Markets down sharply as crude oil slumps

Slumping crude oil prices sent the markets down sharply during the midday with the Dow plunging 166 points to 17,564. Nasdaq lost 11 points to 5,089.


On the upside


Harvard Apparatus Regenerative Technology's (Nasdaq: HART) chief medical officer Saverio La Francesca will moderate and speak at the World Stem Cell Summit.


Bargain hunters lifted shares of Navios Maritime Partners (NYSE: NMM).


The Children's Place (Nasdaq: PLCE) reported higher third quarter earnings that topped analyst estimates.

On the downside


Gevo (Nasdaq: GEVO) priced its public offering of common stock and warrants at the discounted price of $1 per unit.


Southwest Airlines (NYSE: LUV) lowered its fourth quarter revenue per available seat mile forecast.


Rio Tinto (NYSE: RIO) cut its 2016 capital expenditure forecast from $6 billion to $5 billion.


In the broad market, declining issues outpaced advancers by a margin of nearly 2 to 1 on the NYSE and by nearly 5 to 4 on Nasdaq. The broader S&P 500 dropped 14 points to 2,062. Bitcoin added $2 to $393.

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