The markets recovered early morning losses but continued trading lower during the midday with the Dow slipping 18 points to 16,074. Nasdaq lost 3 points to 4,587.
On the upside
EnerNOC (Nasdaq: ENOC) welcomed the Supreme Court's decision upholding an energy rule that pays energy consumers to conserve power during peak demand hours.
Shares of Amira Nature Foods (NYSE: ANFI) rose as short sellers covered their positions.
Raptor Pharmaceuticals (Nasdaq: RPTP) announced that a patent for PROCYSBI is now listed in the FDA's Approved Drug Products with Therapeutic Equivalence Evaluations book and that additional orphan drug designation was granted to PROCYSBI delayed-response capsules.
On the downside
Macquarie downgraded KapStone Paper & Packaging (NYSE: KS) from a Neutral rating to an Underperform rating.
Amedica (Nasdaq: AMDA) completed a 1-for-15 reverse stock split.
Retreating crude oil prices weighed down shares of Bonanza Creek Energy (NYSE: BCEI).
In the broad market, declining issues outpaced advancers by a margin of more than 3 to 1 on the NYSE and by nearly 2 to 1 on Nasdaq. The broader S&P 500 fell 9 points to 1,897. Bitcoin dropped $9 to $391.
