U.S. stocks fell on Thursday, led lower by the Nasdaq Composite, which lost 1.6%.
The Dow Jones Industrial Average dropped 0.7% and the S&P 500 moved 0.8% lower. Health-care and consumer-discretionary names led the selloff, while energy and utility stocks rallied.
Elsewhere in the markets, the benchmark 10-year U.S. Treasury note's yield fell 5 basis points to 2.22%. The CBOE S&P 500 Volatility Index also gained more than 11% to 13.93.
Keurig Green Mountain (GMCR) was the big loser of the session, dropping 29% on a lower earnings outlook. SunEdison (SUNE) also fell 25% after posting poorly received quarterly results.
On the other hand, Merge Healthcare (MRGE) gained 31% after receiving a $1 billion cash takeover offer from IBM (IBM). We held MRGE in the Stocks Under $10 portfolio, but we booked our profits in the company today.
In after-hours action, Nvidia (NVDA) is up more than 7% after delivering quarterly earnings that exceeded consensus expectations. But Monster Beverage (MNST) is down 5% after reporting lower-than-expected quarterly results.
Looking ahead to Friday morning, Cablevision (CVC), Groupon (GRPN) and Hershey (HSY) headline the premarket earnings calendar.
On the economic front, we'll get the much-anticipated July U.S. jobs report at 8:30 a.m. ET. Economists are predicting the addition of 225,000 non-farm payrolls and an unemployment rate that remains at 5.3%.