Lower close over disappointing stimulus package

The markets closed sharply lower with the Dow tumbling 90 points to 18,313 over disappointment that Japan's economic stimulus package was lower than anticipated. Nasdaq plunged 46 points to 5,137.


On the upside


Shares of Seanergy Maritime Holdings (Nasdaq: SHIP) more than doubled on no news.


Consumer Eagle suggested that investors buy Sino-Global Shipping (Nasdaq: SINO).


Mallinckrodt (NYSE: MNK) reported higher third quarter earnings and revenue that beat analyst expectations prompting the company to lift its full year forecast.


On the downside


Endurance International Group Holdings (Nasdaq: EIGI) widened losses for the second quarter.


Inteliquent (Nasdaq: IQNT) reported lower second quarter earnings that fell short of expectations even as revenue surged.


Second quarter earnings tumbled for Medallion Financial (Nasdaq: MFIN).


In the broad market, declining issues outpaced advancers by a margin of nearly 7 to 2 on the NYSE and by nearly 3 to 1 on Nasdaq. The broader S&P 500 dropped 13 points to 2,157. Bitcoin plunged $48to $565.

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