Markets plunge as crude oil falls

Falling crude oil prices sent the markets down during the midday with the Dow plunging 134 points to 17,756. Nasdaq tumbled 46 points to 4,771.


On the upside


Rayonier Advanced Materials (NYSE: RYAM) reported sharply higher first quarter earnings that beat expectations by a wide margin.


Joseph C. Papa has officially assumed his role as chairman and chief executive officer of Valeant Pharmaceuticals (NYSE: VRX).


Cognex (Nasdaq: CGNX) reported better than expected first quarter results and increased its quarterly dividend.

On the downside


Archrock (NYSE: AROC) fell to a loss for the first quarter and slashed its quarterly dividend.


AMAG Pharmaceuticals (Nasdaq: AMAG) fell to a greater than expected loss for the first quarter.


Shares of Exco Resources (NYSE: XCO) fell ahead of its earnings release today after market close.


In the broad market, declining issues outpaced advancers by a margin of more than 7 to 2 on the NYSE and by more than 5 to 2 on Nasdaq. The broader S&P 500 tumbled 15 points to 2,066. Bitcoin rose $2 to $446.

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