Lower Open As Manufacturing Slows

A slowdown in manufacturing weighed the markets down to a lower open with the Dow slipping 20 points to 16,282. Nasdaq plunged 56 points to 4220.

On the upside

MicroVision (Nasdaq: MVIS) will provide customized PicoP® display modules to UPS.

China's Administration of Industry and Commerce fined Nu Skin Enterprises (NYSE: NUS) $540,000 for illegal sales practices and product claims. The fine was smaller than expected

Fourth quarter earnings more than doubled for China Recycling Energy (Nasdaq: CREG) as revenue surged.

On the downside


Profit taking weighed down shares of MagneGas (Nasdaq: MNGA).

Investors continued to lock in profits on Idera Pharmaceuticals (Nasdaq: IDRA).

Arrowhead Research (Nasdaq: ARWR) began patient dosing in a Phase 2a clinical trial of ARC-520 to treat chronic hepatitis B but the stock price plunged.

In the broad market, declining issues outpaced advancers by a margin of nearly 2 to 1 on the NYSE and by 3 to 1 on Nasdaq. The broader S&P 500 lost 7 points to 1858. Bitcoin eased $0.81 or 0.14% to $565.00.

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