The markets closed lower with the Dow dropping 72 points to 19,732 ahead of the presidential inauguration tomorrow. Nasdaq fell 15 points to 5,540.
On the upside
Bargain hunters lifted shares of Uranium Resources (Nasdaq: URRE).
Heron Therapeutics (Nasdaq: HRTX) will raise approximately $150 million through a public offering of common stock.
Teladoc (NYSE: TDOC) priced its public offering of 6.65 million common shares at $16.75 per share.
On the downside
Raymond James downgraded Aaron's (NYSE: AAN) from a Strong Buy rating to a Market Perform rating.
Zynerba Pharmaceuticals (Nasdaq: ZYNE) priced its public offering of 2.8 million common shares at the discounted price of $18.00 per share.
Investors locked in profits on Apricus Biosciences (Nasdaq: APRI).
In the broad market, declining issues outpaced advancers by a margin of nearly 3 to 1 on the NYSE and by more than 5 to 2 on Nasdaq. The broader S&P 500 index lost 8 points to 2,263. Bitcoin climbed $29 to $898.
