The markets closed sharply lower with the Dow crashing 254 points to 24,964 as Walmart's disappointing holiday quarter results weighed on investors. Nasdaq slipped 5 points to 7234.
On the upside
Rhone Capital will take Fogo de Chao (Nasdaq: FOGO) private in an all cash deal valued at approximately $560 million.
Voyager Therapeutics (Nasdaq: VYGR) entered an exclusive strategic collaboration and option agreement with AbbVie (NYSE: ABBV) to develop and commercialize vectorized antibodies to treat Alzheimer's disease.
DineEquity (NYSE: DIN) reported sharply higher fourth quarter earnings.
On the downside
Osmotica Pharmaceuticals and Vertical Pharmaceuticals requested a declaratory judgment that Osmotica's OSMOLEX ER does not infringe on certain of Adamas Pharmaceuticals' (Nasdaq: ADMS) patents.
Diana Containerships (Nasdaq: DCIX) widened losses for the fourth quarter.
Fourth quarter earnings plunged for Allegheny Technologies (NYSE: ATI).
In the broad market, declining issues outpaced advancers by a margin of 2 to 1 on the NYSE and by more than 2 to 1 on Nasdaq. The broader S&P 500 dropped 15 points to 2,716. Bitcoin jumped $653 to $11,715.
