Markets Plummet As Earnings Disappoint

Disappointing earnings sent the markets tumbling to a sharply lower close with the Dow sinking 225 points to 15,112. Nasdaq plunged 63 points to 3606.

On the upside

Gold prices continued to rise which lifted shares of AngloGold Ashanti (NYSE: AU), AuRico Gold (NYSE: AUQ), Eldorado Gold (NYSE: EGO) and Iamgold (NYSE: IAG).

Rising silver prices lifted share of Endeavour Silver (NYSE: EXK) and Silver Wheaton (NYSE: SLW).

A Seeking Alpha contributor wrote that Athersys (Nasdaq: ATHX) was undervalued and provided a buying opportunity.

On the downside

Canadian Solar (Nasdaq: CSIQ) will sell up to $50 million worth of common stock.

Investors locked in profits on NQ Mobile (NYSE: NQ).

Profit taking sinks Osiris Therapeutics (Nasdaq: OSIR).

In the broad market, declining issues outpaced advancers by a margin of 9 to 2 on the NYSE and by more than 4 to 1 on Nasdaq. The broader S&P 500 plunged 24 points to 1661.

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