The prospects of a trade war sent the markets tumbling to open sharply lower with the Dow plunging 156 points to 24,526. Nasdaq plummeted 88 points to 7257.
On the upside
Two Sigma Advisers increased its holdings in Ares Capital (Nasdaq: ARCC).
Five Below (Nasdaq: FIVE) reported higher fourth quarter earnings and revenue that topped analyst estimates.
Fourth quarter earnings and revenue for Guess? (NYSE: GES) surpassed expectations.
On the downside
AbbVie (NYSE: ABBV) will not pursue accelerated approval for Rova-T to treat small cell lung cancer.
The Michaels Companies (Nasdaq: MIK) reported higher fourth quarter earnings and revenue but the art supplies company forecast 2018 results that fell short of analyst expectations.
Commercial Metals (NYSE: CMC) disappointed with lower second quarter earnings that missed estimates.
In the broad market, declining issues outpaced advancers by a margin of more than 5 to 2 on the NYSE and by nearly 3 to 1 on Nasdaq. The broader S&P 500 tumbled 20 points to 2,691. Bitcoin plummeted $304 to $8,617.