The nation's trade deficit rose 5.3% to $37.4 billion sending the markets tumbling to a sharply lower open with the Dow plummeting 130 points to 17,708. Nasdaq plunged 54 points to 4,916.
On the upside
Coffee Holding Company (Nasdaq: JVA) swung to a profit for the second quarter.
Talen Energy (NYSE: TLN) will be acquired by Riverstone for a premium of approximately $1.2 billion.
Shares of Eleven Biotherapeutics (Nasdaq: EBIO) continued rising.
On the downside
The American Society of Clinical Oncology removed Immunomedics' (Nasdaq: IMMU) presentation from its conference for presenting old clinical data.
American Airlines (Nasdaq: AAL) selected ViaSat instead of Gogo (Nasdaq: GOGO) to provide in-flight wi-fi service to a fleet of 100 Boeing 737 Max jets.
Rumors circulated that The Chemours Company (NYSE: CC) may file for bankruptcy.
In the broad market, declining issues outpaced advancers by a margin of more than 3 to 2 on the NYSE and by nearly 3 to 1 on Nasdaq. The broader S&P 500 tumbled 17 points to 2,087. Bitcoin soared $21 to $552.
