Here were today's closing bell levels:
Dow 9,908.39 -103.84 (-1.04%)
S&P 500 1,056.75 -9.44 (-0.89%)
Nasdaq 2,126.05 -15.07 (-0.70%)
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Top Analyst Upgrades/Downgrades
Cell Therapeutics (CTIC) was hit very hard on high volume as the FDA made some damning comments about its lymphoma drug pending review this Wednesday. Shares were down 40% at $0.62 right before the close.
CIT Group Inc. (CIT) traded up most of the day before going red after it named John Thain as CEO and Chairman. Shares were down 0.7% at $30.54 before the close.
Elsewhere in management changes, SAP AG (SAP) said its CEO was leaving after only about 7 months on the job. Shares were down by 5.8% at $43.30 right before the close.
Hasbro, Inc. (HAS) was one of the few big winners after it blew away earnings. Shares were up 13.5% at $34.97 right at the closing bell.
St. Jude Medical Inc. (STJ) held up much better than the headlines might have led you to believe. Goldman Sachs took a sell rating to the conviction sell list, It is almost impressive that the stock was only down by 0.6% at $37.41 right before the close.
United Parcel Service, Inc. (UPS) was down 1% at $56.62 on labor concerns at the close. Despite it already telegraphing layoffs, there were reports that it was cutting or furloughing another 300 pilots.