ADP reported a strong gain of 205,000 jobs in January but the markets opened sharply lower with the Dow plunging 149 points to 16,003. Nasdaq plummeted 85 points to 4,431.
On the upside
Boot Barn Holdings (NYSE: BOOT) reported higher third quarter earnings that topped analyst estimates as revenue rose.
The Food and Drug Administration granted Fast Track designation to Conatus Pharmaceuticals' (Nasdaq: CNAT) emricasan development program to treat liver cirrhosis caused by nonalcoholic steatohepatitis.
Viavi Solutions (Nasdaq: VIAV) swung to a profit for the second quarter and named Oleg Khaykin as chief executive officer.
On the downside
Navios Maritime Partners (NYSE: NMM) disappointed with lower fourth quarter earnings and revenue that fell short of expectations and the company suspended its quarterly cash distribution.
National Oilwell Varco (NYSE: NOV) fell to a greater than expected loss for the fourth quarter as revenue tumbled.
Memorial Resource Development (Nasdaq: MRD) provided an operational update.
In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on the NYSE while decliners edged out advancers by 10 to 9 on Nasdaq. The broader S&P 500 plunged 28 points to 1,874. Bitcoin lost $4 to $370.
