Disappointing February auto sales sent the markets tumbling during the midday with the Dow plunging 108 points to 18,180. Nasdaq dropped 39 points to 4,968.
On the upside
Orexigen Therapeutics' (Nasdaq: OREX) obesity treatment Contrave reduced the risk of heart disease by almost half.
Nutrisystem (Nasdaq: NTRI) reported sharply higher fourth quarter earnings that topped analyst estimates.
Janney Capital Markets analyst David Strasser upgraded Lumber Liquidators Holdings (NYSE: LL) from a Neutral rating to a Buy rating and affirmed his $47 price target.
On the downside
Opower (NYSE: OPWR) widened losses for the fourth quarter.
SunOpta (Nasdaq: STKL) widened fourth quarter losses more than expected.
Akorn (Nasdaq: AKRX) filed for an extension for its Form 10-K.
In the broad market, declining issues outpaced advancers by a margin of more than 5 to 3 on the NYSE and by more nearly 2 to 1 on Nasdaq. The broader S&P 500 dropped 13 points to 2103. Bitcoin added $4 to $273.
Markets tumble over disappointing auto sales
March 03, 2015 at 13:23 PM EST