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
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.