Markets fall as global economic concerns weigh on investors

The markets closed lower with the Dow falling 55 points to 17,983 despite a rebound in consumer confidence as global economic concerns weighed on investors. Nasdaq dropped 29 points to 4,777.

On the upside

Neonode (Nasdaq: NEON) stock rose ahead of its anticipated launch of "zForce DRIVE - Active Sensor Steering Wheel" at the 2015 International CES.

Bargain hunters lifted shares of Key Energy Services (NYSE: KEG).

Needham upgraded Inphi (NYSE: IPHI) from a Buy rating to a Strong Buy rating.

On the downside

Investors locked in profits on DryShips (Nasdaq: DRYS).

ABI Research expects Apple (Nasdaq: AAPL) iPad sales to drop for the first time.

Shares of EXCO Resources (NYSE: XCO) and Warren Resources (Nasdaq: WRES) fell even as crude oil prices edged up.

In the broad market, declining issues outpaced advancers by a margin of nearly 7 to 5 on the NYSE and by nearly 5 to 3 on Nasdaq. The broader S&P 500 lost 10 points to 2080. Bitcoin slipped $2 at $310.
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