Financial News

Global tensions weigh down markets

Global tensions dampened investor enthusiasm to send the markets down to a lower close with the Dow losing 48 points to 17,051. Nasdaq fell 7 points to 4,424.

On the upside

China's Classification Society granted type approval to Euro Tech Holdings (Nasdaq: CLWT) for its 300 Cubic Meters per hour Ballast Water Treatment Systems.

Shares of NQ Mobile (NYSE: NQ) extended its gains.

Barron's wrote that Horsehead Holding (Nasdaq: ZINC) had the potential to soar 40%.

On the downside

Bank of America/Merrill Lynch downgraded Itron (Nasdaq: ITRI) from a Buy rating to an Underperform rating.

Shares of Qiwi (Nasdaq: QIWI) continued falling as the threat of additional international sanctions against Russia intensified.

Investors locked in profits on TubeMogul (Nasdaq: TUBE).

In the broad market, declining issues outpaced advancers by a margin of more than 5 to 3 on the NYSE and by nearly 5 to 3 on Nasdaq. The broader S&P 500 lost 4 points to 1973. Bitcoin held steady at $618.

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