The markets recovered early morning losses but continued trading in negative territory with the Dow plunging 115 points to 17,287 over the yuan's devaluation. Nasdaq dropped 29 points to 5,007.
On the upside
Bargain hunters snapped up shares of Envestnet (NYSE: ENV).
SunEdison (NYSE: SUNE) and TerraForm Power (Nasdaq: TERP) successfully syndicated the $280 million 7 year term loan facility of TerraForm Private Warehouse.
Rising gold prices lifted shares of Barrick Gold (NYSE: ABX) and Yamana Gold (NYSE: AUY).
On the downside
Investors locked in profits on Aquinox Pharmaceuticals (Nasdaq: AQXP).
Second quarter earnings for Arcos Dorados (NYSE: ARCO) fell short of analyst expectations as revenue dropped.
CYREN (Nasdaq: CYRN) priced its public offering of more than 6.66 million common shares at the discounted price of $1.65 per share.
In the broad market, declining issues outpaced advancers by a margin of nearly 2 to 1 on the NYSE and by more than 2 to 1 on Nasdaq. The broader S&P 500 dropped 13 points to 2,070. Bitcoin eased $2 to $265.
