Continued concerns about the Syrian crisis along with tepid jobs data sent the markets tumbling to a sharply lower open with the Dow plummeting 120 points to 14,816. Nasdaq dropped 29 points to 3629.
On the upside
Finisar (Nasdaq: FNSR) swung to a profit for the first quarter as revenue climbed and forecast current quarter results above expectations.
Ambarella (Nasdaq: AMBA) reported higher second quarter earnings and revenue that surpassed analyst expectations.
Third quarter earnings for Quicksilver (NYSE: ZQK) dropped but the results were better than expected.
On the downside
Investors locked in profits on Himax Technologies (Nasdaq: HIMX).
Bank of America/Merrill Lynch downgraded MannKind (Nasdaq: MNKD) from a Neutral rating to an Underperform rating.
Smith & Wesson (NYSE: SWHC) reported higher earnings and revenue that topped analyst estimates but the company forecast current quarter results that fell short of expectations.
In the broad market, advancing issues were on par with decliners on the NYSE while decliners outpaced advancers by a margin of 5 to 3 on Nasdaq. The broader S&P 500 dropped 10 points to 1644.
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