Tapering Possibility Sinks Stocks

The possibility of tapering next month sent the markets tumbling to sharply lower close with the Dow collapsing 185 points to 15,451. Nasdaq fell 14 points to 3774.

On the upside

Shares of Rocket Fuel (Nasdaq: FUEL) surged in its market debut.

Shutterstock (Nasdaq: SSTK) priced its follow-on offering of 4.6 million common shares at $60 per share.

Textura (NYSE: TXTR) priced its follow-on public offering of more than 4.58 million common shares at $38 per share.

On the downside

BlackBerry (Nasdaq: BBRY) will eliminate 4,500 jobs and warned that second quarter losses would be close to $1 billion.

Falling gold prices weighed down shares of Eldorado Gold (NYSE: EGO).

Walter Energy (NYSE: WLT) priced its private offering of $450 million in senior secured notes.  

In the broad market, declining issues outpaced advancers by a margin of more than 5 to 2 on the NYSE and by more than 10 to 9 on Nasdaq. The broader S&P 500 dropped 12 points to 1709.

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