Surging crude oil prices sent the markets tumbling during the midday with the Dow plunging 113 points to 12,753. Nasdaq fell 12 points to 2439.
On the upside
Mylan (NYSE: MYL) blamed a significant noncash goodwill impairment charge for widening first quarter losses.
On the downside
In the broad market, declining issues outpaced advancers by a margin of more than 7 to 5 on both the NYSE and on Nasdaq. The Russell 2000 which tracks small cap stocks lost 2 points to 718.