Fears that Italy may face debt problems sent the markets tumbling to a sharply lower close with the Dow plunging 115 points to 11,934. Nasdaq dropped 33 points to 2652.
On the upside
Tibco Software (Nasdaq: TIBX) reported sharply higher second quarter earnings that topped analyst expectations as revenue climbed.
British magazine Profit & Loss named Citi's (NYSE: C) CitiFX Pro the Best Retail FX Platform.
Micron Technology's (Nasdaq: MU) earnings miss weighed down shares of SanDisk (Nasdaq: SNDK) .
United Continental (NYSE: UAL) reported slower revenue growth in June.
Concerns about Italy's debt problems renewed fears of a Greek default to send shares of National Bank of Greece (NYSE: NBG) lower.
The International Energy Agency's decision yesterday to release 60 million barrels of oil continued to weigh down refiners Holly (NYSE: HOC), Frontier Oil (NYSE: FTO), Tesoro (NYSE: TSO) and Western Refining (NYSE: WNR).