A potential war between Russia and Ukraine sent the markets tumbling to a sharply lower close with the Dow plunging 153 points to 16,168. Nasdaq fell 30 points to 4277.
On the upside
ChinaCache International (Nasdaq: CCIH) announced a $55 million private placement by unnamed institutional investors.
Bargain hunters lifted shares of Microvision (Nasdaq: MVIS).
Shares of Ballard Power (Nasdaq: BLDP) and FuelCell Energy (Nasdaq: FCEL) continued rising on news last week of fellow alternative fuel cell maker Plug Power’s (Nasdaq: PLUG) purchase order from Wal-Mart (NYSE: WMT).
On the downside
Shares of EPAM Systems (NYSE: EPAM) plunged after Russian troops invaded Ukraine. EPAM has delivery centers in Ukraine and Russia.
A Seeking Alpha contributor wrote that the crisis in Ukraine will negatively impact Capstone Turbine (NYSE: CPST).
Investors locked in profits on Central European Media Enterprises (Nasdaq: CETV).
In the broad market, declining issues outpaced advancers by a margin of nearly 2 to 1 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 dropped 13 points to 1845. Bitcoin climbed $99.48 or 18.01% to $651.95.
