A sharp sell-off in technology stocks sent Nasdaq collapsing 113 points to 6,207. The Dow climbed 89 points to close at 21,271.
On the upside
Bargain hunters lifted shares of Urban Outfitters (Nasdaq: URBN).
DuPont Faros Technology (NYSE: DFT) will be acquired by Digital Realty Trust in an all stock transaction valued at approximately $4.95 billion.
Nordstrom (NYSE: JWN) confirmed rumors that members of the Nordstrom family was exploring the option of taking the company private.
On the downside
Cloudera (NYSE: CLDR) widened losses more than expected for the first quarter.
The Federal Trade Commission is reportedly preparing to block the proposed merger between Rite Aid (NYSE: RAD) and Walgreen Boots Alliance (Nasdaq: WBA).
Shopify (NYSE: SHOP) reelected all of its board of directors.
In the broad market, advancing issues outpaced decliners by a margin of 5 to 3 on the NYSE while advancing issues barely edged out decliners by a slim margin on Nasdaq. The broader S&P 500 slipped 2 points to 2,431. Bitcoin climbed $48 to $2782.
