Technology stocks continued to fall sending the markets down to a sharply lower open with the Dow dropping 61 points to 21,210. Nasdaq plummeted 62 points to 6,145.
On the upside
General Electric (NYSE: GE) chief executive Jeff Immelt will retire and GE Healthcare CEO John Flannery will become the next leader of GE.
Avon Products (NYSE: AVP) will present at the Deutsche Bank dbAccess Global Consumer Conference on Wednesday, June 14, 2017.
Bargain hunters lifted shares of Whiting Petroleum (NYSE: WLL).
On the downside
Investors locked in profits on STMicroelectronics (NYSE: STM).
Shares of Shopify (NYSE: SHOP) extended its losses.
Veeva Systems (NYSE: VEEV) senior vice president Jonathan Faddis sold 34,065 shares of company stock.
In the broad market, advancing issues outpaced decliners by a margin of 6 to 5 on the NYSE while declining issues barely edged out advancers by a slim margin on Nasdaq. The broader S&P 500 fell 8 points to 2,423. Bitcoin plunged $136 to $2748.
