Rate hike concerns weigh down markets

Concerns about a potential rate hike weighed the markets down to a lower close with the Dow losing 45 points to 18,552. Nasdaq slipped a point to 5,238.


On the upside


Shares of VisionChina Media (Nasdaq: VISN) surged 50% on no news.


Bargain hunters lifted shares of GEO Group (NYSE: GEO).


Deere (NYSE: DE) reported higher third quarter earnings that surpassed analyst expectations by a wide margin prompting the company to lift its full year earnings outlook.


On the downside


Shares of StemCells (Nasdaq: STEM) extended its losses.


OTR Global downgraded Pure Storage (NYSE: PSTG) from a Mixed rating to a Negative rating.


Shares of First Majestic Silver (NYSE: AG) fell as silver prices slipped.


In the broad market, declining issues outpaced advancers by a margin of more than 7 to 5 on the NYSE and by nearly 10 to 9 on Nasdaq. The broader S&P 500 lost 3 points to 2,183. Bitcoin edged up to $572.

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