An unexpectedly sharp drop in existing home sales sent the market tumbling to a lower close with the Dow plummeting 133 points to 10,040. Nasdaq plunged 35 points to 2123.
On the upside
Motley Fool listed RF Micro Devices (Nasdaq: RFMD) as having the second highest return on ending equity among semiconductors.
iStar Financial (NYSE: SFI) entered negotiations to restructure loans to extend the terms by three years.
Acacia Research (Nasdaq: ACTG) entered a strategic patent licensing agreement with Renesas Electronics.
On the downside
Comcast (Nasdaq: CMCSA) unveiled new DVR services including online programming and AnyRoom DVR available to customers in Massachusetts and Southern New Hampshire but the stock price fell.
Eight Republican senators questioned China's Huawei Technologies' supply agreement with Sprint (NYSE: S) citing national security concerns.
Ford (NYSE: F) partnered with Portland General Electric to provide charging stations along with consumer education and support for electric vehicles in the Portland and Pacific Northwest region but Ford's stock price fell.
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 2 on Nasdaq. The Russell 2000 which tracks small cap stocks dropped 7 points to 595.
