Crude oil prices retreated during the midday to send the markets tumbling with the Dow plummeting 145 points to 17,422. Nasdaq plunged 93 points to 5,004.
On the upside
Fusion Telecommunications International (Nasdaq: FSNN) acquired Fidelity Voice and Data for approximately $30 million in cash and stock.
TerraForm Power (Nasdaq: TERP) lowered the price that it would pay to acquire Vivint Solar's (NYSE: VSLR) rooftop solar portfolio from $922 million to $799 million.
Wynn Resorts (Nasdaq: WYNN) chief executive Steve Wynn bought more than 1 million shares of company stock on the open market.
On the downside
Sigma Designs (Nasdaq: SIGM) reversed year ago losses for the third quarter but revenue fell short of expectations.
Lululemon Athletica (Nasdaq: LULU) disappointed with third quarter earnings and revenue that missed analyst expectations.
A majority of Qunar Cayman Islands' (Nasdaq: QUNR) minority shareholders consented to the employee share exchange program.
In the broad market, declining issues outpaced advancers by a margin of more than 5 to 2 on the NYSE and by nearly 7 to 3 on Nasdaq. The broader S&P 500 tumbled 20 points to 2,043. Bitcoin soared $18 to $412.
