Technical Problems Caused Drop In Jobless Claims, Markets Close Lower

The markets closed lower with the Dow losing 25 points to 15,300 on reports that technical problems caused a sharp drop in jobless claims. Nasdaq fell 9 points to 3715.

On the upside

SeaWorld Entertainment (NYSE: SEAS) reported higher year-to-date revenue and expects record revenue for the full year.

A Seeking Alpha contributor wrote that Goodrich Petroleum (NYSE: GDP) could double its stock price.

STMicroelectronics (NYSE: STM) will trade ex-dividend on Monday, September 16, 2013.


On the downside


Idera Pharmaceuticals (Nasdaq: IDRA) will provide an update of developments in its autoimmune compounds program at the Stifel Nicolaus 2013 Healthcare Confernece.

Shares of ExOne (Nasdaq: XONE) continued falling after pricing its public offering of 2.656 million common shares at a discount earlier this week.

Possible competition from generic drugs weighed down shares of Amarin (Nasdaq: AMRN).

In the broad market, declining issues outpaced advancers by a margin of more than 2 to 1 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 fell 5 points to 1683.

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