Markets plunge even as services sector expands

The extended its losses during the midday with the Dow plunging 116 points to 17,620 despite expansion of the nation's services sector in March. Nasdaq tumbled 46 points to 4,845.


On the upside


TopNasdaqStocks.com added Origin Agritech (Nasdaq: SEED) to its list of stocks to watch.


Wells Fargo upgraded Intercept Pharmaceuticals (Nasdaq: ICPT) from a Market Perform rating to an Outperform rating.


A judge tentatively dismissed claims that Lumber Liquidators (NYSE: LL) did not adequately warn consumers of potential health hazards from some of its laminate flooring.


On the downside


Great Basin Scientific (Nasdaq: GBSN) appointed Mike Blitz as vice president of U.S. sales and promoted Sandra Nielsen to senior vice president of sales and marketing.


New proposed regulations for corporate tax inversions weighed down shares of Waste Connections (Nasdaq: WCN) and Progressive Waste Solutions (NYSE: BIN).


Investors locked in profits on Baxalta (NYSE: BXLT).


In the broad market, declining issues outpaced advancers by a margin of more than 2 to 1 on the NYSE and by 5 to 3 on Nasdaq. The broader S&P 500 tumbled 19 points to 2,046. Bitcoin added $2 to $420.

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