Escalating Ukraine Crisis Sends Markets Tumbling

The escalating crisis in Ukraine sent the markets tumbling during the midday with the Dow plummeting 175 points to 16,146. Nasdaq dropped 39 points to 4268.

On the upside

Cowen & Co. lifted their price target on Plug Power (Nasdaq: PLUG) from $5 to $5.50.

Vimicro International (Nasdaq: VIMC) raised its revenue guidance for the fourth quarter and forecast higher first quarter revenue.

RadNet (Nasdaq: RDNT) swung to a profit for the fourth quarter as revenue rose.

On the downside

Celldex (NYSE: CLDX) widened fourth quarter losses as revenue tumbled.

Nu Skin Enterprises (NYSE: NUS) reported sharply higher fourth quarter earnings and revenue but the company forecast current quarter results that fell short of analyst expectations.

Investors locked in profits on Trina Solar (NYSE: TSL).

In the broad market, declining issues outpaced advancers by a margin of more than 5 to 2 on both the NYSE and on Nasdaq. The broader S&P 500 tumbled 15 points to 1844. Bitcoin climbed $108.21 or 19.59% to $660.68.

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