The markets opened lower on the final trading day of the year with the Dow tumbling 91 points to 17,512 as crude oil prices continued to retreat. Nasdaq dropped 31 points to 5,034.
On the upside
Roth Capital initiated coverage of Prima Biomed (Nasdaq: PBMD) with a Buy rating.
Point72 Asset Management acquired a 5.3% stake in Chimerix (Nasdaq: CMRX).
Weight Watchers (NYSE: WTW) stock rose again.
On the downside
Apple (Nasdaq: AAPL) will pay $348 million to settle tax fraud allegations in Italy.
Shares of Great Basin (Nasdaq: GBSN) fell for the third day.
Profit taking continued to weigh down shares of FXCM (NYSE: FXCM).
In the broad market, declining issues outpaced advancers by a margin of nearly 2 to 1 on the NYSE and by nearly 5 to 3 on Nasdaq. The broader S&P 500 fell 10 points to 2,052. Bitcoin lost $3 to $424.
