The markets tumbled at the open with the Dow plummeting 128 points to 17,856 as the German 10-year bund yield fell to a record low. Nasdaq plunged 52 points to 4,905.
On the upside
Sophiris Bio (Nasdaq: SPHS) reported positive results from a Phase 2a study of topsalysin to treat prostate cancer.
Westlake Chemical will pay a premium of approximately $2.33 billion in cash to acquire Axiall (NYSE: AXLL).
Connecture (Nasdaq: CNXR) amended its credit agreement.
On the downside
Approximately 33 million Twitter (NYSE: TWTR) account usernames and passwords have been leaked.
Mattress Firm Holding (Nasdaq: MFRM) fell to a greater than expected loss for the first quarter, forecast current quarter earnings below estimates and cut its full year outlook.
Urban Outfitters (Nasdaq: URBN) warned that second quarter same store sales were falling.
In the broad market, declining issues outpaced advancers by a margin of more than 5 to 1 on the NYSE and by nearly 5 to 1 on Nasdaq. The broader S&P 500 plunged 18 points to 2,096. Bitcoin added $2 to $570.
