Markets Plunge Over Interest Rate Concerns

Federal Chair Janet Yellen commented that interest rates will most likely increase in 2015 sending the markets tumbling to a sharply lower close with the Dow plunging 114 points to 16,222. Nasdaq dropped 25 points to 4307.

On the upside

Shares of Paylocity (Nasdaq: PCTY) surged in its market debut.

Unilife (Nasdaq: UNIS) stock continued rising after naming Dennis Pyers to the position of interim chief financial officer yesterday.

TheStreet listed Andatee China Marine Fuel Services (Nasdaq: AMCF) as one of three stocks under $10 that has trended upward.

On the downside


Shares of McEwen Mining (NYSE: MUX) fell for the third straight day.

The lock-up period for FireEye (Nasdaq: FEYE) expired today which freed approximately 14.66 million common shares.

Rubicon Technology (Nasdaq: RBCN) priced its a public offering of 2.5 million common shares at the discounted price of $13 per share.

In the broad market, declining issues outpaced advancers by a margin of more than 3 to 1 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 fell 11 points to 1860. Bitcoin slipped $5.50 or 0.89% to $610.00.

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