The markets collapsed with the Dow diving 264 points to 16,945 as durable goods orders sank in August. Nasdaq skidded 88 points to 4,466.
On the upside
Swift Transportation (NYSE: SWFT) affirmed its third quarter earnings outlook.
Regado Biosciences (Nasdaq: RGDO) will reduce its workforce by 60%.
Bargain hunters snapped up shares of Atossa Genetics (Nasdaq: ATOS).
On the downside
The Food and Drug Administration issued a Warning Letter to Pacira Pharmaceuticals (Nasdaq: PCRX) for misleading claims on promotional material for its post surgical analgesia Exparel.
Third quarter earnings plunged for Omnova Solutions (NYSE: OMN) to fall far short of analyst expectations as revenue slipped.
First week sales of Microsoft's (Nasdaq: MSFT) Xbox One in Japan have disappointed.
In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 1 on the NYSE and by more than 4 to 1 on Nasdaq. The broader S&P 500 plummeted 32 points to 1965. Bitcoin fell $11 to $407.
Durable goods orders plunge, markets collapse
September 25, 2014 at 20:23 PM EDT