Ukraine Concerns Sink Stocks

Global political concerns weighed the markets down to a lower close with the Dow losing 43 points to 16,065. Nasdaq fell 15 points to 4245.

On the upside

Companhia Siderurgica Nacional (NYSE: SID) will repurchase up to 70.2 million shares of company stock.

Scorpio Tankers (NYSE: STNG) will sell seven Very Large Crude Carriers that are currently under construction for a gain of approximately $50 million.

Axiom Capital upgraded JA Solar Holdings (Nasdaq: JASO) from a Sell rating to a Buy rating.

On the downside


Roth Capital downgraded Plug Power (Nasdaq: PLUG) from a Buy rating to a Neutral rating while Cowen downgraded the fuel cell developer from an Outperform rating to a Market Perform rating.

AirMedia Group (Nasdaq: AMCN) extended its losses.

XO Group (NYSE: XOXO) fell to a greater than expected loss for the fourth quarter.

In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 5 on the NYSE and by nearly 5 to 4 on Nasdaq. The broader S&P 500 lost 5 points to 1841. Bitcoin slipped $10.23 or 1.60% to $627.75.

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