Stocks Plummet As Shutdown Imminent

Stocks plummeted to a sharply lower close with the Dow sinking 128 points to 15,129 as a government shutdown appeared imminent. Nasdaq lost 10 points to 3771.

On the upside

China's announcement that it would offer tax breaks to solar products makers lifted shares of China Sunergy (Nasdaq: CSUN) and Trina Solar (NYSE: TSL).

TheStreet listed ARCA biopharma (Nasdaq: ABIO) as one of five stocks that will breakout.

Shares of Real Goods Solar (Nasdaq: RSOL) continued rising after company modified its loan agreements last week.


On the downside


Shares of mobile advertising solutions provider Millennial Media (Nasdaq: MM) fell after Facebook (Nasdaq: FB) began testing mobile ads outside of Facebook.

Investors locked in profits on Eagle Bulk Shipping (Nasdaq: EGLE).

Profit taking weighed down shares of AVG Technologies (NYSE: AVG).

In the broad market, declining issues outpaced advancers by a margin of nearly 3 to 2 on the NYSE and by nearly 5 to 4 on Nasdaq. The broader S&P 500 dropped 10 points to 1681.

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