Concerns about the impact of Russia's import ban on Western foods sent the markets tumbling to a lower close with the Dow dropping 75 points to 16,368. Nasdaq fell 20 points to 4334.
On the upside
SouFun Holdings (NYSE: SFUN) reported higher second quarter earnings and revenue.
Molycorp (NYSE: MCP) widened second quarter losses as revenue fell but the rare earth metals producer entered a $400 million financing agreement with Oaktree Capital Management.
Viggle (Nasdaq: VGGL) reported record new registered users and monthly active users in July.
On the downside
Coupons.com (NYSE: COUP) widened second quarter losses more than expected.
Second quarter earnings and revenue climbed for Copa Holdings (NYSE: CPA) but the company lowered its full year margin outlook prompting downgrades.
Dot Hill Systems (Nasdaq: HILL) fell to a loss for the second quarter.
In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 4 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 fell 10 points to 1909. Bitcoin rose $6 to $587.
