A drop in Chinese exports in March sparked concerns of a global economic slowdown and weighed the markets down during the midday with Dow losing 33 points to 18,024. Nasdaq added 2 points to 4,998.
On the upside
Shares of AirMedia Group (Nasdaq: AMCN) continued climbing.
Sysorex Global Holdings (Nasdaq: SYRX) subsidiary Lilien Systems was named to The Channel Company's CRN Tech Elite 250.
Goldman Sachs upgraded Clovis Oncology (Nasdaq: CLVS) to a Buy rating from a Neutral rating and increased its price target to $117 from $68.
On the downside
Cytori Therapeutics (Nasdaq: CYTX) reported a 50% reduction in the average therapeutic benefit on hand pain from six months to twelve months in a Scleradec-I clinical trial.
Basic Energy Services (NYSE: BAS) reported lower fluid service truck count and hours as well as a drop in rig utilization rate to 50% from 81% for the month of March compared with last year.
Slipping gold prices weighed down shares of Kinross Gold (NYSE: KGC).
In the broad market, advancing issues barely edged out decliners by a slim margin on the NYSE and by more than 9 to 7 on Nasdaq. The broader S&P 500 lost 4 points to 2097. Bitcoin slipped $1 to $233.
Markets slip as Chinese exports drop
April 13, 2015 at 14:32 PM EDT