Concerns about the impact that low crude oil prices would have on the global economy sent the markets plunging to a sharply lower open with the Dow collapsing 194 points to 17,658. Nasdaq plummeted 55 points to 4,684.
On the upside
Shares of Bluebird Bio (Nasdaq: BLUE) extended its gains.
Talisman Energy (NYSE: TLM) acknowledged that it had been approached by Repsol and other companies over possible transactions.
Bargain hunters lifted shares of Goodrich Petroleum (NYSE: GDP).
On the downside
Conns (Nasdaq: CONN) fell to an unexpected loss for the third quarter, withdrew its full year earnings forecast and announced the resignation of chief financial officer Brian Taylor.
Shares of National Bank of Greece (NYSE: NBG) fell after Greece's prime minister Antonis Samaris called for a presidential election next week.
Profit taking continued to sink shares of Plug Power (Nasdaq: PLUG).
In the broad market, declining issues outpaced advancers by a margin of 5 to 2 on the NYSE and by more than 5 to 2 on Nasdaq. The broader S&P 500 tumbled 19 points to 2040. Bitcoin dropped $19 to $342.
Crude oil prices spook investors, markets collapse
December 09, 2014 at 09:42 AM EST