Durable goods orders plunge, markets collapse

The markets collapsed with the Dow diving 264 points to 16,945 as durable goods orders sank in August. Nasdaq skidded 88 points to 4,466.

On the upside

Swift Transportation (NYSE: SWFT) affirmed its third quarter earnings outlook.

Regado Biosciences (Nasdaq: RGDO) will reduce its workforce by 60%.

Bargain hunters snapped up shares of Atossa Genetics (Nasdaq: ATOS).

On the downside

The Food and Drug Administration issued a Warning Letter to Pacira Pharmaceuticals (Nasdaq: PCRX) for misleading claims on promotional material for its post surgical analgesia Exparel.

Third quarter earnings plunged for Omnova Solutions (NYSE: OMN) to fall far short of analyst expectations as revenue slipped.

First week sales of Microsoft's (Nasdaq: MSFT) Xbox One in Japan have disappointed.

In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 1 on the NYSE and by more than 4 to 1 on Nasdaq. The broader S&P 500 plummeted 32 points to 1965. Bitcoin fell $11 to $407.
Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.