About Us

Markets plunge as earnings disappoint

Disappointing earnings sent the markets tumbling to a sharply lower close with the Dow plunging 120 points to 17,419. Nasdaq plummeted 83 points to 5,056.

On the upside

Bargain hunters lifted shares of Chesapeake Energy (NYSE: CHK).

Qualcomm (Nasdaq: QCOM) subsidiary Qualcomm Atheros will acquire Ikanos Communications (Nasdaq: IKAN).

Boulder Brands (Nasdaq: BDBD) engaged William Blair & Co. to explore strategic alternatives to enhance shareholder value.

On the downside

InfoSonics (Nasdaq: IFON) fell to a loss for the second quarter.

RCS Capital (NYSE: RCAP) fell to a second quarter loss as revenue tumbled.

Approach Resources (Nasdaq: AREX) fell to a loss for the second quarter as revenue plunged.

In the broad market, declining issues outpaced advancers by a margin of more than 3 to 2 on the NYSE and by nearly 5 to 2 on Nasdaq. The broader S&P 500 tumbled 16 points to 2083. Bitcoin slipped $3 to $277.
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.