Finance ministers and central bank presidents met to address a weakening global economy. The markets tumbled during the midday with the Dow collapsing 282 points to 16,711. Nasdaq plummeted 73 points to 4,394.
On the upside
Shares of hazmat suit maker Lakeland Industries (Nasdaq: LAKE) continued surging.
HubSpot (NYSE: HUBS) soared in its market debut.
Gentiva Health Services (Nasdaq: GTIV) will be acquired by Kindred Healthcare (NYSE: KND) in a cash and stock deal valued at approximately $1.8 billon.
On the downside
Cliffs Natural Resources (NYSE: CLF) dropped again over a series of recent downgrades.
Advanced Micro Devices (NYSE: AMD) named chief operating officer Lisa Su as the new chief executive officer to replace Rory Read effective immediately.
Zynga (Nasdaq: ZNGA) launched New Words With Friends but the stock price fell.
In the broad market, declining issues outpaced advancers by a margin of more than 3 to 1 on the NYSE and by nearly 3 to 1 on Nasdaq. The broader S&P 500 plunged 22 points to 1946. Bitcoin climbed $25 to $377.
Weak global economy sinks stocks
October 09, 2014 at 13:38 PM EDT
