The Daily Look, Today was a panic Day
Sentiment has turned more risk averse!
The prospect of further nuclear catastrophe in Japan (3/15/11) led to heavy selling on global markets. Investors around the world made a dash for safety amid concern as equity markets dropped sharply as volumes were much higher than normal.
The Bottom Line: The turmoil extended to the regenerative medicine universe, where all but, two (2) companies dropped; Pluristem (PSTI) who announced collaboration/research partnership with NYU Medical and International Stem Cell Corp (ISCO.OB) with no news dropped. Cytori Therapeutics (CYTX) lost ground but, regained 45% of its decrease in share pricing. By the end of trading, however, the losses were less substantial: the Dow was down 137.74 points, or 1.15% while NASDAQ lost 33.64 points, or 1.25%.
