Concerns about economic plans sink stocks

The markets plunged to close sharply lower with the Dow collapsing 237 points to 20,668 as confidence in President Donald Trump's economic plans faltered. Nasdaq plummeted 107 points to 5,793.


On the upside


Shares of Hornbeck Offshore Services (NYSE: HOS) continued to rise.


xG Technology (Nasdaq: XGTI) stock rose ahead of its investor update after market close.


OraSure Technologies (Nasdaq: OSUR) will replace G&K Services (Nasdaq: GK) in the S&P SmallCap 600 before market open on Thursday, March 23.


On the downside


Bebe Stores (Nasdaq: BEBE) will close all of its brick and mortar stores to focus on its online business.

Calithera Biosciences (Nasdaq: CALA) will sell 4.5 million common shares through a public offering.

Shares of Aevi Genomic Medicine (Nasdaq: GNMX) extended its losses.


In the broad market, declining issues outpaced advancers by a margin of nearly 4 to 1 on the NYSE and by more than 5 to 1 on Nasdaq. The broader S&P 500 index plunged 29 points to 2,344. Bitcoin soared $58 to $1,112.


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