The markets extended its losses during the midday with the Dow collapsing 293 points to 17,281 as crude oil fell below $36 per barrel. Nasdaq sank 99 points to 4,945.
On the upside
SunEdison (NYSE: SUNE) will sell 333 megawatts of wind power assets to Terra Nova Renewable Partners for $209 million.
Corning (NYSE: GLW) will exchange its 50% interest in Dow Corning for 100% of a newly formed entity that will become a wholly owned subsidiary of Corning.
Shares of MagneGas (Nasdaq: MNGA) continued rising.
On the downside
Investors locked in profits on Kinder Morgan (NYSE: KMI).
Puma Biotechnology (NYSE: PBYI) presented updated results from a Phase III trial of the breast cancer treatment PB272.
Falling crude oil prices weighed down shares of Southwestern Energy (NYSE: SWN).
In the broad market, declining issues outpaced advancers by a margin of nearly 6 to 1 on the NYSE and by more than 4 to 1 on Nasdaq. The broader S&P 500 plummeted 35 points to 2,016. Bitcoin climbed $18 to $432.
