The markets closed sharply lower with the Dow plunging 117 points to 17,603 as crude oil prices dropped. Nasdaq tumbled 42 points to 5,065.
On the upside
Vuzix (Nasdaq: VUZI) partnered with Atheer to support the AiR Suite application for remote expert collaboration, management and rapid task flow deployment.
Insider Monkey noted that Giga-tronics (Nasdaq: GIGA) was one of five stocks that climbed.
Electronic Times reported that Apple (Nasdaq: AAPL) would switch its iPhone screens to organic light emitting diodes screens sending shares of Universal Display (Nasdaq: OLED) higher.
On the downside
Morgan Stanley downgraded Vanguard Natural Resources (Nasdaq: VNR) from an Overweight rating to an Equal Weight rating.
Falling crude oil prices weighed down shares of Kinder Morgan (NYSE: KMI).
Shares of Itau Unibanco Holding (NYSE: BBD) fell over concerns about Brazil’s economy.
In the broad market, declining issues outpaced advancers by a margin of 7 to 3 on the NYSE and by nearly 7 to 3 on Nasdaq. The broader S&P 500 dropped 15 points to 2,063. Bitcoin slipped $1 to $427.
