Markets plummet as crude oil falls below $30

Crude oil prices fell below $30 per barrel to send the markets down to a sharply lower open with the Dow plummeting 239 points to 16,210. Nasdaq tumbled 48 points to 4,572.


On the upside


The Food and Drug Administration granted clearance to Hansen Medical (Nasdaq: HNSN) for its Magellan Robotic Catheter eKit.


Michael Kors (NYSE: KORS) reported better than expected third quarter earnings as revenue climbed.


Mattel (Nasdaq: MAT) reported higher fourth quarter earnings and revenue that beat analyst expectations.


On the downside


Integrated Device Technology (Nasdaq: IDTI) reported higher third quarter earnings and revenue but revenue fell short of expectations.


Rent-A-Center (Nasdaq: RCII) fell to a loss for the fourth quarter.


Fourth quarter earnings and revenue rose for Royal Caribbean Cruises (NYSE: RCL) but revenue missed estimates and the company forecast current quarter and full year earnings below expectations.


In the broad market, declining issues outpaced advancers by a margin of more than 7 to 1 on the NYSE and by more than 4 to 1 on Nasdaq. The broader S&P 500 plunged 25 points to 1,913. Bitcoin added $2 to $376.

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