Crude oil prices fell again to send the markets tumbling to a sharply lower close with the Dow plunging 130 points to 17,371. Nasdaq plummeted 59 points to 4,592.

On the upside

Former Yahoo (Nasdaq: YHOO) chief executive Ross Levinsohn suggested that Twitter (NYSE: TWTR) buy Yahoo.

Rising gold prices lifted shares of Iamgold (NYSE: IAG) and Barrick Gold (NYSE: ABX).

Kite Pharma's (Nasdaq: KITE) deal with Amgen (Nasdaq: AMGN) lifted shares of immunotherapy treatment developer Juno Therapeutics (Nasdaq: JUNO).

On the downside

Deutsche Bank downgraded General Electric (NYSE: GE) from a Buy rating to a Hold rating and lowered its price target from $30 to $28.

Goldman Sachs analyst Richard Ramsden said that J.P. Morgan (NYSE: JPM) should separate itself into two to four smaller companies.

Cerus (Nasdaq: CERS) will offer common stock through a public offering.

In the broad market, declining issues outpaced advancers by a margin of more than 2 to 1 on the NYSE and by nearly 7 to 2 on Nasdaq. The broader S&P 500 tumbled 17 points to 2002. Bitcoin rose $7 to $281.