The markets traded lower during the midday with the Dow tumbling 86 points to 12,922 as European debt concerns and fiscal cliff worries weighed down investor sentiment. Nasdaq lost 3 points to 2963. On the upside
Raymond James upgraded James River Coal (Nasdaq: JRCC) to an Outperform rating. Zhongpin (Nasdaq: HOGS) chairman and chief executive Xianfu Zhu will take the pork products producer private in an all cash deal valued at approximately $418 million. 3D Systems (NYSE: DDD) launched its next generation ProJet 3500 HDMax and CPX Max series of 3D printers. On the downside BancorpSouth (NYSE: BXS) appointed James Rollins III to the position of chief executive officer to replace retiring chief executive Aubrey Patterson. Generac Holdings (NYSE: GNRC) announced a secondary offering of 11.5 million common shares. Oppenheimer analyst Pamela Quintiliano said that foot traffic was disappointing for Ann (NYSE: ANN) over the Thanksgiving weekend. In the broad market, declining issues outpaced advancers by a margin of more than 2 to 1 on the NYSE and by a margin of more than 9 to 7 on Nasdaq. The Russell 2000 which tracks small cap stocks slipped 2 points to 804.
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