Markets tumble on potential corporate tax cut delay

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Senate Republican's plan to delay corporate tax cuts sent the markets tumbling to a sharply lower close with the Dow plunging 101 points to 23,461. Nasdaq dropped 39 points to 6,750.


On the upside


Bristow Group (NYSE: BRS) reported a smaller than expected loss for the second quarter and lifted its full year forecast.


Otonomy (Nasdaq: OTIC) reported upbeat results from its AVERTS-2 Phase 3 clinical trial of OTIVIDEX to treat Meniere's disease.


B. Riley Financial will pay a premium of approximately $143 million to acquire magicJack VocalTec (Nasdaq: CALL)

 

On the downside


Willbros Group (NYSE: WG) widened losses for the third quarter.


Eastmant Kodak (NYSE: KODK) fell to a loss for the third quarter. 


INC Research (Nasdaq: INCR) fell to a third quarter loss.


In the broad market, declining issues outpaced advancers by a margin of more than 5 to 3 on the NYSE and by nearly 3 to 2 on Nasdaq. The broader S&P 500 dropped 9 points to 2,584. Bitcoin crashed $293 to $7,107.


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This page contains a single entry by published on November 9, 2017 1:52 PM.

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