Markets collapse after yesterday’s rate hike

Jobless claims fell last week but the markets tumbled to a sharply lower close with the Dow crumbling 253 points to 17,495 as crude oil prices dropped. Nasdaq plummeted 68 points to 5,002.

On the upside

Shares of Alimera Sciences (Nasdaq: ALIM) continued climbing after announcing an agreement earlier this week to distribute ILUVIEN in the Middle East.

Voltari (Nasdaq: VLTC) will pay approximately $2.8 million to buy property from Flanders Holding that is currently leased to 7-Eleven.

Fusion’s (Nasdaq: FSNN) cloud communications solution has been certified compliant with the interoperability requirements of Panasonic System Communications Company of North America.

On the downside

Teekay Offshore Partners (NYSE: TOO) slashed its quarterly dividend from 56 cents per common unit to 11 cents per common unit.

Oracle (NYSE: ORCL) reported lower second quarter earnings and revenue.

Endurance International Group Holdings (Nasdaq: EIGI) received a subpoena from the Securities and Exchange Commission.

In the broad market, declining issues outpaced advancers by a margin of nearly 2 to 1 on the NYSE and by 2 to 1 on Nasdaq. The broader S&P 500 plunged 31 points to 2,041. Bitcoin added $2 to $452.

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