Rising crude oil prices and a higher trade deficit weighed the markets down to a lower close with the Dow losing 31 points to 17,807. Nasdaq dropped 28 points to 4,942.
On the upside
Bargain hunters lifted shares of Carbylan Therapeutics (Nasdaq: CBYL).
Delta Air Lines (NYSE: DAL) and United Continental Holdings (NYSE: UAL) may invest in struggling Colombian airline Avianca Holdings (NYSE: AVH).
Piper Jaffray upgraded Weatherford International (NYSE: WFT) from a Neutral rating to an Overweight rating.
On the downside
Profit taking weighed down shares of Celldex Therapeutics (Nasdaq: CLDX).
Retreating crude oil prices weighed down shares of Chesapeake Energy (NYSE: CHK).
Shares of LendingClub (NYSE: LC) fell after the New York Department of Financial Services initiated an inquiry into online lenders.
In the broad market, advancing issues outpaced decliners by a margin of more than 10 to 9 on the NYSE while decliners edged out advancers by more than 5 to 3 on Nasdaq. The broader S&P 500 lost 6 points to 2,099. Bitcoin surged $34 to $565.
