Oil prices fell below $30 per barrel to send the markets tumbling to a sharply lower close with the Dow plummeting 208 points to 15,885. Nasdaq plunged 72 points to 4,518.
On the upside
American Midstream Partners (NYSE: AMID) will maintain its quarterly cash distribution at $0.4725 per common unit.
Tyco International (NYSE: TYC) will merge with Johnson Controls (NYSE: JCI).
Gold prices edged up to lift shares of Gold Fields (NYSE: GFI) and Harmony Gold (Nasdaq: HMY).
On the downside
Genesis Healthcare (NYSE: GEN) warned of losses for the fourth quarter, lowered its full year earnings outlook and forecast 2016 results below estimates.
Comstock Resources (NYSE: CRK) swapped acreages with another operator.
Falling crude oil prices weighed down shares of Bellatrix Exploration (NYSE: BXE), California Resources (NYSE: CRC) and EXCO Resources (NYSE: XCO).
In the broad market, declining issues outpaced advancers by a margin of more than 5 to 1 on the NYSE and by more than 3 to 1 on Nasdaq. The broader S&P 500 plunged 29 points to 1,877. Bitcoin fell $8 to $392.
