Global economic concerns weighed the markets down to a sharply lower open with the Dow dropping 80 points to 16,270. Nasdaq tumbled 35 points to 4271.
On the upside
Share of OXiGENE (Nasdaq: OXGN) continued rising.
Capstone Turbine (Nasdaq: CPST) received a follow-on order for fifty Capstone C65 microturbines from Horizon Power Systems.
Energy XXI will pay approximately $1.53 billion in cash and stock to acquire EPL Oil & Gas (NYSE: EPL).
On the downside
The Food and Drug Administration placed Geron's (Nasdaq: GERN) Investigational New Drug Application for imetelstat on full clinical hold.
Investors locked in profits on FuelCell Energy (Nasdaq: FCEL).
Stifel Nicolaus downgraded Synta Pharmaceuticals (Nasdaq: SNTA) from a Hold rating to a Sell rating.
In the broad market, declining issues outpaced advancers by a margin of more than 5 to 2 on both the NYSE and on Nasdaq. The broader S&P 500 fell 12 points to 1855. Bitcoin slipped $1.75 or 0.28% to $629.00.
