Sequester Concerns Weigh Down Markets

The markets turned negative during the midday with the Dow losing 37 points to 13,962 as the nation moved closer to the sequester. Nasdaq slipped 2 points to 3159.

On the upside

Endo Health Solutions (Nasdaq: ENDP) named Rajiv De Silva as its new president and chief executive.

Barnes & Noble (NYSE: BKS) founder Leonard Riggio will attempt to purchase the booksellers retail business.

Canaccord upgraded Venaxis (Nasdaq: APPY) to a Buy rating.

On the downside

Piper Jaffray analyst Jagadish Iyer lowered his 2013 earnings and revenue guidance for Universal Display (Nasdaq: PANL) saying that the company may not be the solo components vendor for Samsung's Galaxy S4.

Sinopec will acquire a 50% stake in Chesapeake Energy's (NYSE: CHK) Oklahoma assets at a discounted price.

Dillard's (NYSE: DDS) reported higher fourth quarter earnings but the results missed analyst estimates.

In the broad market, declining issues outpaced advancers by a margin of 7 to 5 on the NYSE and by more than 3 to 2 on Nasdaq. The broader S&P 500 index lost 4 points to 1511.

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