A sharp 18.2% plunge in durable goods orders sent the markets tumbling with the Dow plummeting 159 points to 17,050. Nasdaq plunged 70 points to 4,484.
On the upside
LabCorp (NYSE: LH) will purchase LipoScience (Nasdaq: LPDX) in an all cash deal valued at approximately $85.3 million in cash.
ChinaNet (Nasdaq: CNET) participated in the 2014 Sina Supporting Wings Corporate Marketing Summit.
Shares of Cyber-Ark Software (Nasdaq: CYBR) continued to soar.
On the downside
Apple (Nasdaq: AAPL) withdrew its iOS 8.0.1 update after users experienced problems with their phones.
HB Fuller (NYSE: FUL) disappointed with sharply lower third quarter earnings that fell far short of analyst expectations.
BlackBerry (Nasdaq: BBRY) introduced its Passport phone aimed at business users but analysts doubt that interest will expand beyond the very loyal BlackBerry faithful.
In the broad market, declining issues outpaced advancers by a margin of more than 4 to 1 on the NYSE and by more than 3 to 1 on Nasdaq. The broader S&P 500 tumbled 17 points to 1980. Bitcoin fell $11 to $407.
Plunge in durable goods orders sends markets tumbling
September 25, 2014 at 10:43 AM EDT