Retreating energy sector sinks markets

The market extended its losses during the midday with the Dow collapsing 233 points to 17,567 as the energy sector continued to retreat. Nasdaq plummeted 63 points to 4,703.

On the upside

LIfeNet Health appointed Novadaq Technologies (Nasdaq: NVDQ) as the exclusive worldwide distributor of LifeNet Health's DermACELL tissue products.

Neurocrine Biosciences (Nasdaq: NBIX) announced that its corticotropin releasing factor 1 receptor antagonist NBI-77860 entered clinical trials to treat classic congenital adrenal hyperplasia disease.

Shares of Lakeland Industries (Nasdaq: LAKE) climbed ahead of its earnings release today after market close.

On the downside

Falling crude oil prices weighed down shares of Goodrich Petroleum (NYSE: GDP) and Penn West Petroleum (NYSE: PWE).

Scorpio Bulkers (NYSE: SALT) extended its losses.

Shares of oilfield temporary housing provider Civeo (NYSE: CVEO) fell as crude oil prices continued to fall.

In the broad market, declining issues outpaced advancers by a margin of nearly 7 to 2 on the NYSE and by more than 5 to 2 on Nasdaq. The broader S&P 500 plunged 27 points to 2032. Bitcoin slipped $2 to $346.
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