Markets slump in broad selloff

A broad based selloff sent the markets tumbling during the midday with the Dow collapsing 305 points to 16,685. Nasdaq slumped 89 points to 4,787.

On the upside

21st Century Oncology ordered one CyberKnife M6 and four TomoHDA Systems from Accuray (Nasdaq: ARAY).

Caesars Entertainment (Nasdaq: CZR) rejected a proposal from creditors of its operating unit who desired a stake in the parent company.

ImmunoGen (Nasdaq: IMGN) live webcast its analyst and investor meeting on September 18, 2015.

On the downside

ChinaCache International Holdings (Nasdaq: CCIH) fell to a loss for the second quarter.

Eldorado Gold (Nasdaq: EGO) suspended all activities in northern Greece in response to a revocation of approvals by the Greek Energy Ministry.

Axiom Equity Research analyst Gordon Johnson initiated coverage of SunEdison (NYSE: SUNE) with a Hold rating and warned that the stock price would continue to slide.

In the broad market, declining issues outpaced advancers by a margin of more than 5 to 1 on the NYSE and by nearly 7 to 2 on Nasdaq. The broader S&P 500 tumbled 31 points to 2,004 Bitcoin slipped $4 to $230.