Lower Close As Jobless Claims Rise

The markets closed lower with the Dow easing a fraction to 16,572 as jobless claims rose more than expected. Nasdaq dropped 38 points to 4237.

On the upside

Andarko Petroleum (NYSE: APC) will pay approximately $5.15 billion to settle environmental pollution claims.

Kellogg (NYSE: K) partnered with baseball Hall of Famer Cal Ripken Jr. to celebrate fans who "Never Miss a Game."

Bargain hunters lifted shares of Prana Biotechnology (Nasdaq: PRAN).

On the downside

SGOCO Group (Nasdaq: SGOC) reported sharply lower preliminary fourth quarter earnings and revenue.

NSS Labs rated FireEye (Nasdaq: FEYE) "Below Average" for its breach detection system.

Exact Sciences (Nasdaq: EXAS) will offer $125 million worth of common stock through a public offering.

In the broad market, declining issues outpaced advancers by a margin of more than 7 to 5 on the NYSE and by 7 to 3 on Nasdaq. The broader S&P 500 slipped 2 points to 1888. Bitcoin added $6.93 or 1.57% to $448.05.

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