The markets extended its losses during the midday with the Dow collapsing 199 points to 16,414 after Wal-Mart reported lower first quarter earnings that missed expectations and forecast current quarter profit below estimates. Nasdaq plunged 51 points to 4,049.
On the upside
Shares of Zendesk (NYSE: ZEN) soared in its market debut.
Mizuho said that initial data from Clovis (Nasdaq: CLVS) for its CO-1686 was promising and more encouraging than AstraZeneca’s (NYSE: AZN) AZD9291.
Zix (Nasdaq: ZIXI) designed and launched Google (Nasdaq: GOOG) Apps Message Encryption.
On the downside
Liquid Holdings Group (Nasdaq: LIQD) priced its secondary offering of 32 million shares of common stock at the discounted price of $1.25 per share.
Acxiom (NYSE: ACXM) fell to a loss for the fourth quarter, warned of lower 2015 results and announced planet to pay approximately $310 million in cash to acquire LiveRamp.
VOXX International (Nasdaq: VOXX) fell to an unexpected loss for the fourth quarter and forecast 2015 revenue below analyst estimates.
In the broad market, declining issues outpaced advancers by a margin of 7 to 2 on the NYSE and by more than 4 to 1 on Nasdaq. The broader S&P 500 plummeted 22 points to 1866. Bitcoin edged up $0.20 or 0.04% to $444.10.
