The markets closed sharply lower with the Dow collapsing 180 points to 17,529 as recent upbeat economic data sparked concerns that the Federal Reserve would raise interest rates. Nasdaq plunged 59 points to 4,715.
On the upside
An update on the French SCLERADEC I and II clinical trials using Cytori Therapeutics' (Nasdaq: CYTX) Cell Therapy will be presented tomorrow at the 104th Annual Meeting of the Japan Society of Aesthetic Surgery.
NQ Mobile (NYSE: NQ) will sell its stake in FL Mobile to Shenzhen Prince New Materials.
Rising crude oil prices lifted share of Clayton Williams Energy (NYSE: CWEI).
On the downside
Microsoft's (Nasdaq: MSFT) Internet Explorer and Edge browsers dropped from second place to third place with a 15.5% of the global market share.
Digital Realty Trust (NYSE: DLR) priced its public offering of 12.5 million common shares at the discounted price of $96 per share.
Investors locked in profits on Nokia (NYSE: NOK).
In the broad market, declining issues outpaced advancers by a margin of more than 5 to 3 on the NYSE and by more than 5 to 2 on Nasdaq. The broader S&P 500 tumbled 19 points to 2,047. Bitcoin eased a fraction to $453.
Rate concerns sink stocks
May 17, 2016 at 17:56 PM EDT
