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Stocks Slip as Economy Shrinks

Stocks in this article: ^DJI ^GSPC ^IXIC ZNGA AEGR CPNO AMZN RIMM FB BA BRCM CHK

Gold for April delivery surged $18.90 to settle at $1,681.60 an ounce at the Comex division of the New York Mercantile Exchange, while March crude oil futures closed up 37 cents at $97.94 a barrel.

The benchmark 10-year Treasury rose 2/32 to raise the yield to 1.995%. The dollar was down by 0.38%, according to the U.S. dollar index.

Chesapeake Energy (CHK) CEO Aubrey McClendon is leaving the company he founded 24 years ago amid strategic differences with the company's new board.

Shares surged 6%.

Broadcom (BRCM) beat analysts' fourth-quarter estimates but guidance from the key Apple partner came in below Wall Street's views.

Shares were up 0.5% on Wednesday.

Copano Energy (CPNO) shares soared 15% after the company agreed to be acquired by Kinder Morgan Energy Partners (KMP) for about $5 billion, including the assumption of debt.

Zynga (ZNGA) shares slid 2.7% amid news that the company's chief game designer Brian Reynolds is leaving the company.

Aegerion Pharmaceuticals (AEGR) shares were off 2.4%. The company is now in the early days of the commercial launch of Juxtapid for the treatment of homozygous familial hypercholesterolemia (HoFH), a rare genetic disease that prevents cholesterol from being cleared from the body.

-- Written by Andrea Tse and Joe Deaux in New York.



>To contact the writer of this article, click here: Andrea Tse.

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