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Lower Open Even As Jobless Claims Fall

The markets opened lower with the Dow losing 36 points to 15,853 even as jobless claims dropped more than expected last week. Nasdaq slipped 6 points to 4031.

On the upside 

Plug Power (Nasdaq: PLUG) continued rising after forecasting a profit for 2014 yesterday.

The American College of Obstetricians and Gynecologists now recommends chromosomal microarray analysis as the first-line genetic test in pregnancies showing fetal abnormalities.  Shares of molecular diagnostics solutions provider CombiMatrix (Nasdaq: CBMX) surged.

Conn’s (Nasdaq: CONN) reported sharply higher third quarter earnings and revenue that beat analyst expectations prompting the specialty retailer to lift its full year outlook.

On the downside

Electronic Arts (Nasdaq: EA) halted all developments from DICE until problems in Battlefield 4 are fixed. 

ReneSola (NYSE: SOL) widened third quarter losses even as revenue soared.

The Wet Seal (Nasdaq: WTSL) widened third quarter losses more than expected and forecast current quarter revenue below expectations.

In the broad market, declining issues outpaced advancers by a margin of 5 to 3 on the NYSE and by nearly 10 to 9 on Nasdaq. The broader S&P 500 lost 5 points to 1787. Bitcoin plunged $165.05 or 13.70% to $1,040.00.

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