Technology stocks slumped to send the markets tumbling to a lower close with the Dow plunging 177 points to 16,027. Nasdaq plummeted 79 points to 4,283.
On the upside
Engaged Capital has acquired a 14% stake in Outerwall (Nasdaq: OUTR).
Zacks Equity Research suggested that investors sell Crocs (Nasdaq: CROX) but the stock price rose.
Aurinia Pharmaceuticals (Nasdaq: AUPH) reported upbeat preliminary results from its AURION study.
On the downside
Robert W. Baird downgraded EnLink Midstream (NYSE: ENLC) from an Outperform rating to an Underperform rating.
Shares of Facebook (Nasdaq: FB) fell after the Telecom Regulatory Authority of India introduced new rules prohibiting differential pricing for Internet access.
Retreating crude oil prices weighed down shares of Denbury Resources (NYSE: DNR).
In the broad market, declining issues outpaced advancers by a margin of nearly 4 to 1 on the NYSE and by nearly 5 to 2 on Nasdaq. The broader S&P 500 plunged 26 points to 1,853. Bitcoin slipped $2 to $374.
