The markets traded lower during the midday with the Dow falling 84 points to 17,064 over continued concerns about the Chinese economy. Nasdaq lost 24 points to 4,879.
On the upside
Nautilus (NYSE: NLS) opened The Nautilus Shop retail store and showroom at its global headquarters in Vancouver.
Spirit Airlines (Nasdaq: SAVE) appointed Robert L. Fornaro to the position of president and chief executive officer.
Chimerix (Nasdaq: CMRX) will present at the 34th Annual J.P. Morgan Healthcare Conference on January 12, 2016.
On the downside
Deutsche Bank downgraded Republic Airways (Nasdaq: RJET) from a Buy rating to a Hold rating.
KeyBanc Capital Markets downgraded C&J Energy Services (NYSE: CJES) from an Overweight rating to a Sector Weight rating.
Fitbit (NYSE: FIT) introduced its new Blaze fitness watch but concerns that it cannot compete against the Apple Watch (Nasdaq: AAPL) weighed down shares of the wearable fitness tracking device maker.
In the broad market, advancing issues outpaced decliners by a margin of more than 10 to 9 on the NYSE while decliners edged out advancers by nearly 10 to 9 on Nasdaq. The broader S&P 500 lost 5 points to 2,007. Bitcoin slipped $2 to $431.
