Comments from two Federal Reserve presidents that tapering could begin next month sent the markets lower during the midday with the Dow plunging 96 points to 15,515. Nasdaq tumbled 29 points to 3663.
On the upside
Dynatronics (Nasdaq: DYNT) introduced a new 25 Series electrotherapy/ultrasound therapy product line.
Second quarter earnings more than doubled for Molson Coors Brewing (NYSE: TAP) to beat analyst expectations.
Quicksilver Resources (NYSE: KWK) reversed year ago losses to post a profit for the second quarter.
On the downside
International wire transfers made by Ebix (Nasdaq: EBIX) are being reviewed by the U.S. Attorney’s Office for money laundering.
TravelCenters of America (NYSE: TA) disappointed with sharply lower second quarter earnings.
AECOM Technology (NYSE: ACM) reported higher third quarter earnings but the company cut its full year earnings outlook.
In the broad market, declining issues outpaced advancers by a margin of more than 3 to 1 on the NYSE and by nearly 7 to 3 on Nasdaq. The broader S&P 500 fell 10 points to 1696.
