The markets traded mixed during the midday with the Dow adding 9 points to 15,884 as the Federal Reserve is about to end its final meeting of the year. Nasdaq lost 25 points to 3998.
On the upside
eOn Communications (Nasdaq: EONC) will merge with Inventergy and rename the new company Inventergy Global.
DepoMed (Nasdaq: DEPO) paid $48.7 million for the United States rights to Nautilus Neurosciences' migraine treatment CAMBIA.
Shares of AMC Entertainment (NYSE: AMC) climbed in its market debut.
On the downside
WPCS International (Nasdaq: WPCS) will purchase BTX Trader, which is developing a proprietary platform to trade bitcoins.
Shares of Micron (Nasdaq: MU) dropped after Bloomberg reported that rival Hynix will build a new factory in South Korea.
Ford (NYSE: F) cut its 2014 earnings guidance and warned of lower operating margins.
In the broad market, declining issues outpaced advancers by a margin of 10 to 9 on the NYSE and by more than 9 to 7 on Nasdaq. The broader S&P 500 slipped 3 points to 1777. Bitcoin plunged $120.10 or 16.68% to $600.00.
