Tech sell-off sinks stocks

The markets retreated as regulation concerns and self-driving car safety issues plagued the tech sector. The Dow crashed 344 points to 23,857 while Nasdaq collapsed 211 points to 7008.


On the upside


Stifel Nicolaus upgraded Aratana Therapeutics (Nasdaq: PETX) from a Hold rating to a Buy rating and lifted its price target from $6 to $8.


Shares of Tandem Diabetes Care (Nasdaq: TNDM) extended its gains.


Teacher Retirement System of Texas purchased 17,945 shares of Rayonier Advanced Materials (NYSE: RYAM).

On the downside


IDT (NYSE: IDT) completed the spinoff of Rafael Holdings.


Invitae (NYSE: NVTA) will offer $50 million of its common stock through a public offering.


SunTrust Robinson Humphrey downgraded Unit (NYSE: UNT) from a Buy rating to a Hold rating.


In the broad market, declining issues outpaced advancers by a margin of more than 2 to 1 on the NYSE and by 7 to 2 on Nasdaq. The broader S&P 500 plummeted 45 points to 2,612. Bitcoin climbed $108 to $7,997.


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