The markets extended its losses during the midday with the Dow crashing 270 points to 16,044. Nasdaq skidded 130 points to 4,555.
On the upside
FBR Capital upgraded Knowles (NYSE: KN) from an Underperform rating to a Market Perform rating.
Alcoa (NYSE: AA) will separate into two independent, publicly-traded companies.
On the downside
Shares of Aratana Therapeutics (Nasdaq: PETX) extended its losses.
SunEdison (NYSE: SUNE) completed three solar panel canopies in Fremont but the stock price fell.
Zacks Equity Research recommended selling Rite Aid (NYSE: RAD).
Freeport-McMoRan (NYSE: FCX) reported positive drilling results from its Horn Mountain Deep well in the Deepwater Gulf of Mexico but the stock price fell.
In the broad market, declining issues outpaced advancers by a margin of more than 7 to 1 on the NYSE and by nearly 5 to 1 on Nasdaq. The broader S&P 500 slumped 43 points to 1,888. Bitcoin gained $4 to $237.
Losses extended at midday
September 28, 2015 at 14:35 PM EDT