The markets plunged to close sharply lower with the Dow crashing 252 points to 16,906 as crude oil dropped below $34 per barrel. Nasdaq plummeted 55 points to 4,835.
On the upside
OceanFirst Financial (Nasdaq: OCFC) will pay a premium of approximately $208.1 million to acquire Cape Bancorp (Nasdaq: CBNJ).
Netflix (Nasdaq: NFLX) launched its services in more than 130 new countries around the world.
Shares of Barrick Gold (NYSE: ABX) rose on higher gold prices.
On the downside
hhgregg (NYSE: HGG) reported lower preliminary third quarter revenue as same store sales dropped approximately 11%.
Falling crude oil prices weighed down shares of SM Energy (NYSE: SM).
ACADIA Pharmaceuticals (Nasdaq: ACAD) will sell $300 million in common stock through a public offering.
In the broad market, declining issues outpaced advancers by a margin of nearly 3 to 1 on the NYSE and by nearly 5 to 2 on Nasdaq. The broader S&P 500 plunged 26 points to 1,990. Bitcoin slipped $1 to $430.
