The markets plunged on the first trading day of 2016 with the Dow plummeting 276 points to 17,148 in the wake of the Chinese market crash. Nasdaq collapsed 104 points to 4,903.
On the upside
Shares of SunEdison (NYSE: SUNE) continued rising.
Zacks Investment Research named LightPath Technologies (Nasdaq: LPTH) as one of the best small cap stocks in 2015.
Raymond James analyst John Freeman downgraded Chesapeake Energy (NYSE: CHK) from a Market Perform rating to an Underperform rating but the stock price rose.
On the downside
Shares of California Resources (NYSE: CRC) slipped as crude oil prices fell.
Fidelity Investments switched credit card partners from Bank of America (NYSE: BAC) to Visa (NYSE: V) and U.S. Bancorp (NYSE: USB).
Willis Group (NYSE: WSH) said that the pricing floor for reinsurance will continue to soften.
In the broad market, declining issues outpaced advancers by a margin of more than 2 to 1 on the NYSE and by nearly 7 to 2 on Nasdaq. The broader S&P 500 plunged 31 points to 2,012. Bitcoin rose $6 to $433.
