Deckers Outdoor gained amid rumors the company was a takeover target of VF Corp. But analysts told CNBC that the rumor is just chatter among traders and a deal is not likely to happen.
Blackstone Group rose amid reports the company reached a deal to acquire auto parts maker Gates Global for about $5.4 billion. The deal could be announced later Friday.
Priceline, Netflix, Amazon, Facebook and Tesla were all sharply lower as investors continue to sell momentum stocks.
Halozyme plummeted after the company said it was temporarily halting a mid-stage trial of its pancreatic cancer drug for safety reasons.
Mylan moved off its pre-market highs after Swedish drug maker Meda rejected its takeover offer.
Fannie Mae and Freddie Mac both lost ground after James Lockhart, the former regulator of the two GSE's, told Reuters that investors are making "worthless" bets buying their shares.
Madison Square Garden rose after the company confirmed it sold Fuse TV to NuvoTv for $226 million. Actress Jennifer Lopez is backing NuvoTV.
Coal stocks Peabody Energy, Alpha Natural Resources, Walter Energy, and Consolidated Energy all moved higher after BHP Billiton executive in charge of its coal division said he expects world demand for coal to increase for decades to come. In addition, Cowen upgraded Peabody to "outperform" from "market perform."
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