Illumina (NASDAQ:ILMN) dropped 11% after being downgraded to market perform from outperform and having its price target cut to 185 from 225 at Leerink. Shares of the genetics analysis firm hit a near 52-week low.
The September job report and factory orders will be out Friday morning. Economists polled by Econoday are expecting 203,000 new jobs. Also, a number of Fed officials will be speaking throughout the session.