The markets recovered early morning losses but still traded in negative territory with the Dow dropping 71 points to 17,532 as investors continued to keep a watchful eye on crude oil prices. Nasdaq fell 25 points to 5,040.
On the upside
General Electric (NYSE: GE) will separate its renewable energy business, which includes wind and hydro power businesses, from its power unit, which will include oil and gas.
Twitter (NYSE: TWTR) updated its Mac computer app and announced that it will restore Politwoops.
LifeSci Capital initiated coverage of TetraLogic Pharmaceuticals (Nasdaq: TLOG).
On the downside
Investors locked in profits on Flamel Technologies (Nasdaq: FLML).
Profit taking weighed down shares of One Horizon Group (Nasdaq: OHGI).
Shares of SodaStream International (Nasdaq: SODA) fell as investors took profits.
In the broad market, advancing issues outpaced decliners by a margin of 10 to 9 on the NYSE while decliners edged out advancers by nearly 5 to 4 on Nasdaq. The broader S&P 500 lost 5 points to 2,057. Bitcoin added $2 to $429.
