MARKET PULSE- Alcoa, Molycorp, Burlington Stores, Fonar, Zogenix
(For more market insights, including options activity, click on ; for the Day Ahead newsletter link.reuters.com/mex49s,for the Morning News Call newsletter, link.reuters.com/nex49s) U.S. stocks opened lower on Wednesday as a partial government shutdown in Washington entered a second day, adding to concerns over how soon a political compromise would be reached. The Dow Jones industrial average was down 0.35 percent, the S&P 500 was down 0.43 percent and the Nasdaq Composite was down 0.65 percent.
** TESLA MOTORS INC, $188.85, down 2 pct (9:34 a.m. ET)
Robert W. Baird & Co downgraded the stock of the electric vehicle maker to "neutral" from "outperform". Baird said Tesla's plans for the next 18 months included increasing production and introduction of the Model X.
"Any hiccups in execution present stock price risk in the near to intermediate term," the brokerage said.
** ALCOA INC, $7.96, down 2.5 pct (9:36 a.m. ET)
Deutsche Bank lowered its rating on the company's stock to "sell," saying lower aluminum prices over the last two quarters does not bode well for the company's primary metals unit that accounts for more than 40 percent of its total revenue.