Investors sold in droves over renewed concerns that the Federal Reserve may begin to slow its bond buying program. The Dow dropped below 15,000 by collapsing 216 points to close at 14,960. Nasdaq plummeted 43 points to 3401.
On the upside
Juniper Networks (NYSE: JNPR) introduced its Junos DDoS Secure solution to prevent Distributed Denial of Service attacks.
Bargain hunters lifted shares of Novavax (Nasdaq: NVAX).
Mattress Firm Holding (Nasdaq: MFRM) reported higher first quarter earnings that topped analyst estimates as revenue soared.
On the downside
Zogenix (Nasdaq: ZGNX) will cut its workforce by approximately 37% and implement cost control initiatives.
Shares of Quicksilver Resources (NYSE: KWK) continued falling after announcing a senior notes offering on Monday.
A sharp plunge of the Nikkei weighed down shares of Nomura Holdings (NYSE: NMR).
In the broad market, declining issues outpaced advancers by a margin of more than 4 to 1 on the NYSE and by nearly 7 to 2 on Nasdaq. The broader S&P 500 index plunged 22 points to 1608.
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