Possible Strikes Against Syria Sink Stocks

The possibility of military strikes against Syria sent the markets plunging during the midday with the Dow collapsing 161 points to 14,785. Nasdaq plummeted 76 points to 3580.

On the upside

Bargain hunters lifted shares of Ambarella (Nasdaq: AMBA).

DSW (NYSE: DSW) reported higher second quarter earnings that surpassed analyst expectations as revenue rose.

Cowen analyst Robert Stone wrote that the manufacturing plant that is being jointly built by UniPixel (Nasdaq: UNXL) and Kodak was on schedule.

On the downside

Rising oil prices weighed down shares of United Continental Holdings (NYSE: UAL).

Brown Shoe Co. (NYSE: BWS) reversed year ago losses to post a profit for the second quarter but the company forecast full year earnings below estimates.

Acura Pharmaceuticals (Nasdaq: ACUR) reported that its abuse resistant pain medication failed a mid-stage clinical trial.  

In the broad market, declining issues outpaced advancers by a margin of nearly 7 to 2 on the NYSE and by nearly 6 to 1 on Nasdaq. The broader S&P 500 tumbled 24 points to 1632.

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