Markets collapse on falling crude oil

Crude oil prices slipped again to send the markets plummeting during the midday with the Dow collapsing 272 points to 16,243. Nasdaq crashed 129 points to 4,556.

On the upside

Shares of Acorn International (NYSE: ATV) continued to rise.

Rising gold prices lifted shares of Harmony Gold (NYSE: HMY).

Sagent Pharmaceuticals (Nasdaq: SGNT) retained the services of Perella Weinburg Partners to explore strategic options.

On the downside

LendingTree (Nasdaq: TREE) lifted its full year and fourth quarter forecast but the stock price tumbled.

Profit taking continued to weigh down shares of MeetMe (Nasdaq: MEET).

Investors locked in profits on LightPath Technologies (Nasdaq: LPTH).

In the broad market, declining issues outpaced advancers by a margin of more than 5 to 1 on both the NYSE and on Nasdaq. The broader S&P 500 plummeted 32 points to 1,906. Bitcoin plunged $17 to $429.

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