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Closing Bell: Blizzard Conditions Mute Trading Activity; AstraZeneca Jumps

Stocks declined on Tuesday as wild weather stifled activity and led to low volume.

Stocks declined on Tuesday as wild weather stifled activity and led to low volume. By the end of the session, 1.4 billion shares had changed hands on the S&P 500, below its 10-day average volume of 2.1 billion. DSW (DSW) rose after topping profit estimates and expanding its margins over its fourth quarter. The shoe retailer earned 20 cents over the quarter, 4 cents higher than forecasts. Merchandise margins increased by 270 basis points to 40.4% at its namesake segment. AstraZeneca (AZN) climbed in afternoon trading after publishing positive data on its late-stage ovarian cancer study. Results from a Phase 3 clinical trial resulted in improvement in progression-free survival compared to a placebo. AirMethods (AIRM) agreed to an acquisition by American Securities. The latter offered $43 a share in an all-cash deal with a total value of around $2.5 billion.