The markets extended its losses during the midday with the Dow falling 71 points to 17,101 as the war on ISIS escalated. Nasdaq lost 7 points to 4,520.

On the upside

The Food and Drug Administration granted Fast Track Designation for Galmed Pharmaceuticals’ (Nasdaq: GLMD) non-alcoholic steato-hepatitis treatment aramchol.

Millennial Media (NYSE: MM) will acquire Nexage in a cash and stock deal valued at approximately $107.5 million.

Shares of Herbalife (NYSE: HLF) climbed once rumors of Carl Icahn’s selloff were denied.

On the downside

Investors locked in profits on ChinaNet Online Holdings (Nasdaq: CNET).

Alco Stores (Nasdaq: ALCS) widened second quarter losses as revenue fell.

Sterne Agee downgraded Del Frisco’s Restaurant (NYSE: DFRG) from a Buy rating to a Neutral rating.

In the broad market, declining issues outpaced advancers by a margin of more than 2 to 1 on the NYSE and by nearly 2 to 1 on Nasdaq. The broader S&P 500 lost 6 points to 1987. Bitcoin slipped $4 to $392.