Markets Extend Losses Over Shutdown Concerns

The markets extended its losses during the midday with the Dow falling 42 points to 15,408 over concerns of a government shutdown. Nasdaq lost 11 points to 3763.

On the upside

Trade-Ideas selected Omeros (Nasdaq: OMER) as a "Barbarian at the Gate" stock.

Sarepta Therapeutics (Nasdaq: SRPT) was selected as a "Barbarian at the Gate" stock by Trade-Ideas.

Smartphone audio chipmaker Cirrus Logic (Nasdaq: CRUS) climbed on strong iPhone sales.


On the downside


Profit taking weighed down shares of Cyclacel Pharmaceuticals (Nasdaq: CYCC).

Investors locked in profits on Yelp (NYSE: YELP).

J.C. Penney (NYSE: JCP) retained the services of Goldman Sachs to advise the department store retailer in its efforts to raise additional capital.

In the broad market, declining issues outpaced advancers by a margin of more than 3 to 2 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 lost 7 points to 1701.

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