The markets opened mixed with the Dow adding 11 points to 16,428 while Nasdaq slipped 10 points to 4208 as new home construction slipped in December.
On the upside
CRT Capital initiated coverage of Electronic Arts (Nasdaq: EA) with a Buy rating.
NII Holdings (Nasdaq: NIHD) will begin offering the Apple (Nasdaq: AAPL) iPhone 5s and iPhone 5c to Nextel Brazil customer on January 31, 2014.
Stifel Nicolaus initiated coverage of Twitter (NYSE: TWTR) with a Buy rating and set a price target of $75.
On the downside
FuelCell Energy (Nasdaq: FCEL) priced its public offering of 22 million common shares at the discounted price of $1.25 per share.
Intel (NYSE: INTC) reported higher fourth quarter earnings but the results fell short of analyst expectations and the chipmaker forecast flat revenue for 2014.
Silver Spring Networks (NYSE: SSNI) reported preliminary fourth quarter and full year results that fell far short of analyst expectations.
In the broad market, declining issues outpaced advancers by a margin of more than 9 to 7 on the NYSE and by a nearly 5 to 4 on Nasdaq. The broader S&P 500 lost 4 points to 1841. Bitcoin lost $19.02 or 2.08% to $894.00.
