New home sales unexpectedly rose last month but the markets tumbled with the Dow plunging 104 points to 18,011 over rate increase concerns. Nasdaq fell 16 points to 4,994.
On the upside
Diplomat Pharmacy (NYSE: DPLO) commenced a follow-on public offering of 7.4 million common shares.
President Barack Obama named former Twitter (NYSE: TWTR) executive Jason Goldman to the newly created position of Chief Digital Officer at the White House.
McDermott (NYSE: MDR) chief executive David Dickson presented at the Howard Weil's Energy Conference today.
On the downside
China Finance Online (Nasdaq: JRJC) reported higher fourth quarter earnings but revenue plunged.
RXi Pharmaceuticals (Nasdaq: RXII) extended its losses.
Esperion Therapeutics (Nasdaq: ESPR) closed its follow-on public offering of 2.0125 million common shares.
In the broad market, declining issues outpaced advancers by a margin of 5 to 4 on the NYSE and by nearly 10 to 9 on Nasdaq. The broader S&P 500 fell 12 points to 2091. Bitcoin dropped $16 to $249.
New home sales rise but markets plunge
March 24, 2015 at 17:44 PM EDT
