Markets tumble after Malaysia Airlines Flight 17 shot

The markets dropped during the midday with the Dow tumbling 84 points to 17,053 over news that Malaysia Airlines Flight 17 was shot down while flying over eastern Ukraine. Nasdaq plunged 41 points to 4,384.

On the upside

NeoGenomics (Nasdaq: NEO) reported sharply higher second quarter revenue that topped analyst estimates prompting the company to lift its full year revenue outlook.

BioLife Solutions (Nasdaq: BLFS) will supply it tissue preservation solution DuraGraft to Somahlution for three years.

Burlington Stores (NYSE: BURL) will refinance its debt and lifted its same store sales outlook.

On the downside

News that terrorists in Ukraine shot down Malaysia Airlines Flight 17 sent shares of Russian electronic payment services firm Qiwi (Nasdaq: QIWI) tumbling.

A disappointing forecast by SanDisk (Nasdaq: SNDK) weighed down shares of Micron Technology (Nasdaq: MU).

Second quarter earnings tumbled for Fifth Third Bancorp (Nasdaq: FITB) .

In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 2 on the NYSE and by more than 5 to 2 on Nasdaq. The broader S&P 500 fell 13 points to 1968. Bitcoin rose $11.55 or 1.85% to $624.50.

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