Crude oil resumes decline, markets plunge

Crude oil prices resumed their decline sending the markets tumbling during the midday with the Dow plummeting 160 points to 17,747. Nasdaq tumbled 32 points to 4,703.

On the upside

Alcobra (Nasdaq: ADHD) priced its public offering of 6.5 million common shares at $4.00 per share.

Mizuho initiated coverage of Kite Pharma (Nasdaq: KITE) with a Buy rating.

Speculation that excess supplies of crude oil may be stored on oil tankers lifted shares of Frontline (NYSE: FRO).

On the downside

Shares of Banco Santander (NYSE: SAN) extended its losses.

E2open (Nasdaq: EOPN) widened losses for the third quarter and forecast a greater than expected loss for the current quarter.

Golar LNG Partners (Nasdaq: GMLP) priced its secondary offering of 7.17 million common units at the discounted price of $29.90 per unit.

In the broad market, declining issues outpaced advancers by a margin of nearly 7 to 3 on the NYSE and by nearly 2 to 1 on Nasdaq. The broader S&P 500 tumbled 17 points to 2044. Bitcoin added $1 to $280.