Modestly Lower Close Ahead Of Fed Decision

The markets closed modestly lower with the Dow slipping 9 points to 15,875 ahead of the Federal Reserve's tapering decision. Nasdaq lost 5 points to 4023.

On the upside

A Seeking Alpha contributor wrote on Friday that Stereotaxis' (Nasdaq: STXS) valuation was low compared with its peers.

Yingli Green Energy (NYSE: YGE) issued a press release affirming that it was in full compliance with the European Union's price undertakings and would therefore be exempt from any duties.

Sprint (NYSE: S) partnered with Dish Network to test trial a wireless broadband service.


On the downside


Spectrum Pharmaceuticals (Nasdaq: SPPI) will offer $100 million worth of convertible senior notes.

BorgWarner (NYSE: BWA) will purchase Gustav Wahler.

FactSet Research Systems (NYSE: FDS) reported higher first quarter earnings but the results fell short of analyst expectations.

In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 4 on both the NYSE and on Nasdaq. The broader S&P 500 lost 5 points to 1781. Bitcoin dropped $63.34 or 8.05% to $723.21.

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