Crude oil prices edged up but the markets tumbled to close sharply lower with the Dow plummeting 133 points to 17,603 as the nation's trade deficit widened more than expected in February. Nasdaq plunged 47 points to 4,843.
On the upside
DragonWave (Nasdaq: DRWI) launched its Harmony Care services offering.
Zacks Equity Research said that there could be significant upside potential to Companhia Siderurgica Nacional (NYSE: SID).
Celator Pharmaceuticals (Nasdaq: CPXX) will present at the 15th Annual Needham Healthcare Conference.
On the downside
Profit taking weighed down shares of Yirendai (NYSE: YRD).
DryShips (Nasdaq: DRYS) sold three of its vessels and will sell its entire stake in Ocean Rig UDW.
Shares of Bonanza Creek Energy (NYSE: BCEI) and C&J Energy Services (NYSE: CJES) fell even as crude oil prices edged up.
In the broad market, declining issues outpaced advancers by a margin of nearly 7 to 3 on both the NYSE and on Nasdaq. The broader S&P 500 plunged 20 points to 2,045. Bitcoin added $1 to $419
