Chinese exports plunged more than expected in February to send the markets down to a sharply lower open with the Dow plummeting 117 points to 16,956. Nasdaq tumbled 42 points to 4,665.
On the upside
Vivint Solar (NYSE: VSLR) cancelled a proposal to be acquired by SunEdison (NYSE: SUNE).
Urban Outfitters (Nasdaq: URBN) reported better than expected fourth quarter earnings.
SolarCity (Nasdaq: SCTY) will install solar panels at Whole Foods Markets (Nasdaq: WFM) locations across the nation.
On the downside
Performance Sports Group (NYSE: PSG) warned of losses for the third quarter and slashed its full year forecast citing adverse market conditions.
Falling crude oil prices weighed down shares of Energy XXI (Nasdaq: EXXI) and Ultra Petroleum (NYSE: UPL).
A sharp drop in Chinese exports sent shares of miner Freeport-McMoran (NYSE: FCX) tumbling.
In the broad market, declining issues outpaced advancers by a margin of nearly 7 to 2 on the NYSE and by more than 5 to 2 on Nasdaq. The broader S&P 500 tumbled 18 points to 1,982. Bitcoin slipped $2 to $410.
