Lower open despite rumors of ECB bond buying plan

The markets markets opened lower with the Dow losing 33 points to 17,481 even as reports circulated that the European Central Bank would purchase approximately 50 billion euros in bonds per month. Nasdaq slipped 4 points to 4,650.

On the upside

The Henan Pingdingshan Shilong District Science and Technology Bureau approved SinoCoking's (Nasdaq: SCOK) Underground Coal Gasification program as a Technology Demonstration project.

Netflix (Nasdaq: NFLX) reported higher fourth quarter earnings and revenue along with strong subscriber growth.

Bargain hunters lifted shares of FXCM (NYSE: FXCM).

On the downside

Eldorado Gold (Nasdaq: EGO) reported record gold production in 2014 but forecast sharply lower production for 2015.

Arena Pharmaceuticals (Nasdaq: ARNA) sold 21 million shares of common stock to Jefferies and Piper Jaffray.

Whiting USA Trust I (NYSE: WHX) expects the net profits interest termination date to be January 31, 2015.

In the broad market, declining issues outpaced advancers by a margin of nearly 9 to 7 to 2 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 added 3 points to 2026. Bitcoin held steady at $209.
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