Markets Plunge Over Global Economic Concerns

Global economic concerns sent the markets tumbling during the midday with the Dow plummeting 202 points to 11,703. Nasdaq plunged 55 points to 2583.

On the upside

Shares of Angie's List (Nasdaq: ANGI) soared on its first trading day.

Eastman Kodak's (NYSE: EK) Kodak Nexpress SX Digital Production Color Platform won the German printing industry's prestigious Most Innovative Technology award.

ACCO Brands (NYSE: ABD) will merge with MeadWestvaco's (NYSE: MWV) Consumer & Office Products business in a deal valued at approximately $860 million.

On the downside

Shares of student lender Sallie Mae (NYSE: SLM) dropped after the Consumer Financial Protection Bureau announced an investigation into the private student lending industry.

OfficeMax (NYSE: OMX) will close 20 stores by the end of the year and plans to close up to 20 stores per year over the next several years.

Perry Ellis International (Nasdaq: PERY) disappointed with lower third quarter earnings that fell short of analyst expectations.

In the broad market, declining issues outpaced advancers by a margin of more than 4 to 1 on the NYSE and by nearly 5 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks tumbled 11 points to 718.

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