An unexpected drop in March consumer sentiment sent the markets tumbling to a sharply lower open with the Dow plunging 133 points to 17,761. Nasdaq lost 17 points to 4,875.
On the upside
FXCM (NYSE: FXCM) reported sharply higher fourth quarter earnings that topped analyst estimates as revenue rose.
El Pollo Loco (Nasdaq: LOCO) reversed year ago losses to post a stronger than expected profit for the fourth quarter.
The Wall Street Journal reported that the Federal Bureau of Investigation questioned individuals associated with billionaire investor Bill Ackman for making false statements in order to manipulate Herbalife (NYSE: HLF) stock.
On the downside
Galena Biopharma (Nasdaq: GALE) priced its public offering of approximately 24.36 million units at the discounted price of $1.56 per unit.
CTI BioPharma (Nasdaq: CTIC) fell to a loss for the fourth quarter as revenue plunged.
Aeropostale (NYSE: ARO) narrowed losses for the fourth quarter but the teen apparel retailer forecast a greater than expected loss for the current quarter.
In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 2 on the NYSE and by 7 to 3 on Nasdaq. The broader S&P 500 fell 11 points to 2054. Bitcoin slipped $2 to $290.
Consumer sentiment drops, markets plunge
March 13, 2015 at 10:43 AM EDT
