The markets closed sharply lower with the Dow plunging 101 points to 13,457 as demonstrators protested in front of Spain's Parliament. Nasdaq plummeted 43 points to 3117. On the upside
Vail Resorts (NYSE: MTN) reported a smaller than expected loss for the fourth quarter. LeapFrog's (NYSE: LF) LeapPad2 was named a top holiday toy by WalMart and The Toy Insider. Chimera Investment (NYSE: CIM) will trade ex-dividend on Thursday, September 27, 2012. On the downside Star Scientific (Nasdaq: STSI) settled its patent infringement suit against R.J. Reynolds (NYSE: RAI). Swisher Hygiene (Nasdaq: SWSH) warned that it will not be able to file financial reports by an extended deadline of September 26, 2012 and may be delisted by Nasdaq. Avondale downgraded Headwaters (NYSE: HW) to a Market Perform rating. In the broad market, declining issues outpaced advancers by a margin of more than 5 to 42 on both the NYSE and on Nasdaq. The Russell 2000 which tracks small cap stocks plunged 12 points to 839.