Chinese market crash sends domestic markets plummeting

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A technical problem halted trading on the New York Stock Exchange for more than three hours today. The glitch along with the Chinese market crash sent the markets tumbling to a sharply lower close with the Dow crumbling 261 points to 17,515. Nasdaq collapsed 87 points to 4,909.

On the upside

Bargain hunters lifted shares of Harvest Natural Resources (NYSE: HNR).

Shares of Etsy (Nasdaq: ETSY) climbed on bargain hunting.
 
On the downside

Gevo (Nasdaq: GEVO) stock extended its losses.

Perficient (Nasdaq: PRFT) warned that second quarter revenue would fall short of previous guidance and cut its full year revenue forecast.

Bloomberg reported that Swift Energy (NYSE: SFY) was experiencing difficulty in selling a $640 million loan.

Shares of DuPont (NYSE: DD) spinoff Chemours Company (NYSE: CC) extended its losses.
 
In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 1 on the NYSE and by more than 5 to 1 on Nasdaq. The broader S&P 500 plummeted 34 points to 2046. Bitcoin added $2 to $267.

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This page contains a single entry by published on July 8, 2015 4:03 PM.

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