Markets fall as crude oil prices tumble

Tumbling crude oil prices weighed the markets down during the midday with the Dow losing 46 points to 17,505. Nasdaq fell 19 points to 5,029.

On the upside

Shares of FXCM (NYSE: FXCM) surged for the second day.

MomentumStockAlert.com noted that Great Basin Scientific (Nasdaq: GBSN) was potentially undervalued in the near term.

Rovi (Nasdaq: ROVI) renewed its multi-year, worldwide license agreement with Sony (NYSE: SNE).

On the downside

Falling crude oil prices weighed down shares of Memorial Production Partners (Nasdaq: MEMP) and Whiting Petroleum (NYSE: WLL).

Freeport-McMoRan (NYSE: FCX) co-founder and executive chair James R. Moffett resigned.

Investors locked in profits on SunEdison (NYSE: SUNE).

In the broad market, declining issues outpaced advancers by a margin of more than 2 to 1 on both the NYSE and on Nasdaq. The broader S&P 500 lost 6 points to 2,054. Bitcoin slipped 2 points to $421.

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