The Federal Reserve reported uneven economic recovery across the nation to weigh the markets down to a modestly lower close with the Dow falling 21 points to 12,048. Nasdaq dropped 26 points to 2675.
On the upside
IVolatility listed China-Biotics (Nasdaq: CHBT) as a stock with implied volatility movement.
Majesco Entertainment (Nasdaq: COOL) partnered with the National Basketball Association to develop a new basketball video game.
Shares of the Bank of Ireland (NYSE: IRE) rose even as bondholders united to fight huge losses that the Irish government plans to impose on the bondholders.
On the downside
Susquehanna initiated coverage of PMI Group (NYSE: PMI) with a Negative rating and initiated coverage of Radian (NYSE: RDN) with a Neutral rating.
LDK Solar's (NYSE: LDK) disappointing outlook weighed down shares of rival solar stocks Renesola (NYSE: SOL) and Trina Solar (NYSE: TSL).
Shares of Silvercorp Metals (NYSE: SVM) fell as silver prices retreated.
In the broad market, declining issues outpaced advancers by a margin of more than 5 to 2 on the NYSE and by nearly 3 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks tumbled 9 points to 788.
