Sharply lower close as cost of economic plan soars

The markets tumbled to close sharply lower with the Dow plunging 112 points to 21,002 as investors reacted to the staggering cost of President Donald Trump's proposed economic plan. Nasdaq tumbled 42 points to 5,861.


On the upside


Shares of Snapchat parent Snap (NYSE: SNAP) surged in its market debut.


Navigator Holdings (NYSE: NVGS) reported better than expected earnings for the fourth quarter.


Karyopharm Therapeutics (Nasdaq: KPTI) will present new data on its product candidates in development at the 2017 Annual Meeting of the American Association for Cancer Research in April.


On the downside


Adeptus Health (NYSE: ADPT) cited issues with its financial reporting procedures for delaying the filing of its annual report prompting several law firms to initiate investigations into possible securities violations.


Endeavour Silver (NYSE: EXK) reported a loss for the fourth quarter as revenue dropped.

Shares of DryShips (Nasdaq: DRYS) fell for the fourth day in a row.


In the broad market, declining issues outpaced advancers by a margin of more than 5 to 2 on the NYSE and by nearly 5 to 2 on Nasdaq. The broader S&P 500 index dropped 14 points to 2,381. Bitcoin soared $25 to $1,237.


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