Surging bond yields sent the markets tumbling with the Dow crashing 665 points to 25,520. Nasdaq plummeted 144 points to 7240.
On the upside
Viking Therapeutics (Nasdaq: VKTX) priced its public offering of 11 million common shares at the discounted price of $5.00 per share but the stock price climbed.
Shares of FTS International (NYSE: FTSI) soared on its first trading day.
Fourth quarter earnings surged for athenahealth (Nasdaq: ATHN).
On the downside
RBC Capital downgraded Impinj (Nasdaq: PI) from an Outperform rating to a Sector Perform rating.
Acute (Nasdaq: ACET) widened losses for the second quarter.
YRC Worldwide (Nasdaq: YRCW) reported a loss for the fourth quarter.
In the broad market, declining issues outpaced advancers by a margin of nearly 9 to 1 on the NYSE and by nearly 5 to 1 on Nasdaq. The broader S&P 500 plunged 59 points to 2,762. Bitcoin added $32 to $8,798.