Global geopolitical tensions and economic fears sent the markets tumbling to a sharply lower close with the Dow collapsing 392 points to 16,514. Nasdaq crashed 146 points to 4,689.
On the upside
Ctrip.com International (Nasdaq: CTRP) will invest $180 million in MakeMyTrip (Nasdaq: MMYT).
Shares of defense and security products provider Arotech (Nasdaq: ARTX) climbed as tensions in the Middle East and North Korea intensified.
Zumiez (Nasdaq: ZUMZ) lifted its fourth quarter earnings and revenue outlook.
On the downside
Ardelyx (Nasdaq: ARDX) will offer up to $75 million in common stock through a public offering.
General Electric (NYSE: GE) has divested $157 billion from GE Capital.
Profit taking weighed down shares of Majesco Entertainment (Nasdaq: COOL).
In the broad market, declining issues outpaced advancers by a margin of nearly 7 to 1 on both the NYSE and on Nasdaq. The broader S&P 500 plummeted 47 points to 1,943. Bitcoin edged up to $454.
