Markets fall as crude oil retreats

Falling crude oil prices weighed the markets down during the midday with the Dow dropping 86 points to 17,889. Nasdaq fell 18 points to 4,929.

On the upside

RADA Electronic Industries (Nasdaq: RADA) entered a strategic agreement with DRS Technologies to introduce RADA's tactical active electronically scanned array radar technology to North America.

E-Commerce China Dangdang (Nasdaq: DANG) reported sharply higher fourth quarter earnings that topped analyst estimates as revenue climbed.

Fourth quarter earnings climbed for Movado Group (NYSE: MOV) to surpass analyst expectations by a wide margin.

On the downside

Raptor Pharmaceutical (Nasdaq: RPTP) announced a public offering of $75 million worth of common stock.

Celladon (Nasdaq: CLDN) widened losses for the fourth quarter.

Shares of Ohr Pharmaceutical (Nasdaq: OHRP) continued falling.

In the broad market, declining issues outpaced advancers by a margin of more than 5 to 3 on the NYSE and by nearly 2 to 1 on Nasdaq. The broader S&P 500 fell 7 points to 2078. Bitcoin slipped $2 to $242.
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