Emerging Market Concerns Sink Stocks

Renewed concerns of the Fragile Five emerging markets sent the markets tumbling during the midday with the Dow plunging 144 points to 15,784. Nasdaq fell 28 points to 4069.

On the upside

Bargain hunters lifted shares of Plug Power (Nasdaq: PLUG).

Freescale Semiconductor (NYSE: FSL) widened fourth quarter losses but revenue climbed to top analyst estimates and the company forecast current quarter revenue ahead of expectations.

Ezcorp (Nasdaq: EZPW) reported lower first quarter earnings and revenue but the result were better than expected.

On the downside


Two patients died in a Phase 2 clinical trial of Progenics Pharmaceuticals' (Nasdaq: PGNX) prostate cancer treatment PSMA ADC.

Triumph Group (NYSE: TGI) disappointed with sharply lower third quarter earnings that fell far short of analyst expectations and the company forecast full year results below estimates.

Boeing (NYSE: BA) reported higher fourth quarter earnings and revenue that topped estimates but the company forecast 2014 earnings that missed expectations.

In the broad market, declining issues outpaced advancers by a margin of more than 5 to 2 on both the NYSE and on Nasdaq. The broader S&P 500 fell 12 points to 1780. Bitcoin lost $14.13 or 1.51% to $937.67.

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