Renewed Tapering Concerns Sink Stocks

Renewed concerns about the timing of the Federal Reserve tapering sent the markets tumbling to a lower close with the Dow plunging 113 points to 15,337. Nasdaq fell 15 points to 3669.

On the upside

Second quarter earnings more than doubled for Skystar Bio-Pharmaceutical (Nasdaq: SKBI).

WageWorks (NYSE: WAGE) priced its secondary offering of more than 2.968 million common shares at $40.45 per share.

Shares of China Commercial Credit (Nasdaq: CCCR) nearly doubled on its second trading day.

On the downside

TripAdvisor (Nasdaq: TRIP) chief executive Steve Kaufer warned during an investment conference that traffic to the online travel site has been weaker than expected.

Investors locked in profits on E-Commerce China Dangdang (NYSE: DANG).

Profit taking weighed down shares of Osiris Therapeutics (Nasdaq: OSIR).

In the broad market, declining issues outpaced advancers by a margin of nearly 2 to 1 on the NYSE and by 7 to 5 on Nasdaq. The broader S&P 500 fell 8 points to 1685.

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