Concerns that President Donald Trump attempted to interfere in the FBI investigation into former National Security Adviser Michael Flynn sent the markets tumbling to a sharply lower open with the Dow plummeting 242 points to 20,736. Nasdaq plunged 81 points to 6,091.
On the upside
Cemtrex (Nasdaq: CETX) reported that it received a record of more than $21 million in new orders in April.
Red Robin Gourmet (Nasdaq: RRGB) reported better than expected results for the first quarter.
Second quarter earnings climbed for Jack in the Box (Nasdaq: JACK) to surpass expectations.
On the downside
Investors locked in profits on Baozun (Nasdaq: BZUN).
American Eagle Outfitters (NYSE: AEO) disappointed with lower first quarter earnings that missed expectations and forecast current quarter results below analyst estimates.
Profit taking weighed down shares of Advanced Micro Devices (Nasdaq: AMD).
The broader S&P 500 plunged 26 points to 2,373. Bitcoin leaped $102 to $1795.