Concerns about a slowdown of the Chinese economy sent the markets tumbling to a sharply lower close with the Dow plunging 125 points to 12,695. Nasdaq plummeted 31 points to 2902.
On the upside
Ventrus Biosciences (VTUS) reported positive results from a late stage clinical trial of its anal fissure treatment diltiazem.
Shares of Horizon Pharma (HZNP) continued rising after reporting a narrower first quarter loss last week.
Golf Town will pay a premium of approximately $96.5 million in cash to acquire Golfsmith International Holdings (GOLF).
On the downside
Investors locked in profits on Melco Crown Entertainment (MPEL), whose stock price rose last week after reporting higher first quarter results that beat analyst expectations.
First quarter earning rose for Silver Wheaton (SLW) but the results fell short of expectations.
Iamgold (IAG) disappointed with lower first quarter earnings and revenue.
In the broad market, declining issues outpaced advancers by a margin of more than 5 to 1 on the NYSE and by nearly 7 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks tumbled 11 points to 778.
|Fri, May 17, 2013|
|06:22 PM||Records For Fourth Consecutive Week|
|03:02 PM||Markets Rise As Consumer Sentiment Climbs|
|10:42 AM||High Open As Consumer Sentiment Climbs|
|Thu, May 16, 2013|
|06:29 PM||Economic Data Weighs Down Markets|
|02:20 PM||Markets Rise On Upbeat Earnings|
|10:42 AM||Mixed Open As Jobless Claims Rise|
|Wed, May 15, 2013|
|06:43 PM||Record Dow Close Again|
|01:23 PM||Rise In Homebuilder Confidence Lifts Markets|
|11:30 AM||Lower Open As Factory Output Drops|
|Tue, May 14, 2013|
|06:27 PM||Another Dow Record As Investor Confidence Grows|
|01:03 PM||Investor Optimism Lifts Markets|
|10:42 AM||Higher Open On Lower Import Prices|
|Mon, May 13, 2013|
|06:07 PM||Mixed Close Over Stimulus Concerns|
|01:34 PM||Markets Mixed As Retail Sales Rise|
|10:43 AM||Stimulus May End, Markets Open Lower|
|Fri, May 10, 2013|
|06:31 PM||Another Winning Week|
|02:06 PM||Mixed Markets As Investors Monitor Global Developments|
|11:33 AM||Mixed Open After Record Week|
|Thu, May 09, 2013|
|06:01 PM||Markets Retreat From Record Highs|
|03:13 PM||Markets Rise As Jobless Claims Drop|
|10:42 AM||Markets Retreat After Yesterday's Record Close|
|Wed, May 08, 2013|
|06:08 PM||Upbeat Earnings Boost Markets To Another Record|
|01:46 PM||Dow Advances Further Into Record Territory|
|10:42 AM||Mixed Open After Record Close Yesterday|
|Tue, May 07, 2013|
|06:21 PM||Record Day For Dow, S&P 500|
|01:35 PM||Dow Tops 15,000|
|10:43 AM||Mixed Open As Investors Monitor Earnings|
|Mon, May 06, 2013|
|05:26 PM||S&P 500 Sets New Record, Dow Slips|
|02:05 PM||Banks Settle Lawsuits, Market Advance|
|11:35 AM||Mixed Open After Record Week|
|More News From MarketMinute.com Market Updates|