Earnings concerns sent the markets down to a lower close with Dow dropping 80 points to 17,977. Nasdaq slipped 7 points to 4,988.
On the upside
Bloomberg reported that Alcatel-Lucent (NYSE: ALU) was close to finalizing a deal to sell its mobile networks business to Nokia (NYSE: NOK).
Recro Pharma (Nasdaq: REPH) completed its acquisition of IV/IM meloxicam and a contract manufacturing facility, royalty and formulation business from Alkermes.
Paragon Offshore (NYSE: PGN) released its fleet status report today.
On the downside
Shares of Cytosorbents (Nasdaq: CTSO) continued falling.
Exports of made-in-the-USA cars climbed in 2014 but shares of Ford (NYSE: F) slipped.
Altisource Portfolio Solutions (Nasdaq: ASPS) launched its Residential Investor One cooperative but the stock price fell.
In the broad market, declining issues outpaced advancers by a margin of 5 to 3 on the NYSE and by nearly 10 to 9 on Nasdaq. The broader S&P 500 fell 9 points to 2092. Bitcoin lost $11 to $222.
Earnings concerns weigh down markets
April 13, 2015 at 18:13 PM EDT