Lower close as investors monitor holiday sales

The markets extended its losses to close lower with the Dow tumbling 78 points to 17,719 as investors weighed record Cyber Monday sales against lackluster Black Friday numbers. Nasdaq lost 18 points to 5,108.


On the upside


MagneGas (Nasdaq: MNGA) has received multiple requests for demonstrations and private meetings after exhibiting its technology at the Florida Defense Contractors Association Expo.


Bargain hunters lifted shares of EXCO Resources (NYSE: XCO).


The Food and Drug Administration accepted the New Drug Application for an extended release formulation of lorcaserin that was developed by Arena Pharmaceuticals (Nasdaq: ARNA) and Eisai.

On the downside


unique (Nasdaq: QURE) widened third quarter losses.


The Brazilian government will sue Vale (NYSE: VALE) and BHP (NYSE: BHP) for $5.2 billion in damages caused when a dam that is owned by the two mining companies burst.


Macrocure (Nasdaq: MCUR) announced the resignations of board chair David Ben-Ami, chief medical officer Dr. Michael Molyneaux and chief financial officer Mark Page.


In the broad market, declining issues outpaced advancers by a margin of 9 to 7 on the NYSE and by more than 10 to 9 on Nasdaq. The broader S&P 500 lost 9 points to 2,080. Bitcoin rose $5 to $376.

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