated despite announcing a stock repurchase plan.
In the broad market, declining issues outpaced advancers by a margin of more than 7 to 5 on the NYSE and by nearly 5 to 3 on Nasdaq. The broader S&P 500 index slipped 3 points to 1426.
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