Markets close lower as crude oil drops

Falling crude oil prices sent the markets down to a lower close with the Dow falling 48 points to 17,168. Nasdaq tumbled 40 points to 4,840.

On the upside

Angie’s List (Nasdaq: ANGI) swung to a better than expected profit for the third quarter as revenue rose.

Woodford Investment Management will invest $30 million in Northwest Biotherapeutics (Nasdaq: NWBO).

Great Places to Work Institute ranked Cirrus Logic (Nasdaq: CRUS) 8th on its 2015 Best Small and Medium Workplaces in the nation.

On the downside

Concordia Healthcare (Nasdaq: CXRX) completed its acquisition of Amdipharm Mercury.

Endo International (Nasdaq: ENDP) clarified that less than 10% of its revenue came from specialty pharmacies and that those specialty pharmacies were independent of Endo but the stock price plunged.

Investors speculated that Vivint Solar (NYSE: VSLR) will reject SunEdison’s (NYSE: SUNE) proposed acquisition.

In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 2 on the NYSE and by more than 3 to 1 on Nasdaq. The broader S&P 500 tumbled 11 points to 2,018. Bitcoin held steady at $266.

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