Disappointing Chinese data weighs down markets

Disappointing economic data from China sent the markets down to a lower open with the Dow falling 71 points to 17,752. Nasdaq lost 13 points to 4,730.

On the upside

Achillion Pharmaceuticals (Nasdaq: ACHN) reported upbeat updated interim results from a Phase 2 study to evaluate ACH-3102 in combination with sofosbuvir to treat naive genotype 1 HCV-infected patients.

Atossa Genetics (Nasdaq: ATOS) signed a national distribution agreement with Thermo Fisher Scientific for the FullCYTE Breast Aspirator.

Stifel Nicolaus upgraded Conn’s (Nasdaq: CONN) from a Hold rating to a Buy rating and set a $33 price target.

On the downside

Fifth Street Finance (Nasdaq: FSC) fell to a loss for the first quarter.

Renewed concerns that Greece may exit the euro weighed down shares of National Bank of Greece (NYSE: NBG).

Speed Commerce (Nasdaq: SPDC) widened third quarter losses and lowered its full year outlook.

In the broad market, declining issues outpaced advancers by a margin of more than 9 to 7 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 slipped 2 points to 2052. Bitcoin lost $5 to $217.

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