No Fiscal Cliff Deal, Markets Close Lower
December 19, 2012 at 09:08 AM EST
The markets retreated to close lower with the Dow tumbling 98 points to 13,251 as another day passed without a fiscal cliff deal. Nasdaq lost 10 points to 3044.On the upsideNeptune Technologies & Bioressources (Nasdaq: NEPT) will resume production in Sherbooke, Quebec in six to nine months.Shares of National Bank of Greece (NYSE: NBG) rose after the European Central Bank announced that it would begin accepting Greek debt as collateral.China’s announcement that it would support solar industry consolidations lifted shares of LDK Solar (NYSE: LDK), Trina Solar (NYSE: TSL) and Yingli Green Energy (NYSE: YGE).On the downsideTHQ (Nasdaq: THQI) filed for Chapter 11 bankruptcy protection. Profit taking sank shares of Nu Skin Enterprises (NYSE: NUS).Blyth (NYSE: BTH) paid $57.4 million to increase its stake in ViSalus to over 80%.In the broad market, advancing issues were on par with decliners on the NYSE while advancers barely edged out decliners by a slim margin on Nasdaq. The broader S&P 500 index fell 10 points to 1435.
