Crude oil prices fell again to settle at $31 per barrel to send the markets plummeting to a sharply lower close with the Dow crashing 211 points to 16,204. Nasdaq collapsed 146 points to 4,363.
On the upside
TTM Technologies (Nasdaq: TTMI) reported better than expected earnings and revenue for the fourth quarter.
Rising gold prices lifted shares of Kinross Gold (NYSE: KGC).
USG (NYSE: USG) reversed year ago losses to post a stronger than expected profit for the fourth quarter.
On the downside
Esterline Technologies (NYSE: ESL) disappointed with sharply lower first quarter earnings that missed expectations.
Quotient (Nasdaq: QTNT) priced its public offering of approximately 4.44 million common shares at the discounted price of $9.00 per share.
Genworth Financial (NYSE: GNW) reported a wider than expected loss for the fourth quarter.
In the broad market, declining issues outpaced advancers by a margin of nearly 7 to 2 on the NYSE and by more than 4 to 1 on Nasdaq. The broader S&P 500 crashed 35 points to 1,880. Bitcoin lost 3 points to $383.