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Markets plummet on weak economy

Weak retail sales and retreating crude oil prices sent the markets into a tailspin with the Dow collapsing 202 points to 17,245. Nasdaq plummeted 77 points to 4,927.

On the upside

Sypris Solutions (Nasdaq: SYPR) won a long term contract to supply axle shafts to Volvo.

Concordia Healthcare (Nasdaq: CXRX) reported a smaller than expected loss for the third quarter as revenue surged.

Blue Buffalo Pet Products (Nasdaq: BUFF) reported better than expected earnings for the third quarter.

On the downside

MaxPoint Interactive (NYSE: MXPT) widened losses for the third quarter and forecast current quarter revenue that fell short of expectations.

Bsquare (Nasdaq: BSQR) reported higher third quarter earnings and revenue but the stock price plunged.

Shares of Eros International (NYSE: EROS) plunged again as more law firms initiated investigations into the Indian language film distributor for fraud.

In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 3 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 plummeted 22 points to 2,023. Bitcoin slipped $1 to $336.

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