Disappointing earnings sent the markets tumbling to open sharply lower with the Dow plunging 125 points to 26,061. Nasdaq dropped 38 points to 7347.
On the upside
Viavi Solutions (Nasdaq: VIAV) reported better than expected results for the second quarter and announced plans to acquire the Test and Measurement business of Cobham.
Mattel (Nasdaq: MAT) fell to an unexpected loss for the fourth quarter but sales of its popular Barbie dolls and Hot Wheels cars rose.
Tableau Software (NYSE: DATA) reported a smaller than expected loss for the fourth quarter.
On the downside
Weatherford International (NYSE: WFT) widened losses for the fourth quarter significantly.
Shell Midstream Partners (NYSE: SHLX) will sell approximately 36 million common units.
Deutsche Bank (NYSE: DB) was fined $70 million for attempting to manipulate a benchmark rate.
In the broad market, declining issues outpaced advancers by a margin of nearly 9 to 1 on the NYSE and by 9 to 2 on Nasdaq. The broader S&P 500 fell 13 points to 2,808. Bitcoin plunged $307 to $8,582.