Markets plummet as durable goods orders plunge

The markets extended its losses during the midday with the Dow collapsing 242 points to 16,967 over a sharp drop in durable goods orders. Nasdaq plummeted 78 points to 4,476.

On the upside

Cone Midstream Partners (NYSE: CNNX) surged on its first trading day.

Magnum Hunter Resources (NYSE: MHR) reported production results at its Stewart Winland Utica well in West Virginia Utica and record throughput volumes at its Eureka Hunter's gas gathering pipeline system.

Blackhawk Network Holdings (Nasdaq: HAWK) will pay approximately $290 million to buy Parago.

On the downside

Shares of Net Element (Nasdaq: NETE) continued falling.

SFX Entertainment (Nasdaq: SFXE) closed its notes offering.

Metallurgical coal prices dropped to its lowest level in six years sending shares of Cliffs Natural Resources (Nasdaq: CLF) lower.

In the broad market, declining issues outpaced advancers by a margin of 6 to 1 on the NYSE and by more than 5 to 1 on Nasdaq. The broader S&P 500 plunged 28 points to 1969. Bitcoin fell $11 to $407.
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