Corporate News, Ukraine Hit U.S. Stocks
Midnight Trader | Mar 12, 2014 04:04PM ET
Stocks recovered off their worst levels to end narrowly mixed as worries over the global implications of a slowing Chinese economy dampened demand for risky assets, luring investors instead into the safety of the U.S. government bond market. Blue chips underperformed as a result of losses in Boeing (FMCC ) tumbled following the decision by the Senate Banking Committee to dismantle the government-owned mortgage lenders.h2 Here's Where Markets Stood At The Close/h2
US MARKETS
- Dow Jones Industrial Index was down 0.07%
- S&P 500 was up 0.03%
- Nasdaq Composite Index was up 0.37%
GLOBAL SENTIMENT
- FTSE 100 was down 0.97%
- Nikkei 225 was down 2.59%
- Hang Seng Index was down 1.65%
- Shanghai China Composite Index was down 0.17%
UPSIDE MOVERS
- OXGN (+77.27%) Reported positive top-line results for a clinical trial of an ovarian-cancer treatment
- EPL (+28.82%) Energy XXI agrees to buy EPS Oil & Gas for $2.3 bln
- INFN (+14.91%) Upgraded by Goldman Sachs from Neutral to Buy
DOWNSIDE MOVERS
- HRZN (-11.84%) Downgraded to Underperform from Market Perform at both Gilford Securities and Keefe, Bruyette & Woods.
- HLF (-7.37%) Received a Civil Investigative Demand from the Federal Trade Commission.
- ORMP (-15.53%) Insulin pill criticized, faces competition from Novo Nordisk
- HDY (-58.75%) Exploration partner cites force majeure surrounding U.S. DOJ and SEC probes
- GERN (-61.59%) FDA puts a hold on Imetelstat drug application
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