The markets closed mixed with the Dow losing 40 points to 15,636 over the Federal Reserve’s decision to delay tapering its stimulus measures. Nasdaq added 5 points to 3789.
On the upside
Rising shipping rates lifted shares of Eagle Bulk Shipping (Nasdaq: EGLE) and Genco Shipping & Trading (NYSE: GNK).
Pandora Media (NYSE: P) increased its stock offering from 10 million shares to 13 million shares and raised its offering price to $25 per share.
Isis Pharmaceuticals (Nasdaq: ISIS) reported upbeat preliminary results from a Phase I study of its spinal muscular atrophy treatment ISIS-SMN Rx.
On the downside
A Seeking Alpha contributor wrote that Fleetmatics Group (NYSE: FLTX) was overvalued and questioned the accuracy of its financial statements.
Investors locked in profits on Questcor Pharmaceuticals (Nasdaq: QCOR).
Profit taking weighed down shares of Gold Fields (NYSE: GFI) and Seabridge Gold (NYSE: SA).
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 4 on Nasdaq. The broader S&P 500 slipped 3 points to 1722.
