Another day of heavy market losses


Heavy losses plagued the markets yet again sending the Dow into a freefall to end the day down 1,032 points to close at 24,902. Nasdaq crashed 274 points to 6777.

On the upside

Virtu Financial (Nasdaq: VIRT) reported higher fourth quarter earnings as revenue surged, announced a $50 million share repurchase program and declared a quarterly cash dividend.

Infinera (Nasdaq: INFN) reported a smaller than expected loss for the fourth quarter on higher revenue.

Third quarter earnings rose for Just Energy Group (NYSE: JE).


On the downside 

Quantum (NYSE: QTM) delayed the release of its third quarter earnings.

iRobot (Nasdaq: IRBT) reported sharply lower fourth quarter earnings.

Gemphire Therapeutics (Nasdaq: GEMP) priced its public offering of more than 3.1 million common shares at the discounted price of $7.00 per share..

In the broad market, declining issues outpaced advancers by a margin of 8 to 1 on the NYSE and by nearly 6 to 1 on Nasdaq. The broader S&P 500 crashed 100 points to 2,581. Bitcoin soared $398 to $8,258.

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This page contains a single entry by published on February 8, 2018 2:02 PM.

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