Markets Collapse Ahead Of Sequester

Looming mandatory budget cuts sent the markets into a tailspin in the late afternoon with the Dow collapsing 216 points to 13,784. Nasdaq plummeted 45 points to 3116.

On the upside

EDAP (Nasdaq: EDAP) reported positive data from a long term study of its high intensity focused ultrasound therapy for prostate cancer patients.


Ruckus Wireless (NYSE: RKUS) unveiled its new SmartCell Architecture to address increased data demands.


The Food and Drug Administration approved Ocean Bio-Chem's (Nasdaq: OBCI) Xtrem-A-Cide P disinfectant.


On the downside


Concerns that Central European Distribution (Nasdaq: CEDC) may not be able to make debt payments next month sank shares of the vodka maker.


Quicksilver Resources (NYSE: KWK) blamed a significant impairment charge for falling to a loss for the fourth quarter.

CommonWealth (NYSE: CWH) disappointed with a loss for the fourth quarter and announced a public offering of 27 million common shares.


In the broad market, declining issues outpaced advancers by a margin of nearly 3 to 1 on the NYSE and by more than 4 to 1 on Nasdaq. The broader S&P 500 index plunged 27 points to 1487.

Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here