Weak manufacturing activity in China continued to roil the markets with the Dow collapsing 318 points to 15,879. Nasdaq sank 90 points to 4128.
On the upside
LiveDeal (Nasdaq: LIVE) will commence a three-for-one forward stock split after market close on February 11, 2014 for shareholders of record February 3, 2014.
Open Text (Nasdaq: OTEX) reported higher second quarter earnings that topped analyst estimates and announced a two-for-one stock split.
Shares of Rice Energy (NYSE: RICE) rose on its first trading day.
On the downside
ShoreTel (Nasdaq: SHOR) narrowed losses for the second quarter but the stock price dropped.
A drop in dry bulk shipping rates weighed down shares of DryShips (NYSE: DRYS).
NQ Mobile (NYSE: NQ) subsidiary FL Mobile entered a strategic partnership with Ubisoft but the stock price fell.
In the broad market, declining issues outpaced advancers by a margin of nearly 7 to 1 on the NYSE and by a margin of 6 to 1 on Nasdaq. The broader S&P 500 plummeted 38 points to 1790. Bitcoin slipped $23.70 or 2.57% to $921.07.
