Markets drop as retail sales disappoint

Falling crude oil prices along with disappointing retail sales weighed the markets down during the midday with the Dow dropping 87 points to 17,360. Nasdaq tumbled 34 points to 4,970.


On the upside


Darling Ingredients (NYSE: DAR) fell to a loss for the third quarter but revenue beat expectations.


Springleaf Holdings (NYSE: LEAF) reached a settlement with the Justice Department that will allow the company to complete its acquisition of OneMain Financial Holdings.


Tahoe Resources (NYSE: TAHO) reported sharply higher third quarter revenue.

On the downside


Pacific Crest downgraded GameStop (NYSE: GME) from an Overweight rating to a Sector Weight rating.


J.C. Penney (NYSE: JCP) narrowed losses for the third quarter but concerns about retail sales sent shares of the department store tumbling.


Fitbit (NYSE: FIT) priced its downsized public offering of 17 million common shares at the discounted price of $29.00 per share.


In the broad market, declining issues outpaced advancers by a margin of 5 to 3 on the NYSE and by more than 9 to 7 on Nasdaq. The broader S&P 500 fell 9 points to 2,036. Bitcoin eased a fraction to $330.

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