Stocks closed at their lowest levels in more than a month as the
on-going government shutdown and unresolved debt ceiling caused the
continued exodus from U.S. equities. Social media stocks such as
Pandora Media (
), Amazon (
) and LinkedIn (
) took the brunt of the negative sentiment rolling through Wall
Street as these stocks are especially vulnerable to negative
investor confidence. Hawkish comments from a pair of Fed Presidents
coupled with downward revisions to global growth forecasts from the
IMF only added to the sour tone across the financial markets
leaving the trifecta -- stocks, bonds and precious metals -- all
Here's where the markets stood at the close:
Dow Jones Industrial Index was down 159.71 (-1.07%) to
S&P 500 was down 20.67 (-1.23%) to 1,655.454
Nasdaq Composite Index was down 75.55 (-2.00%) to 3,694.83
FTSE 100 was down 1.11%
Nikkei 225 was up 0.30%
Hang Seng Index was up 0.89%
Shanghai China Composite Index was up 1.08%
TISA, Top Image Systems signed a non-exclusive contract with
), a global provider of information management and electronic
commerce systems for the financial services industry.
VISN, The company reported a profit of $4.5 million for Q2
compared to a gross loss of $5.1 million in Q1.
ARWR, company focused on targeted RNAi therapeutics today
pricing a private offering with net proceeds expected at $60
million, clearing the way for the company to move ahead with
another trial of its ARC-520 drug candidate to treat chronic
hepatitis B virus infection.
QIWI, Began trading its American Depositary Shares on the Moscow
TWGP, After paying out significant claims due to Hurricane
Sandy, the company is considering its strategic options with its
lead financial advisor JP Morgan.
JMBA, Jamba lowered its outlook as the company reported slower
consumer spending and increased competition
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