Mid-Day Report

The assassination of Pakistan's former prime minister and opposition leader Benazir Bhutto sent the markets plunging during the midday with the Dow plummeting 120 points to 13,432. Nasdaq tumbled 23 points to 2699.

On the upside

American Dental Partners (Nasdaq: ADPI) agreed to settle a breach of contract lawsuit with St. Paul and Minneapolis dental group PDG.

Qiao Xing Universal Telephone (Nasdaq: XING) expects to report fourth quarter earnings that are higher than the Chinese telephone maker's third quarter earnings.

Motley Fool listed Universal Display (Nasdaq: PANL) a Best Value Stock for its growth potential.

On the downside

Canadian Solar (Nasdaq: CSIQ) gave back some of its recent gains.

Sallie Mae (NYSE: SLM) must sell $2.5 billion worth of stock in order to settle unprofitable contracts.

Photovoltaic products maker Yingli Green Energy Holding (NYSE: YGE) gave back recent gains from a solar power sector run up.

In the broad market, declining issues outpaced advancers by a margin of 7 to 3 on the NYSE and by a margin of nearly 3 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks plunged 12 points to 785.

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