IMF warns of weak growth, markets plunge

The markets plunged to a sharply lower close with the Dow collapsing 254 points to 17,448 after the International Monetary Fund warned of an extended period of weak global economic growth. Nasdaq dropped 27 points to 5,039.


On the upside


Insys Therapeutics (Nasdaq: INSY) will present at the Jefferies Autumn 2015 Global Healthcare Conference.


Bargain hunters lifted shares of Sprint (NYSE: S).


Eros International (NYSE: EROS) responded to allegations of fraud by issuing a statement affirming its core business model.

On the downside


Fairmount Santrol Holdings (NYSE: FMSA) fell to a greater than expected loss for the third quarter as revenue plunged.


Falling copper prices weighed down shares of Freeport-McMoRan (NYSE: FCX).


Barron's wrote that Avon (NYSE: AVP) may eliminate its dividend.


In the broad market, declining issues outpaced advancers by a margin of more than 4 to 1 on the NYSE and by nearly 3 to 1 on Nasdaq. The broader S&P 500 plunged 29 points to 2,045. Bitcoin climbed $28 to $331.

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