Stocks Lower After Manufacturing Data (MCP, AAPL, AMZN, GRPN, TWER, VRNG)

U.S. stocks were trading modestly lower as a gauge of manufacturing rose a bit more than expected in March.
The Institute for Supply Management’s factory index gained to 53.4% last month from 52.4% in February. Economists polled by MarketWatch had expected the index would rise to 53.5%.Separately, the Commerce Department said construction spending fell 1.1% in February versus expectations of a 0.7% gain.The Dow Jones Industrial Average fell 14.50 points to 13,298, with 19 of its 30 components in the red. The S&P 500 Index rose 1.63 points to 1,410. The Nasdaq Composite was up 3.41 points to 3,095.On Friday, U.S. stocks ended with their biggest first quarterly gains in over a decade with the Dow Jones Industrial Average adding 8.1% in the period. For the Friday session, the Dow rose 66.22 points, or 0.5%, to 13,212.

Shares of Molycorp, Inc.(NYSE:MCP) climbed over 5% as speculation spread that the company could be an acquisition target by Bloomberg's Real M&A column. BHP Billiton Ltd. (NYSE: BHP) or Rio Tinto (NYSE: RTP)) seems to be potential buyers for the company, which could offer as much as $60 a share.
Apple Inc.(NASDAQ:AAPL) shares are trading slightly higher after recent pull back. But, still the stock is the biggest outperformer for the current year and soared over 50%. The stock recently made an all-time high of $621.45 and pulled back below $600 on profit booking with the broader market corrections.
Amazon.com, Inc.(NASDAQ:AMZN) shares slid over 2% following recent rally. This morning, analyst at Bank of America/Merrill Lynch reduced their investment rating on the stock h to Neutral and set a price target of $235.
Groupon Inc(NASDAQ:GRPN) shares slumped about 10% as analyst at Stifel Nicolaus downgraded the stock to Sell from Hold. The downgrade following the company trimmed its fiscal fourth-quarter sales and profit, though it kept its first-quarter outlook.
Towerstream Corporation(NASDAQ:TWER) shares soared 12.63% to $5.35 after the company said that it has reached a Wi-Fi agreement with a national wireless carrier utilizing its current and future rooftop assets.
Vringo, Inc.(NYSEAMEX:VRNG) shares skyrocketed 305 to $2.15 after the company has filed a registration with the U.S. Securities and Exchange Commission to sell, from time to time, up to 2,672,756 shares of Common Stock on behalf of Selling Shareholders. Vringo will not receive proceeds from the sales.