Argentina's debt default along with escalating tensions with Russia sent the markets tumbling to a sharply lower open with the Dow plummeting 151 points to 16,728. Nasdaq plunged 60 points to 4402.
On the upside
EveryWare Global (Nasdaq: EVRY) amended its credit agreements and announced that Monomoy Capital Partners invested $20 million in the company.
LivePerson (Nasdaq: LPSN) narrowed second quarter losses more than expected and lifted its full year outlook.
Open Text (Nasdaq: OTEX) reported sharply higher fourth quarter earnings and revenue that beat analyst expectations and appointed John Doolittle to the position of chief financial officer.
On the downside
Benchmark downgraded Glu Mobile (Nasdaq: GLUU) from a Buy rating to a Hold rating saying that revenue would slow in the second half of the year. Analysts were also concerned about Glu Mobile's $100 million acquisition of Cie Games.
A Food and Drug Administration advisory committee voted against approval for EDAP's (Nasdaq: EDAP) prostate cancer treatment Ablatherm-HIFU device.
AVG Technologies (NYSE: AVG) disappointed with lower second quarter earnings and revenue and warned that full year revenue would be in the low end of its previous guidance.
In the broad market, declining issues outpaced advancers by a margin of more than 7 to 1 on the NYSE and by more than 5 to 1 on Nasdaq. The broader S&P 500 plunged 21 points to 1948. Bitcoin gained $18 to $580.