Lower close as gold prices continue falling

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Falling gold prices along with concerns of an oversupply of crude oil sent the markets tumbling to a sharply lower close with the Dow plunging 119 points to 17,731. Nasdaq dropped 25 points to 5,146.

On the upside

Shares of Neos Therapeutics (Nasdaq: NEOS) surged in its market debut.

Cirrus Logic (Nasdaq: CRUS) reported sharply higher first quarter earnings and revenue that topped analyst estimates and forecast current quarter revenue ahead of expectations prompting an upgrade.
 
Cara Therapeutics (Nasdaq: CARA) reported positive results from a Phase 2 clinical trial of uremic pruritus treatment CR845.
 
On the downside

Quality Systems (Nasdaq: QSII) reported higher first quarter earnings and revenue but revenue fell short of expectations.

Second quarter earnings edged up for Customers Bancorp (NYSE: CUBI) but loan loss provisions surged.

United Rentals (NYSE: URI) reported lower second quarter earnings and cut its 2015 full year outlook.

In the broad market, declining issues outpaced advancer by a margin of more than 2 to 1 on the NYSE and by nearly 7 to 3 on Nasdaq. The broader S&P 500 dropped 12 points to 2102. Bitcoin held steady at $274.

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This page contains a single entry by published on July 23, 2015 3:31 PM.

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