Crude oil prices retreated to weigh the markets down during the midday with the Dow dropping 59 points to 17,661. Nasdaq lost 21 points to 5,086.
On the upside
MeetMe (Nasdaq: MEET) reported a record of more than 30 million chats on Monday, December 28.
Cadiz (Nasdaq: CDZI) entered a 99-year lease agreement with Water Asset Management for $12 million.
TheStreet downgraded Chimerix (NYSE: CMRX) to a Sell rating but the stock price rose.
On the downside
Morgan Stanley downgraded Memorial Production Partners (Nasdaq: MEMP) from an Overweight rating to an Equal Weight rating.
Falling crude oil prices weighed down shares of Chesapeake Energy (NYSE: CHK), Linn Energy (Nasdaq: LINE) and Southwestern Energy (NYSE: SWN).
Shares of Banco Bradesco (NYSE: BBD) fell over concerns about Brazil's economy.
In the broad market, declining issues outpaced advancers by a margin of more than 5 to 3 on the NYSE and by more than 3 to 2 on Nasdaq. The broader S&P 500 fell 7 points to 2,071. Bitcoin slipped $2 to $427.
