Losses extended as retailers disappoint

The markets extended its losses during the midday with the Dow plummeting 149 points to 16,362 as retailers reported dismal earnings. Nasdaq tumbled 36 points to 4,089.

On the upside

Liquid Holdings Group (Nasdaq: LIQD) beneficial owner Douglas Von Allmen purchased 6.4 million shares of company stock.

The lock-up period for more than 82 million shares of FireEye (Nasdaq: FEYE) expires tomorrow.

Dendreon (NYSE: DNDN) reported positive results from ProACT and IMPACT studies on its prostate cancer treatment PROVENGE.

On the downside

Profit taking weighed down shares of Celldex (Nasdaq: CLDX).

Perfect World (NYSE: PWRD) reported higher first quarter earnings and revenue but analysts were disappointed with the company's current quarter outlook.

FBR Capital said that NTELOS (Nasdaq: NTLS) could drop to $5 per share.

In the broad market, declining issues outpaced advancers by a margin of more than 5 to 2 on the NYSE and by more than 7 to 2 on Nasdaq. The broader S&P 500 tumbled 14 points to 1870. Bitcoin gained $36.91 or 7.71% to $478.95.

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