Falling crude oil prices sent the markets tumbling to a sharply lower close with the Dow plummeting 106 points to 17,320. Nasdaq plunged 68 points to 4,570.
On the upside
Rising gold prices lifted shares of Barrick Gold (NYSE: ABX) and Harmony Gold (NYSE: HMY).
McEwen Mining (NYSE: MUX) reported record gold production in the fourth quarter.
Taiwan Semiconductor (NYSE: TSM) reported sharply higher record earnings for the fourth quarter that surpassed analyst expectations.
On the downside
Fourth quarter earnings and revenue fell for Bank of America (NYSE: BAC).
Mizuho Securities downgraded Apple (Nasdaq: AAPL) from a Buy rating to a Neutral rating.
Shares of JPMorgan (NYSE: JPM) extended its losses.
In the broad market, declining issues outpaced advancers by a margin of nearly 2 to 1 on the NYSE and by more than 7 to 2 on Nasdaq. The broader S&P 500 dropped 18 points to 1992. Bitcoin gained $31 to $199.
Oil drops again to send markets tumblin
January 15, 2015 at 17:11 PM EST