The markets extended its losses during the midd a with the Dow falling 66 points to 13,317 on expectations of sluggish earnings. Nasdaq dropped 17 points to 3081. On the upside
Holiday same store sales climbed 4.7% for Signet Jewelers (NYSE: SIG). The Medicines Company (Nasdaq: MDCO) reported positive results from a Phase 3 clinical trial of its cangrelor treatment for patients undergoing percutaneous coronary intervention. Star Scientific (Nasdaq: STSI) reported positive preliminary results from its ASAP Human Thyroid Study. On the downside Cypress Semiconductor (Nasdaq: CY) warned that fourth quarter results will fall short of expectations.Despite a new debt agreement, Seeking Alpha does not recommend investing in Alcatel-Lucent (NYSE: ALU). William Blair analyst Jason Ader downgraded Fusion-io (NYSE: FIO) to a Neutral rating. In the broad market, declining issues outpaced advancers by a margin of more than 5 to 3 on both the NYSE and on Nasdaq. The broader S&P 500 index fell 7 points to 1454.