Lower open as crude oil slips

The markets opened lower with the Dow falling 45 points to 17,537 as crude oil prices slipped. Nasdaq dropped 22 points to 4,799.


On the upside


Celator Pharmaceuticals (Nasdaq: CPXX) priced its public offering of 4 million common stock at the price of $9.50 per share.


The journal Proceedings of the National Academy of Sciences published upbeat clinical data about Cerulean Pharma's (Nasdaq: CERU) CRLX101.


TheStreet identified Pernix Therapeutics (Nasdaq: PTX) as one of six biotech stocks under $10 that is poised to breakout.


On the downside


Pinnacle Foods (NYSE: PF) chief executive Robert J. Gamgort will leave the company to assume the chief executive position at Keurig Green Mountain (Nasdaq: GMCR).


SunEdison (NYSE: SUNE) stock extended its losses.


Retreating gold prices weigh down shares of Yamana Gold (NYSE: AUY).


In the broad market, declining issues outpaced advancers by a margin of 5 to 2 on the NYSE by more than 2 to 1 on Nasdaq. The broader S&P 500 fell 6 points to 2,043. Bitcoin held steady at $415.

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