The markets opened mixed with the Dow slipping 11 points to 16,014 while Nasdaq edged up a point to 4070 as industrial output in China rose less than expected.
On the upside
Omron Medical Devices will be the exclusive distributor of NeuroMetrix’s (Nasdaq: NURO) NC-stat DPNCheck in China.
Shares of Twitter (NYSE: TWTR) continued rising as investors embraced its recently announced targeted ad product.
Stifel Nicolaus upgraded ARIAD Pharmaceuticals (Nasdaq: ARIA) from a Hold rating to a Buy rating.
On the downside
Profit taking continued to weigh down Plug Power (Nasdaq: PLUG).
Genco Shipping & Trading (NYSE: GNK) hired Kramer Levin Naftalis & Frankel to assist in restructuring approximately $1.5 billion in debt.
Eagle Bulk Shipping (Nasdaq: EGLE) retained the services of Moelis & Co. as well as Milbank, Tweed, Hadley & McCoy to provide assistance in restructuring approximately $1.2 billion in debt.
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 more than 10 to 9 on Nasdaq. The broader S&P 500 slipped a point to 1806. Bitcoin gained $47.51 or 5.24% to $954.51
