An upbeat jobs report sparked concerns that the Federal Reserve would accelerate its bond tapering program. The markets closed lower with the Dow losing 17 points to 16,444 while Nasdaq fell 9 points to 4156.
On the upside
Aegis lifted its price target on Galectin Therapeutics (Nasdaq: GALT) from $10 to $16.
MannKind (Nasdaq: MNKD) will present at the J.P. Morgan 2014 Healthcare Conference on Wednesday, January 15, 2014 in San Francisco.
Macy's (NYSE: M) reported a 4.3% increase in November and December same store sales and announced the elimination of 2,500 jobs to save $100 million each year.
On the downside
Concerns that a highly competitive online travel environment would negatively impact earnings sent shares of Ctrip.com International (Nasdaq: CTRP) and Qunar Cayman Islands (Nasdaq: QUNR) tumbling.
A labor contract extension may be voted down by YRC Worldwide's (Nasdaq: YRCW) union.
Investors locked in profits on Zalicus (Nasdaq: ZLCS).
In the broad market, advancing issues outpaced decliners by a margin of 10 to 9 on the NYSE while decliners edged out advancers by nearly 10 to 9 on Nasdaq. The broader S&P 500 edged up a point to 1838. Bitcoin added $11.50 or 1.23% to $934.50.
