The major indices ended 2016 in positive territory although the markets closed lower on the last trading day of the year with the Dow dropping 57 points to 19,762. Nasdaq tumbled 48 points to 5,383.
On the upside
Prospect Business Journal recommended WMIH (Nasdaq: WMIH) to investors interested in stocks under $5.00.
Leju Holdings (NYSE: LEJU) climbed for the fourth day in a row.
Golden Meditech Holdings will sell its entire stake in China Cord Blood (NYSE: CO) to Nanjing Yingpeng Huikang Medical Industry Investment Partnership.
On the downside
Investors locked in profits on McEwen Mining (NYSE: MUX).
Retreating silver prices weighed downs shares of Endeavour Silver (NYSE: EXK) and Fortuna Silver Mines (NYSE: FSM).
Profit taking weighed down shares of Nvidia (Nasdaq: NVDA), the best performing S&P 500 stock of 2016.
In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 4 on the NYSE and by more than 7 to 5 on Nasdaq. The broader S&P 500 index dropped 10 points to 2,238. Bitcoin added $1 to $944.
