Markets Plunge As Earnings Disappoint

Weak earnings sent the markets tumbling to a sharply lower close with the Dow plunging 143 points to 16,026. Nasdaq plummeted 54 points to 3999.

On the upside

Shares of Zoe's Kitchen (NYSE: ZOES) leaped on its first trading day.

Enable Midstream Partners (NYSE: ENBL) stock soared in its market debut.

BMO Capital Markets upgraded JAKKS Pacific (Nasdaq: JAKK) from a Market Perform rating to an Outperform rating.

On the downside

Financial Times reported that the Federal Bureau of Investigation and the Department of Justice have been investigating Herbalife (NYSE: HLF) for possible criminal activity.

JPMorgan Chase (NYSE: JPM) disappointed with lower first quarter earnings and revenue that fell short of analyst expectations.

Documents that were released this afternoon indicated that current General Motors (NYSE: GM) chief executive Mary Barra was informed about safety concerns in 2011 about the Saturn Ion and Chevrolet Cobalt.

In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 2 on the NYSE and by nearly 4 to 1 on Nasdaq. The broader S&P 500 tumbled 17 points to 1815. Bitcoin climbed $47.86 or 12.87% to $419.64.

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