Concerns about Chinese economy sink stocks

The markets sank with the Dow plummeting 163 points to 17,568 over concerns about the Chinese economy. Nasdaq plunged 57 points to 5,088.

On the upside

Shares of Inotek Pharmaceuticals (Nasdaq: ITEK) extended its gains.

Second quarter earnings and revenue fell for Netgear (Nasdaq: NTGR) but revenue beat expectations and the company announced plans to repurchase up to 3 million common shares.

CIBC initiated coverage of IAMGOLD (NYSE: IAG) with a Sector Underperform rating but the stock price rose.

On the downside

TripAdvisor (Nasdaq: TRIP) disappointed with lower second quarter earnings that fell short of analyst expectations.

Esperion (Nasdaq: ESPR) will hold its second annual analyst and investor day on Thursday, July 30.

Second quarter earnings fell for Capital One Financial (NYSE: COF) to miss expectations by a wide margin.

In the broad market, declining issues outpaced advancers by a margin of more than 5 to 2 on the NYSE and by more than 3 to 1 on Nasdaq. The broader S&P 500 plunged 22 points to 2079. Bitcoin gained $11 to $286.
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