President Donald Trump accused OPEC of artificially inflating crude oil prices. The markets close sharply lower with the Dow plummeting 201 points to 24,462. Nasdaq plunged 91 points to 7146.
On the upside
Shares of Columbia Financial (Nasdaq: CLBK) surged in its market debut.
Limelight Networks (Nasdaq: LLNW) swung to a profit for the first quarter as revenue rose.
Dicerna Pharmaceuticals (Nasdaq: DRNA) and Alynylam Pharmaceuticals (Nasdaq:: ALNY) settled a stolen trade secrets case.
On the downside
Clearwater Paper (NYSE: CLW) reported sharply lower first quarter earnings.
Controladora Vuela Compania de Aviation (NYSE: VLRS) reported a loss for the first quarter.
ManpowerGroup (NYSE: MAN) reported higher first quarter earnings and revenue but the stock price fell.
In the broad market, declining issues outpaced advancers by a margin of 2 to 1 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 tumbled 22 points to 2,670. Bitcoin leaped $218 to $8,495.