Markets crash as crude oil settles at $31

Crude oil prices fell again to settle at $31 per barrel to send the markets plummeting to a sharply lower close with the Dow crashing 211 points to 16,204. Nasdaq collapsed 146  points to 4,363.

On the upside

TTM Technologies (Nasdaq: TTMI) reported better than expected earnings and revenue for the fourth quarter.

Rising gold prices lifted shares of Kinross Gold (NYSE: KGC).

USG (NYSE: USG) reversed year ago losses to post a stronger than expected profit for the fourth quarter.

On the downside

Esterline Technologies (NYSE: ESL) disappointed with sharply lower first quarter earnings that missed expectations.

Quotient (Nasdaq: QTNT) priced its public offering of approximately 4.44 million common shares at the discounted price of $9.00 per share.

Genworth Financial (NYSE: GNW) reported a wider than expected loss for the fourth quarter.

In the broad market, declining issues outpaced advancers by a margin of nearly 7 to 2 on the NYSE and by more than 4 to 1 on Nasdaq. The broader S&P 500 crashed 35 points to 1,880. Bitcoin lost 3 points to $383.

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