Durable goods orders unexpectedly dropped last month to send the markets tumbling to a sharply lower close with the Dow collapsing 292 points to 17,718. Nasdaq crashed 118 points to 4,876.
On the upside
An article yesterday incorrectly wrote that Hunan Xindaxin offered $60 billion to acquire Origin Agritech (Nasdaq: SEED). Hunan Xindaxin had offered $60 million last year to buy the agricultural biotechnology company.
EXCO Resources (Nasdaq: XCO) will present at the 43rd Annual Scotia Howard Weil Energy Conference tomorrow in New Orleans.
Rising crude oil prices lifted shares of Goodrich Petroleum (NYSE: GDP).
On the downside
Shares of Netlist (Nasdaq: NLST) fell ahead of its earnings release before market open on Friday, March 27.
Investors continued to lock in profits on Cempra (Nasdaq: CEMP).
RBC Capital Markets wrote that Nvidia (Nasdaq: NVDA) shifted some of its chip orders from Taiwan Semiconductor (NYSE: TSM) to Samsung Electronics.
In the broad market, declining issues outpaced advancers by a margin of more than 5 to 2 on the NYSE and by more than 4 to 1 on Nasdaq. The broader S&P 500 plummeted 30 points to 2061. Bitcoin lost $5 to $243.
Surprise drop in durable goods orders sinks stocks
March 25, 2015 at 17:29 PM EDT