Weak job growth in May weighed the markets down to a lower open with the Dow falling 60 points to 15,117. Nasdaq lost 13 points to 3431.
On the upside
China's Ministry of Industry and Information Technology approved the first pure electric sedan developed by Kandi Technologies (Nasdaq: KNDI) and Geely Automobile Holdings.
JPMorgan expects same store sales to rise for J.C. Penney (NYSE: JCP) in July.
The Food and Drug Administration expedited the development path for Avanir Pharmaceuticals' (Nasdaq: AVNR) AVP-786.
On the downside
Tesla Motors' (Nasdaq: TSLA) plans to open 16 more stores to sell electric vehicles directly to customers has met resistance from auto dealerships.
Mechel (NYSE: MTL) will supply China's Shasteel Group with 40,000 to 80,000 tonnes of coking coal a month beginning in June 2013 but the stock price fell.
Goldman Sachs downgraded JA Solar (Nasdaq: JASO) from a Neutral rating to a Sell rating.
In the broad market, declining issues outpaced advancers by a margin of nearly 7 to 3 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 index lost 7 points to 1623.
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