Growing concerns about Deutsche Bank send markets tumbling

Growing concerns about the stability of Deutsche Bank weighed the markets down to a sharply lower close with the Dow plunging 195 points to 18,143. Nasdaq tumbled 49 points to 5,269.


On the upside


Shares of Tabula Rasa Healthcare (Nasdaq: TRHC) soared in its market debut.


The Wall Street Journal reported that Qualcomm (Nasdaq: QCOM) was close to finalizing a deal to acquire NXP Semiconductor (Nasdaq: NXPI) for approximately $30 million.


Shares of oilfield services provider Superior Energy Services (NYSE: SPN) climbed on higher crude oil prices.


On the downside


Marinus Pharmaceuticals (Nasdaq: MRNS) reported positive results from a Phase 2 exploratory study of ganaxolone to treat females with PCDH19 pediatric epilepsy but the stock price fell as investors locked in profits from yesterday's surge.


Profit taking weighed down shares of Trade Desk (Nasdaq: TTD).


Genocea Biosciences (Nasdaq: GNCA) reported positive results from a Phase 2b trial of GEN-003 to treat genital herpes but the stock price dropped on profit taking.


In the broad market, declining issues outpaced advancers by a margin of more than 7 to 2 on the NYSE and by nearly 7 to 2 on Nasdaq. The broader S&P 500 tumbled 20 points to 2,151. Bitcoin added $1 to $605.

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