Markets retreat to close sharply lower

The markets retreated in late afternoon trading to wipe out earlier gains and close sharply lower with the Dow plummeting 204 points to 15,666. Nasdaq fell 19 points to 4,506.

On the upside

Bargain hunters snapped up shares of 6D Global Technologies (Nasdaq: SIXD).

Shares of Netflix (Nasdaq: NFLX) rose on its Softbank partnership.

Atmel (Nasdaq: ATML) extended the retirement date of chief executive Steven Laub in order to complete its strategic evaluation process.

On the downside

Daktronics (Nasdaq: DAKT) disappointed with lower first quarter earnings and revenue that fell short of expectations.

Retreating crude oil prices weighed down shares of Freeport-McMoRan (NYSE: FCX).

TheStreet recommended waiting for Wells Fargo (NYSE: WFC) stock to drop further before buying.

In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 4 on the NYSE and by nearly 10 to 9 on Nasdaq. The broader S&P 500 tumbled 25 points to 1,867. Bitcoin surged $16 to $221.
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