Financial News

Mixed close over sluggish Eurozone growth

The markets closed mixed with the Dow slipping 18 points to 17,634 despite a gain in retail sales as sluggish Eurozone growth weighed on investors. Nasdaq rose 8 points to 4,688.

On the upside

Silvercorp Metals (NYSE: SVM) swung to a profit for the second quarter as revenue rose and the company declared a quarterly dividend of CAD$0.005 per share payable on January 21, 2015 to shareholders of record December 31, 2014.

Bitauto Holdings (NYSE: BITA) reported higher third quarter earnings and revenue.

Bargain hunters lifted shares of OxiGene (Nasdaq: OXGN).

On the downside

SFX Entertainment (Nasdaq: SFXE) swung to a profit for the third quarter but revenue fell short of expectations.

Retrophin (Nasdaq: RTRX) widened third quarter losses.

YOU On Demand (Nasdaq: YOD) fell to a loss for the third quarter.

In the broad market, advancing issues outpaced decliners by a margin of 10 to 9 on the NYSE while decliners edged out advancers by a margin of nearly 10 to 9 on Nasdaq. The broader S&P 500 held steady at 2039. Bitcoin lost $17 to $397.
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