Government shutdown fears sent the markets tumbling to a sharply lower open with the Dow plunging 102 points to 15,156. Nasdaq dropped 17 points to 3764.
On the upside
Vista Equity Partners will take Active Network (NYSE: ACTV) private for a premium of approximately $904.8 million.
A Seeking Alpha contributor expects sales of Galena Biopharma's (Nasdaq: GALE) cancer pain treatment Abstral will exceed expectations.
On the downside
The Food and Drug Administration maintained a clinical hold on Achillion Pharmaceuticals' (Nasdaq: ACHN) hepatitis C treatment sovaprevir.
Credit Suisse lowered its price target on Arena Pharmaceuticals (Nasdaq: ARNA) from $5 to $4.
Profit taking weighed down shares of Catalyst Pharmaceutical Partners (Nasdaq: CPRX).
In the broad market, declining issues outpaced advancers by a margin of nearly 6 to 1 on the NYSE and by nearly 4 to 1 on Nasdaq. The broader S&P 500 fell 9 points to 1682.
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