Consumer confidence rose in December but the markets slipped during the midday with the Dow losing 58 points to 17,979 on lower crude oil prices. Nasdaq fell 25 points to 4,781.
On the upside
China Nepstar Chain Drugstore (NYSE: NPD) will repurchase up to $5 million worth of American Depositary Shares.
The Securities Times reported that China may legalize the sale of prescription drugs over the Internet which lifted shares of China Jo-Jo Drugstores (Nasdaq: CJJD).
Rising gold prices lifted shares of McEwen Mining (NYSE: MUX).
On the downside
Profit taking weighed down shares of Revolution Lighting Technologies (Nasdaq: RVLT).
Shares of Twitter (NYSE: TWTR) extended its gains.
Southwestern Energy (NYSE: SWN) will increase its capital spending in 2015 from $2.4 billion to $2.6 billion.
In the broad market, declining issues outpaced advancers by a margin of nearly 7 to 5 on the NYSE and by nearly 3 to 2 on Nasdaq. The broader S&P 500 lost 8 points to 2082. Bitcoin held steady at $312.
Markets lower even as consumer confidence rises
December 30, 2014 at 12:56 PM EST