Economic concerns continued to weigh down the markets with the Dow collapsing 226 points to 17,269. Nasdaq dropped 35 points to 4,967.
On the upside
ReachLocal (Nasdaq: RLOC) lifted its fourth quarter earnings outlook, entered a new financing agreement with VantagePoint Capital Partners and amended its existing agreement with Hercules Technology Growth Capital.
Bargain hunters snapped up shares of Teekay (NYSE: TK).
Park Lane Advisor initiated coverage of Keryx Biopharmaceuticals (Nasdaq: KERX).
On the downside
Great Basin Scientific (NYSE: GBSN) sold 2.724 million units of convertible preferred stock and warrants.
Atwood Oceanics (NYSE: ATW) will delay taking delivery of two new build ultra-deepwater drillships.
Robert W. Baird downgraded Hub Group (Nasdaq: HUBG) from an Outperform rating to a Neutral rating.
In the broad market, declining issues outpaced advancers by a margin of 4 to 3 on the NYSE and by more than 10 to 9 on Nasdaq. The broader S&P 500 plunged 20 points to 2,021. Bitcoin gained $5 to $457.