Fiscal Cliff Concerns Weigh Down Stocks
Continued concerns about the fiscal cliff weighed the markets down to a lower close with the Dow falling 35 points to 13,135. Nasdaq lost 20 points to 2971.
On the upside
AVG Technologies (NYSE: AVG) partnered with Yahoo (Nasdaq: YHOO) to provide secure Internet searches.
Sterotaxis (Nasdaq: STXS) said at Oppenheimer's Healthcare Conference that incoming orders were increasing.
Lifevantage (Nasdaq: LFVN) will repurchase up to $5 million in common stock.
On the downside
Quiksilver (Nasdaq: ZQK) disappointed with sharply lower fourth quarter earnings that fell short of analyst expectations. Centene (NYSE: CNC) blamed higher costs for slashing its 2012 earnings guidance.
Bank of America (NYSE: BAC) accused MBIA (NYSE: MBI) of interfering with a bond offer.
In the broad market, declining issues outpaced advancers by a margin of more than 10 to 9 on the NYSE while decliners barely edged out advancers by a slim margin on Nasdaq. The broader S&P 500 index lost 5 points to 1413.
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