Concerns that Greece's negotiations with creditors may stall sent the markets plummeting to close sharply lower with the Dow collapsing 190 points to 18,041. Nasdaq dove 56 points to 5,032.
On the upside
Barron's initiated coverage of Vascular Biogenics (Nasdaq: VBLT) with a Buy rating and a $13 price target.
Shares of Baozun (Nasdaq: BZUN) continued rising after making its Nasdaq debut last Thursday.
Calcalist reported that Nice Systems engaged in negotiations to buy LivePerson (Nasdaq: LPSN).
On the downside
Shares of Qunar Cayman Islands (Nasdaq: QUNR) fell after Priceline (Nasdaq: PCLN) announced an additional $250 million investment into Qunar rival Ctrip.com (Nasdaq: CTRP).
Tuniu (Nasdaq: TOUR) widened first quarter losses prompting a downgrade.
Tata Motors (NYSE: TTM) disappointed with sharply lower fourth quarter earnings that missed expectations by a wide margin and cancelled its full year dividend.
In the broad market, declining issues outpaced advancers by a margin of nearly 4 to 1 on the NYSE and by more than 3 to 1 on Nasdaq. The broader S&P 500 plunged 21 points to 2104. Bitcoin held steady at $236.
Concerns about Greek negotations send markets plummeting
May 26, 2015 at 20:11 PM EDT