Lower Close Ahead Of Earnings

Posted on January 07, 2013 at 17:26 PM EST

The markets closed lower with the Dow falling 50 points to 13,384 ahead of earnings. Nasdaq slipped 2 points to 3098.
On the upside
Energy Capital Partners will take EnergySolutions (NYSE: ES) private for approximately $338.5 million.
Newcastle Investment (NYSE: NCT) will acquire an interest in Excess Mortgage Servicing Rights and will spin-off its residential assets.
Goldman Sachs, Credit Suisse and Roth Capital Partners all initiated coverage of SolarCity (Nasdaq: SCTY) with positive ratings.
On the downside
Canaccord Genuity downgraded Cree (Nasdaq: CREE) to a Hold rating. December same store sales fell 2.2% for Rite Aid (NYSE: RAD).
Howard Weil downgraded Tesoro (NYSE: TSO) from a Focus Stock to a Market Outperform rating.
In the broad market, declining issues outpaced advancers by a margin of nearly 9 to 7 on the NYSE and by nearly 7 to 5 on Nasdaq. The broader S&P 500 index slipped 4 points to 1461.

Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Telekurs USA
Postage Rates