Disappointing earnings sent the markets tumbling to a sharply lower close with the Dow plunging 120 points to 17,419. Nasdaq plummeted 83 points to 5,056.
On the upside
Bargain hunters lifted shares of Chesapeake Energy (NYSE: CHK).
Qualcomm (Nasdaq: QCOM) subsidiary Qualcomm Atheros will acquire Ikanos Communications (Nasdaq: IKAN).
Boulder Brands (Nasdaq: BDBD) engaged William Blair & Co. to explore strategic alternatives to enhance shareholder value.
On the downside
InfoSonics (Nasdaq: IFON) fell to a loss for the second quarter.
RCS Capital (NYSE: RCAP) fell to a second quarter loss as revenue tumbled.
Approach Resources (Nasdaq: AREX) fell to a loss for the second quarter as revenue plunged.
In the broad market, declining issues outpaced advancers by a margin of more than 3 to 2 on the NYSE and by nearly 5 to 2 on Nasdaq. The broader S&P 500 tumbled 16 points to 2083. Bitcoin slipped $3 to $277.
Markets plunge as earnings disappoint
August 06, 2015 at 17:42 PM EDT