Consumer confidence plunged to send the markets tumbling during the midday with the Dow collapsing 241 points to 9897. Nasdaq stumbled 70 points to 2150.
On the upside
Shares of Tesla (Nasdaq: TSLA) rose on its first trading day.
Cyclacel Pharmaceuticals (Nasdaq: CYCC) joined the Russell Microcap Index yesterday.
Eastern Bank will pay approximately $163 million in cash to take Wainwright Bank & Trust (Nasdaq: WAIN) private.
On the downside
RBS downgraded Ctrip.com (Nasdaq: CTRP) to a Hold rating after commission rates were cut by several airlines.
Vale (NYSE: VALE) chief financial officer Fabio Barbosa resigned.
Wells Fargo (NYSE: WFC) introduced a host of new mobile banking applications but the stock price fell.
In the broad market, declining issues outpaced advancers by a margin of 8 to 1 on the NYSE and by nearly 10 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks plunged 19 points to 622.
