A disappointing average hourly wage report along with retreating crude oil prices sent the market tumbling to a sharply lower close with the Dow plunging 170 points to 17,737. Nasdaq dropped 32 points to 4,704.
On the upside
Helen of Troy (Nasdaq: HELE) reported higher third quarter earnings as revenue climbed.
Rising gold prices lifted shares of Harmony Gold (NYSE: HMY).
Dot Hill Systems (Nasdaq: HILL) lifted its revenue and earnings guidance for the fourth quarter and full year.
On the downside
Adamis Pharmaceuticals (Nasdaq: ADMP) priced its public offering of 2 million common shares at the discounted price of $5.00 per share.
The ContainerStore (NYSE: TCS) swung to a profit for the third quarter but revenue fell short of expectations prompting the retailer to cut its full year guidance.
Investors locked in profits on Knightsbridge Shipping (Nasdaq: VLCCF).
In the broad market, declining issues outpaced advancers by a margin of more than 5 to 3 on the NYSE and by nearly 2 to 1 on Nasdaq. The broader S&P 500 tumbled 17 points to 2044. Bitcoin rose $6 to $286.
Markets plunge as crude oil falls again
January 09, 2015 at 18:55 PM EST