Losses extended as consumer confidence falls

February consumer confidence fell more than expected to a seven month low sending the markets tumbling during the midday with the Dow plunging 160 points to 16,460. Nasdaq dropped 44 points to 4,526.

On the upside

Helix Energy Solutions Group (NYSE: HLX) fell to a loss for the fourth quarter but the results were better than expected.

Second Sight Medical Products (Nasdaq: EYES) will announce five-year results from an Argus II Retinal Prosthesis System clinical trial at the 39th Annual Macula Society Meeting.

Frontier Communications (Nasdaq: FTR) reported a smaller than expected loss for the fourth quarter as revenue rose.

On the downside

Veeco Instruments (Nasdaq: VECO) narrowed losses for the fourth quarter but the company forecast current quarter results below estimates.

Stone Energy (NYSE: SGY) widened fourth quarter losses more than expected.

Cabot Oil & Gas (NYSE: COG) priced its upsized public offering of 44 million common shares at $20.00 per share.

In the broad market, declining issues outpaced advancers by a margin of nearly 2 to 1 on the NYSE and by nearly 5 to 3 on Nasdaq. The broader S&P 500 tumbled 17 points to 1,927. Bitcoin dropped $16 to $419.

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