Once the darlings of Wall Street, for-profit education companies have seen their market value plunge to the lowest level in 52 weeks, leaving investors to wonder if the industry would be able to survive in its current form. An index of nine for-profit education companies, the S&P 1500 Education Services Index is down nearly 30 percent for the year.
If third-quarter GDP comes in as expected Friday, it could be one of the best readings for economic growth in two years.
The S&P is down 1.4 percent since the start of earnings season in October, the worst monthly showing since January.
These are the stocks posting the largest moves after the bell on Thursday, including: Amazon, Alphabet, Baidu and more.
Sources told Bloomberg that the development raises the question whether the deal will go through.
Patti Domm is CNBC Executive Editor, News, responsible for news coverage of the markets and economy.
A CNBC reporter since 1990, Bob Pisani covers Wall Street from the floor of the New York Stock Exchange.
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Dominic Chu is a markets reporter for CNBC.
Evelyn Cheng is a markets writer for CNBC.
Sara Eisen is a correspondent for CNBC, focusing on currencies and the global consumer.