Falling crude oil prices weighed the markets down to a sharply lower open with the Dow plummeting 190 points to 18,134. Nasdaq tumbled 47 points to 5,164.
On the upside
Renesas Electronics will pay a premium of approximately $3.2 billion in cash to acquire Intersil (Nasdaq: ISIL).
WPCS International (Nasdaq: WPCS) reversed year ago losses to post a profit for the first quarter.
Apple (Nasdaq: AAPL) iPhone 7 and iPhone 7 Plus preorders are four times higher than last year for Sprint (NYSE: S) and the highest ever for T-Mobile (Nasdaq: TMUS).
On the downside
Blue Buffalo Pet Products (Nasdaq: BUFF) announced a secondary offering of 14.3 million share of common stock.
Frontier Communications (Nasdaq: FTR) chief financial officer John Jureller departed the company.
Shares of Advanced Micro Devices (Nasdaq: AMD) continued falling.
In the broad market, declining issues outpaced advancers by a margin of nearly 4 to 1 on Nasdaq. The broader S&P 500 plunged 25 points to 2,133. Bitcoin added $1 to $608.
