Weak economic growth in China sparked a sharp drop in commodities to send the markets tumbling with the Dow collapsing 265 points to close at 14,599. Nasdaq plummeted 78 points to 3216.
On the upside
Genetic Technologies (Nasdaq: GENE) subsidiary Phenogen Sciences reported that its BREVAGen breast cancer assessment test was more accurate than the Breast Cancer Risk Assessment Tool alone.
Increasing cases of the avian flu in China lifted shares of Sinovac Biotech (Nasdaq: SVA), which developed the first approved swine flu vaccine in 2009.
A Seeking Alpha contributor wrote on Friday that Athersys (Nasdaq: ATHX) had great upside potential for the long term.
On the downside
Shares of OCZ Technology (Nasdaq: OCZ) continued falling after a Seeking Alpha article suggested last week that the company could file for bankruptcy within six months.
BMO Capital Markets downgraded Pan American Silver (Nasdaq: PAAS) from an Outperform rating to a Market Perform rating.
Halcon Resources (NYSE: HK) provided an update on its new East Texas Eagle Ford Shale.
In the broad market, declining issues outpaced advancers by a margin of 6 to 1 on the NYSE and by nearly 8 to 1 on Nasdaq. The broader S&P 500 index plunged 36 points to 1552.
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