On the upside
Shares of StemCells (Nasdaq: STEM) surged after President Barack Obama took the oath of office. President Obama supports stem cell research.Ashford Hospitality Trust (Nasdaq: AHT) released preliminary full year earnings expectations.
JPMorgan Securities analyst John Bridges set a price target of $49 for Newmont Mining (NYSE: NEM).
On the downside
While MercadoLibre (Nasdaq: MELI) reported more items sold through their online marketplace during the fourth quarter, payment in U. S. dollars fell.
The U. S. Army will not extend VSE's (Nasdaq: VSEC) contract for work under the Rapid Response-Third Generation program.
Shares of Lloyds Banking (NYSE: LYG) plunged over fears of further losses and concerns that the government will increase its 43% stake in the bank.
In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 1 on the NYSE and by more than 4 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks skidded 20 points to 447.
