The markets extended its losses during the midday with the Dow collapsing 273 points to 12,119 as employers created fewer jobs than expected in May. Nasdaq sank 77 points to 2750.
On the upside
Shares of Rosetta Genomics (Nasdaq: ROSG) continued rising in anticipation of the release of clinical data for its miRview products at the American Society of Clinical Oncology 2012 Annual Meeting from June 1-5, 2012.
On the downside
QuickLogic (Nasdaq: QUIK) priced its public offering of 4.5 million common shares and warrants to purchase up to 2.025 million common shares at $2.50 per unit.
Stifel Nicolaus downgraded Synacor (Nasdaq: SYNC) from a Buy to a Hold rating.
In the broad market, declining issues outpaced advancers by a margin of 6 to 1 on the NYSE and by nearly 5 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks plummeted 21 points to 740.