The markets extended its losses during the midday with the Dow plummeting 165 points to 17,430 as factory growth slowed in China. Nasdaq lost 5 points to 4,702.

On the upside

Shares of Hortonworks (Nasdaq: HDP) surged in its market debut.

New Relic (NYSE: NEWR) stock soared on its first trading day.

Quicksilver (NYSE: ZQK) narrowed losses for the fourth quarter.

On the downside

Adobe’s (Nasdaq: ADBE) acquisition of royalty-free stock photography company Fotolia sent shares of Shutterstock (NYSE: SSTK) plummeting.

Falling crude oil prices weighed down shares of Key Energy Services (NYSE: KEG).

Shares of Eagle Rock Energy Partners (Nasdaq: EROC) fell as crude oil prices continued to retreat.

In the broad market, declining issues outpaced advancers by a margin of nearly 7 to 3 on the NYSE and by nearly 3 to 2 on Nasdaq. The broader S&P 500 fell 11 points to 2023. Bitcoin rose $7 to $352.