Stocks close lower as investors watch Washington
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— SolarCity, which installs rooftop solar panels, began trading on the Nasdaq under the symbol SCTY. Shares were priced at $8 and shot to $11.79. Elon Musk, founder of PayPal and Tesla Motors, is the company’s chairman.
— Clearwire, a struggling provider of mobile Internet access services, jumped 41 cents, or 15 percent, to $3.16 in heavy trading after Sprint Nextel offered to buy out the minority shareholders of the company for $2.1 billion, giving Sprint total control.
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