Markets Extend Losses

The markets extended its losses during the midday with the Dow slumping 214 points to 11,429. Nasdaq plunged 50 points to 2617.

On the upside

Sequenom (Nasdaq: SQNM) introduced its noninvasive prenatal Down syndrome test in 20 metropolitan regions.  

The Bedford Report issued a research report on USEC (NYSE: USU) saying that uranium prices are stabilizing. 

Royale Energy (Nasdaq: ROYL) sponsored the Present: Hope cycling tour to raise funds for victims of the Joplin, MO tornado and co chief executive Stephen Hosmer participated as a cyclist.

On the downside

Greenlight Capital founder David Einhorn questioned Green Mountain Coffee Roasters' (Nasdsaq: GMCR) business practices.   

Gannett (NYSE: GCI) reported lower third quarter earnings as revenue fell.

RBC Capital Markets lowered its price target on Manitowoc (NYSE: MTW) to $17 from $27. 

In the broad market, declining issues outpaced advancers by a margin of more than 7 to 2 on the NYSE and by nearly 9 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks plummeted 19 points to 693.