Markets Dive Over Greek Referendum

Fears that Greek citizens will vote down the European rescue plan sent the markets into a tailspin with the Dow diving 297 points to 11,657. Nasdaq plunged 77 points to 2606.

On the upside

Forest Oil (NYSE: FST) reported lower third quarter earnings but the results were in line with expectations.  

Corinthian Colleges (Nasdaq: COCO) swung to a first quarter loss but the for profit educator forecast current quarter and full year results ahead of estimates. 

BB&T (NYSE: BBT) will pay approximately $301 million to acquire BankAtlantic (NYSE: BBX) assets. 

On the downside

Mad Money's Jim Cramer rated Qihoo 360 Technology (NYSE: QIHU) a Sell.

A Seeking Alpha article said that Renren (NYSE: RENN) was overvalued.   

Gaylord Entertainment (NYSE: GET) narrowed losses for the third quarter but the results missed estimates.

In the broad market, declining issues outpaced advancers by a margin of 6 to 1 on the NYSE and by more than 7 to 1 on Nasdaq. The Russell 2000 which tracks small cap plummeted 27 points to 713.