Markets plummet after Asian markets crashed

The markets rebounded from early morning losses but continued trading sharply lower with the Dow crashing 359 points to 16,100. Nasdaq slumped 111 points to 4,594.

On the upside

The New York State Office of the Medicaid Inspector General selected HMS Holdings' (Nasdaq: HMSY) subsidiary Health Management Systems to be the Medicaid Third Party Liability Match and Recovery Services contractor for a five year term.

Bargain hunters lifted shares of Amira Nature Foods (NYSE: ANFI).

Gevo (Nasdaq: GEVO) entered a worldwide patent cross-license and settlement agreement with Butamax Advanced Biofuels.

On the downside

The Chinese stock market crash sent shares of 500.com (NYSE: WBAI) plummeting.

SunTrust Robinson Humphrey downgraded Seventy Seven Energy (NYSE: SSE) from a Buy rating to a Neutral rating.

SunTrust Robinson Humphrey downgraded C&J Energy (NYSE: CJES) from a Buy rating to a Neutral rating.

In the broad market, declining issues outpaced advancers by a margin of nearly 16 to 1 on the NYSE and by 6 to 1 on Nasdaq. The broader S&P 500 plummeted 50 points to 1,920. Bitcoin dropped $13 to $211.
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