The markets extended its losses during the midday with the Dow plummeting 180 points to 12,050 as the dollar surged against the Japanese yen. Nasdaq plunged 33 points to 2703.
On the upside
On Friday, Spectrum Pharmaceuticals (Nasdaq: SPPI) reported record third quarter revenue and earnings.
Third quarter earnings rose for Humana (NYSE: HUM) prompting the health insurer to lift its full year guidance.
Shaw Group' (Nasdaq: SHAW) widened fourth quarter losses but the company said that it may sell it energy and chemicals business.
On the downside
Reliance Industries announced that it had no intentions to acquire Valero Energy (NYSE: VLO).
Changyou.com (Nasdaq: CYOU) reported higher third quarter earnings and revenue but net margin fell.
Integra LifeSciences (Nasdaq: IART) reported lower third quarter earnings and cut its full year guidance.
In the broad market, declining issues outpaced advancers by a margin of more than 7 to 2 on the NYSE and by more than 3 to 1 on Nasdaq. The Russell 2000 which tracks small cap dropped 13 points to 747.
