A drop in Chinese manufacturing sent the markets tumbling to a sharply lower open with the Dow plummeting 143 points to 15,555. Nasdaq plunged 51 points to 4052.
On the upside
The Naval Surface Warfare Center, Dahlgren awarded Kratos Defense & Security Solutions (Nasdaq: KTOS) a five year SeaPort-e Indefinite Delivery, Indefinity Quantity Multiple Award Contract with a maximum contract value of $7.92 billion.
ThermoGenesis (Nasdaq: KOOL) and TotipotentRX achieved its 20th pediatric bone marrow transplant.
IntelliPharmaCeutics International (Nasdaq: IPCI) received a profit sharing payment of approximately $3.1 million from Par Pharmaceutical.
On the downside
A Seeking Alpha article said that Galena Biopharma (Nasdaq: GALE) was overvalued.
Ariad Pharmaceuticals (Nasdaq: ARIA) extended its losses as investors continued to take profits.
Investors locked in profits on Vanda Pharmaceuticals (Nasdaq: VNDA).
In the broad market, declining issues outpaced advancers by a margin of nearly 2 to 1 on the NYSE and by nearly 7 to 3 on Nasdaq. The broader S&P 500 dropped 15 points to 1767. Bitcoin added $12.02 or 1.28% to $941.60.
