Lower open as crude oil extends losses

The markets opened lower with the Dow tumbling 75 points to 23,334 as crude oil prices continued to slide. Nasdaq fell 37 points to 6,700.

On the upside

YY (Nasdaq: YY) reported sharply higher third quarter earnings and revenue.

Third quarter revenue surged for CarGurus (Nasdaq: CARG).

Dick's Sporting Goods (NYSE: DKS) reported better than expected earnings for the third quarter.

On the downside

Target (NYSE: TGT) reported lower third quarter earnings and warned of a competitive holiday quarter.

Macom Technology Solutions (Nasdaq: MTSI) fell to a loss for the fourth quarter.

Sage Therapeutics (Nasdaq: SAGE) priced its public offering of more than 3.5 million common shares at the discounted price of $85.00 per share.

In the broad market, declining issues outpaced advancers by a margin of more than 5 to 2 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 lost 9 points to 2,569. Bitcoin rocketed $596 to $7,179.

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