An unexpected drop in durable goods orders along with disappointing earnings results weighed the markets down to a sharply lower close with the Dow skidding 291 points to 17,387. Nasdaq slumped 90 points to 4,681.

On the upside

Courier (Nasdaq: CRRC) received an unsolicited acquisition offer from R.R. Donnelly & Sons.

WWE (NYSE: WWE) announced that its WWE Network surpassed 1 million subscribers.

II-VI (Nasdaq: IIVI) reported higher second quarter earnings and revenue that surpassed analyst expectations.

On the downside

Sterling Construction (Nasdaq: STRL) warned of losses for the fourth quarter.

Plantronics (NYSE: PLT) disappointed with lower third quarter earnings that missed analyst estimates.

Peabody Energy (NYSE: BTU) widened fourth quarter losses more than expected and cut its quarterly dividend.

In the broad market, declining issues outpaced advancers by a margin of 9 to 7 on the NYSE and by 5 to 3 on Nasdaq. The broader S&P 500 plunged 27 points to 2029. Bitcoin lost $8 to $256.
Disappointing earnings news sent the markets into a tailspin during the midday with the Dow collapsing 232 points to 17,445. Nasdaq plummeted 62 points to 4,709.

On the upside

Adam Feuerstein wrote that Advaxis' (Nasdaq: ADXS) market valuation was low compared with its peers.

NF Energy Saving (Nasdaq: NFEC) will supply Gansu Coal Group with 23 sets of flow control equipment.

Bargain hunters lifted shares of Nuverra Environmental Solutions (NYSE: NES).

On the downside

Shares of National Bank of Greece (NYSE: NBG) fell after the anti-austerity Syriza party won general elections in Greece.

STAAR Surgical (Nasdaq: STAA) forecast fourth quarter revenue that fell short of analyst expectations.

Investors locked in profits on Sanmina (Nasdaq: SANM).

In the broad market, declining issues outpaced advancers by a margin of nearly 10 to 9 on the NYSE and by more than 9 to 7 on Nasdaq. The broader S&P 500 tumbled 19 points to 2037. Bitcoin lost $4 to $260.
Durable goods orders unexpectedly fell last month to send the markets tumbling to a sharply lower open with the Dow plummeting 278 points to 17,400. Nasdaq plunged 78 points to 4,692.

On the upside

Lattice Semiconductor (Nasdaq: LSCC) will pay a premium of approximately $600 million in cash to acquire Silicon Image (Nasdaq: SIMG).

AK Steel Holding (NYSE: AKS) reported lower fourth quarter earnings but the results were better than expected.

The Wall Street Journal reported that CommScope Holding (Nasdaq: COMM) was finalizing a deal to buy the network equipment unit of TE Connectivity for approximately $3 billion.

On the downside

Microsoft (Nasdaq: MSFT) reported lower second quarter earnings prompting downgrades.

Fourth quarter earnings fell for Caterpillar (NYSE: CAT) to miss analyst expectations and the company forecast 2015 results below estimates.

Freeport-McMoRan (NYSE: FCX) fell to a greater than expected loss for the fourth quarter.

In the broad market, declining issues outpaced advancers by a margin of nearly 3 to 1 on the NYSE and by more than 3 to 1 on Nasdaq. The broader S&P 500 plunged 24 points to 2032. Bitcoin lost $6 to $258.
The markets inched modestly higher with the Dow adding 6 points to 17,678 as Greek anti-austerity party leader Alexis Tsipras assured the international community that Greece would negotiate a mutually beneficial solution with its lenders. Nasdaq rose 13 points to 4,771.

On the upside

MeetMe (Nasdaq: MEET) chief executive Geoffrey Cook sold 30,000 shares of company stock.

HCA Holdings (NYSE: HCA) will be added to the S&P 500 after closing bell today to replace Safeway (NYSE: SWY).

International Online reported that BLX  was interested in buying Advanced Micro Devices (Nasdaq: AMD).

On the downside

Deutsche Bank downgraded Phoenix New Media (NYSE: FENG) from a Buy rating to a Hold rating.

Mobile Telesystems (NYSE: MBT) subsidiary Moscow City Telephone Network sold its 49.95% stake in Intellect Telecom

Moody's Investors Service affirmed its Baa3 rating on Energy Transfer Partners (NYSE: ETP).

In the broad market, advancing issues outpaced decliners by a margin of more than 2 to 1 on the NYSE and by more than 5 to 3on Nasdaq. The broader S&P 500 rose 5 points to 2057. Bitcoin gained $17 to $267.

Flat markets as world watches Greece

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The markets traded flat during the midday with the Dow easing a point to 17,671 while Nasdaq added 4 points to 4,762 as investors monitored developments in Greece.

On the upside

Bank of America/Merrill Lynch analyst Daniel Heyler named Himax Technologies (Nasdaq: HIMX) as his 2015 top pick in display ICs.

Post Holdings (NYSE: POST) will pay approximately $1.15 billion in cash and stock to purchase MOM Brands.

Shares of Array BioPharma (Nasdaq: ARRY) extended its gains.

On the downside

Shares of The Cushing MLP Total Return Fund (NYSE: SRV) extended its losses.

Warren Resources (Nasdaq: WRES) slashed its 2015 capital budget and cut its production guidance.

Seagate's (Nasdaq: STX) disappointing results sent shares of rival Western Digital (Nasdaq: WDC) tumbling.

In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 5 on both the NYSE and on Nasdaq. The broader S&P 500 added 2 points to 2054. Bitcoin climbed $21 to $271.
The markets opened lower with the Dow losing 15 points to 17,657 after anti-austerity party Syriza won the general election in Greece. Nasdaq slipped 3 points to 4,754.

On the upside

Ocwen Financial (NYSE: OCN) will pay $2.5 million to settle a mortgage compliance dispute with the California Department of Business Oversight.

MeadWestvaco (NYSE: MWV) will merge with Rock-Tenn (NYSE: RKT) to form a $16 billion company.

Universal Display (Nasdaq: OLED) entered an OLED technology license agreement and supplemental material purchase agreement with LG Display (NYSE: LPL).

On the downside

Seagate Technology (Nasdaq: STX) reported higher second quarter earnings and revenue but revenue fell short of analyst expectations.

Shares of National Bank of Greece (NYSE: NBG) fell after anti-austerity party Syriza won the general election in Greece.

Brookdale Senior Living (NYSE: BKD) lowered its full year guidance.

In the broad market, declining issues outpaced advancers by a margin of nearly 2 to 1 on both the NYSE and on Nasdaq. The broader S&P 500 held steady at 2051. Bitcoin rose $11 to $261.

Mixed close over home sales data

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The markets closed mixed with the Dow plunging 141 points to 17,672 over disappointing home sales data. Nasdaq added 7 points to 4,757.

On the upside

The Food and Drug Administration approved Nevro's (NYSE: NVRO) Senza spinal cord stimulation system.

Bargain hunters lifted shares of Eagle Pharmaceuticals (Nasdaq: EGRX).

Otonomy (Nasdaq: OTIC) priced its follow-on pubic offering of 2.55 million common shares at $29.25 per share.

On the downside

Goldman Sachs cut its 2015 iron ore forecast sending shares of Cliffs Natural Resources (NYSE: CLF) tumbling.

Shares of Alpha Natural Resources (NYSE: ANR) fell after Standard & Poor's said that coal prices would remain depressed this year.

Shares of Alamos Gold (NYSE: AGI) extended its losses.

In the broad market, declining issues outpaced advancers by a margin of 5 to 4 on the NYSE and on Nasdaq. The broader S&P 500 dropped 11 points to 2051. Bitcoin added $3 to $232.

Mixed markets at midday

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The markets traded mixed during the midday with the Dow losing 41 points to 17,772 while Nasdaq rose 10 points to 4,760.

On the upside

Shares of Box (NYSE: BOX) surged in its market debut.

The Zillow (Nasdaq: Z) pro for Brokers program enrolled more than 5,000 partners nationwide.

Vitae Pharmaceuticals (Nasdaq: VTAE) priced its follow-on public offering of 3 million common shares at $11.90 per share.

On the downside

Cushing MLP Total Return Fund (NYSE: SRV) lowered its distribution and changed the frequency of the distribution.

Profit taking weighed down shares of Avon Products (NYSE: AVP).

BlueMountain Capital Management said that it shorted shares of Ocwen Financial (NYSE: OCN) .

In the broad market, declining issues barely edged out advancers by a slim margin on the NYSE and by nearly 5 to 4 on Nasdaq. The broader S&P 500 slipped 2 points to 2060. Bitcoin held steady at $229.

Mixed open on home sales data

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The markets opened mixed with the Dow falling 53 points to 17,760 as December existing home sales rose but total sales for 2014 fell. Nasdaq added 2 points to 4,753.

On the upside

Array BioPharma (Nasdaq: ARRY) will acquire the worldwide rights to encorafenib from Novartis.

Infinera (Nasdaq: INFN) swung to a better than expected profit for the fourth quarter as revenue rose.

SFX Entertainment (Nasdaq: SFXE) and Viggle (Nasdaq: VGGL) agreed to combine their sales team for three years.

On the downside

Profit taking weighed down shares of FXCM (NYSE: FXCM).

LeapFrog (NYSE: LF) warned of losses for the third quarter as revenue fell far short of expectations prompting a downgrade.

United Parcel Service (NYSE: UPS) reported preliminary fourth quarter earnings that missed its previous guidance.

In the broad market, declining issues outpaced advancers by a margin of more than 9 to 7 on the NYSE and by nearly 9 to 7 on Nasdaq. The broader S&P 500 lost 4 points to 2058. Bitcoin added $1 to $230.
The European Central Bank's 60 billion euro per month bond buying program sent the markets soaring to a sharply higher close with the Dow rocketing 259 points to 17,813. Nasdaq leaped 82 points to 4,750.

On the upside

Shares of Bank of America (NYSE: BAC) continued climbing after Bloomberg reported yesterday that bank would spend more than $400 million on cybersecurity in 2015.

Curis (Nasdaq: CRIS) announced yesterday that it entered an exclusive collaboration agreement with Aurigene Discovery Technologies.

Dealreporter reported that Avon Products (NYSE: AVP) was in discussions with TPG Capital for a possible deal.

On the downside

Xilinx (Nasdaq: XLNX) reported lower third quarter earnings as revenue fell short of expectations and the company forecast fourth quarter revenue below estimates prompting a downgrade.

Stifel Nicolaus downgraded Magnum Hunter Resources (NYSE: MHR) from a Buy rating to a Hold rating.

Shares of Verastem (Nasdaq: VSTM) extended its losses.

In the broad market, advancing issues outpaced decliners by a margin of 7 to 2 on the NYSE and by more than 5 to 2 on Nasdaq. The broader S&P 500 leaped 31 points to 2063. Bitcoin added $4 to $230.

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