Fears of an imminent interest rate increase sent the markets plunging to a sharply lower close with the Dow tanking 278 points to 17,856. Nasdaq plummeted 55 points to 4,927.
On the upside
Roth Capital Partners initiated coverage of Celladon (Nasdaq: CLDN) with a Buy rating and a price target of $70.
Diamond Foods (Nasdaq: DMND) reversed year ago losses to post a greater than expected profit for the second quarter.
Retrophin (Nasdaq: RTRX) widened losses for the second quarter but the company reported significant second quarter revenue compared with no revenue last year.
On the downside
Esterline Technologies (NYSE: ESL) disappointed with lower first quarter earnings that fell far short of analyst expectations as revenue dropped.
Falling gold and silver prices weighed down shares of Harmony Gold (NYSE: HMY) and Hecla Mining (NYSE: HL).
Violin Memory (NYSE: VMEM) narrowed losses for the fourth quarter but revenue fell to miss analyst estimates.
In the broad market, declining issues outpaced advancers by a margin of nearly 6 to 1 on the NYSE and by nearly 5 to 2 on Nasdaq. The broader S&P 500 plummeted 29 points to 2071. Bitcoin held steady at $271.
Rate concerns sink stocks
March 06, 2015 at 17:39 PM EST