Markets Extend Losses At Midday

The markets continued falling during the midday with the Dow plunging 178 points to 16,018 over global economic concerns. Nasdaq plummeted 63 points to 4155.

On the upside

Shares of Ariad Pharmaceuticals (Nasdaq: ARIA) continued rising on buyout rumors.

Second quarter earnings fell for Procter & Gamble (NYSE: PG) but the results were better than expected.

Shares of Care.com (NYSE: CRCM) soar in its market debut.

On the downside


First Niagara Financial Group (Nasdaq: FNFG) reported higher fourth quarter earnings but the company forecast 2014 earnings that fell short of expectations.

Wells Fargo downgraded Walter Energy (NYSE: WLT) from an Outperform rating to a Market Perform rating.

China's announcement that it would install 10GW of solar power in 2014, less than the expected 12GW, weighed down shares of JinkoSolar Holding (NYSE: JKS), Renesola (NYSE: SOL) and Yingli Green Energy (NYSE: YGE).

In the broad market, declining issues outpaced advancers by a margin of more than 7 to 1 on the NYSE and by a margin of more than 6 to 1 on Nasdaq. The broader S&P 500 dropped 21 points to 1807. Bitcoin slipped $23.77 or 2.58% to $921.00.

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.