Lower close as ECB fails to act

The markets closed lower with the Dow slipping 12 points to 17,900 after the ECB failed to enact additional stimulus measures at its last meeting of the year. Nasdaq lost 5 points to 4,769.

On the upside

The Justice Department's finding that Cleveland Police officers use excessive force lifted shares of body camera maker Digital Ally (Nasdaq: DGLY).

Fourth quarter earnings fell for Avago Technolgies (Nasdaq: AVGO) but the results were better than expected.

RCS Capital (NYSE: RCAP) settled a suit brought against the company by American Realty Capital Properties (Nasdaq: ARCP).

On the downside

Investors locked in profits on MOL Global (Nasdaq: MOLG).

Bloomberg reported that Starz (Nasdaq: STRZA) was unable to sell itself and now must explore other options.

FX Energy (NYSE: FXEN) will plug and abandon the Angowice-1 well after drilling to 3,880 meters and discovering nothing of significance.

In the broad market, declining issues outpaced advancers by a margin of more than 5 to 3 on the NYSE and by more than 3 to 2 on Nasdaq. The broader S&P 500 slipped 2 points to 2071. Bitcoin lost $4 to $368.
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