Markets plunge as pending home sales tumble

A sharp drop in pending home sales sent the markets tumbling to close sharply lower with the Dow plummeting 111 points to 19,833. Nasdaq plunged 48 points to 5,438.


On the upside


Kate Spade & Co. (NYSE: KATE) is reportedly exploring a possible sale of the company.


Rising gold prices lifted shares of Barrick Gold (NYSE: ABX) and Iamgold (NYSE: IAG).


Shares of Monster Digital (Nasdaq: MSDI) surged on no news.


On the downside


Investors locked in profits on Navios Maritime Holdings (NYSE: NM).


Profit taking weighed down shares of Advanced Micro Devices (Nasdaq: AMD).


Citron Research tweeted that Nvidia (Nasdaq: NVDA) was overvalued.


In the broad market, declining issues outpaced advancers by a margin of more than 5 to 2 on the NYSE and by nearly 3 to 1 on Nasdaq. The broader S&P 500 index tumbled 18 points to 2,249. Bitcoin soared $36 to $956.


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