The markets opened sharply lower with the Dow plunging 184 points to 17,311 as investors monitored crude oil prices. Nasdaq tumbled 33 points to 4,968.
On the upside
Seadrill Partners (NYSE: SDLP) will cut its quarterly distribution from 56.75 cents per common unit to 25 cents per common unit but the stock price rose.
Shares of ReWalk Robotics (Nasdaq: RWLK) continued to soar.
Golar LNG Partners (Nasdaq: GMLP) will repurchase up to $25 million in common units.
On the downside
Knight Transportation (NYSE: KNX) lowered its fourth quarter earnings guidance.
CarMax (NYSE: KMX) reported third quarter earnings and revenue that fell short of expectations.
Ariad Pharmaceuticals (Nasdaq: ARIA) named Paris Panayiotopoulos to the position of president and chief executive.
In the broad market, declining issues outpaced advancers by a margin of nearly 3 to 2 on the NYSE and by 5 to 4 on Nasdaq. The broader S&P 500 dropped 18 points to 2,022. Bitcoin rose $3 to $455.
