Following Wednesday's sell-off after the Fed signaled a possible tapering later this year, the downbeat Chinese manufacturing data further weighed on markets.
Investors remain jittery as they await the central bank's policy decision and Chairman Bernanke's press conference.
F5 Networks is downgraded to 'equal weight,' and LinkedIn is initiated with an 'outperform.'
General Motors is upgraded to 'buy,' and Pandora is initiated with a 'sell.'
Yahoo is upgraded to 'outperform,' and Burger King is downgraded to 'underperform.'
The averages remain in a narrow trading range, as investors await movement in the ongoing fiscal cliff negotiations.
Halliburton is upgraded to 'outperform,' and Diamond Foods is downgraded to 'underperform.'
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'We're not exactly in a uniformly strong market,' says the notably pessimistic newsletter publisher.
The Market Dispatches column has been discontinued. Here's where to find the latest stock and business news on MSN Money, and the latest from market writer Charley Blaine.
MONEY & POLITICS
Breaking up big banks is an untested solution to the too big to fail problem that attempts to isolate and dismantle large, troubled institutions while protecting the rest of the economy.
Six weeks later, most Americans have forgotten about the 2014 tax season -- except those who didn't file by the April 15 deadline.
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