Renewed concerns about a bailout package for Greece sent the markets tumbling to a sharply lower open with the Dow plummeting 233 points to 11,275. Nasdaq plunged 48 points to 2573.
On the upside
Shares of Goodrich (NYSE: GR) continued rising on speculation that United Technologies (NYSE: UTX) may be interested in acquiring the aerospace firm.
Prana Biotechnology (Nasdaq: PRAN) reported improved cognition in Alzheimer's patients in a Phase IIa clinical trial of its PBT2 treatment.
Netflix (Nasdaq: NFLX) will separate its DVD rental service into a wholly owned subsidiary named Qwikster.
On the downside
Advanced Analogic Technologies (Nasdaq: AATI) denied accusations that it breached their merger agreement with Skyworks Solutions (Nasdaq: SWKS) but the stock price fell.
JinkoSolar Holdings (NYSE: JKS) apologized for releasing toxic waste into a river near a solar manufacturing facility in Zhejiang Province, China.
Yingli Green Energy (NYSE: YGE) appointed Richard Xue to replace Chi Ping Martin Lau as an independent director and a member of the audit and compensation committees.
In the broad market, declining issues outpaced advancers by a margin of nearly 7 to 1 on the NYSE and by nearly 8 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks plunged 18 points to 696.
