The markets extended its losses during the midday with the Dow diving 487 points to 15,892. Nasdaq collapsed 177 points to 4,437.
On the upside
Wynn Resorts (Nasdaq: WYNN) reported higher preliminary fourth quarter earnings and revenue for its Las Vegas operations.
Shares of Barrick Gold (NYSE: ABX) rose as gold prices climbed.
On the downside
SemGroup (Nasdaq: SEMG) subsidiary SemCAMS a long-term transportation contract in Wapiti, Alberta but the stock price tumbled.
Falling crude oil prices weighed down shares of Oasis Petroleum (NYSE: OAS).
Motley Fool listed Micron Technology (Nasdaq: MU) as one of the ten worst stocks in the S&P 500 in 2015.
Alcoa (NYSE: AA) expects aluminum demand in 2016 to exceed production but the stock price fell.
In the broad market, declining issues outpaced advancers by a margin of 10 to 1 on the NYSE and by nearly 8 to 1 on Nasdaq. The broader S&P 500 crashed 63 points to 1,858. Bitcoin plummeted $38 to $391.
