Retail sales disappoint, markets open lower

The markets opened lower with the Dow losing 36 points to 19,875 as retail sales edged up a disappointing 0.1% in November. Nasdaq eased a point to 5,462.


On the upside


The Food and Drug Administration approved Vericel's (Nasdaq: VCEL) MACI to treat articular cartilage defects in the knee.


NeuStar (NYSE: NSR) will be taken private by an investment group led by Golden Gate Capital in a deal valued at approximately $2.9 billion including the assumption of debt.


BrainStorm Cell Therapeutics (Nasdaq: BCLI) presented positive data from a Phase 2 study of NurOwn to treat ALS.


On the downside


Profit taking weighed down shares of Neovasc (Nasdaq: NVCN).


Investors locked in profits on Gulfmark Offshore (NYSE: GLF).


Callon Petroleum (NYSE: CPE) increased its public offering to 40 million common shares and priced the offering at the discounted price of $16.40 per share.


In the broad market, declining issues outpaced advancers by a margin of 9 to 7 on the NYSE and by nearly 9 to 7 on Nasdaq. The broader S&P 500 index lost 4 points to 2,267. Bitcoin held steady at $773.


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