Markets Fall As Jobless Claims Rise

A greater than expected increase in jobless claims weighed the markets down during the midday with the Dow losing 19 points to 16,553. Nasdaq tumbled 41 points to 4234.

On the upside

Shares of Tarena International (Nasdaq: TEDU) climbed on its first trading day.

Catalyst Pharmaceutical Partners (Nasdaq: CPRX) priced its public offering of 11.325 million common shares at the discounted price of $2.21 per share but the stock price rose.

Amyris (Nasdaq: AMRS) entered a research and development collaboration with BASF.

On the downside

Venaxis (Nasdaq: APPY) priced its public offering of 8.335 million common shares at the discounted price of $2.40 per share.

Pacific Ethanol (Nasdaq: PEIX) priced its public offering of 1.75 million common shares at the discounted price of $16.00 per share.

Celldex Therapeutics (Nasdaq: CLDX) will present data from preclinical studies of the antibody-drug conjugate CDX-014 at the American Association of Cancer Research Annual Meeting on Monday, April 7, 2014.

In the broad market, declining issues outpaced advancers by a margin of more than 5 to 3 on the NYSE and by more than 3 to 1 on Nasdaq. The broader S&P 500 slipped 4 points to 1886. Bitcoin added $7.63 or 1.73% to $448.75.

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