Crude oil continues falling, markets collapse

The markets opened sharply lower with the Dow collapsing 324 points to 15,880 as crude oil prices continued falling. Nasdaq crashed 105 points to 4,257.


On the upside


A private equity group led by Apollo Global Management will take Apollo Education (Nasdaq: APOL) private for $1.1 billion in cash.


Rising gold prices lifted shares of Kinross Gold (NYSE: KGC) and Yamana Gold (NYSE: AUY).


BMO Capital Markets lifted its price target on Tyson Foods (NYSE: TSN) from $53 to $62.


On the downside


Energy Transfer Energy (NYSE: ETE) replaced chief financial officer Jamie Welch with Thomas E. Long prompting a downgrade.


Retreating crude oil prices weighed down shares of Williams Companies (NYSE: WMB).


Debtwire reported that Chesapeake Energy (NYSE: CHK) hired restructuring firm Kirkland & Ellis.


In the broad market, declining issues outpaced advancers by a margin of nearly 8 to 1 on the NYSE and by more than 5 to 1 on Nasdaq. The broader S&P 500 crashed 36 points to 1,843. Bitcoin eased a fraction to $376.

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