Wall Street's Top Stories For Friday, March 22

General Motors (GM), which has recently be a target for negative tweets from President Donald Trump, confirmed that it is investing $300M in its Orion Township, Michigan, assembly plant to produce a new Chevrolet electric vehicle to be designed and engineered off an advanced version of the current Bolt EV architecture.

Nokia (NOK), which yesterday reported an internal investigation into compliance at Alcatel Lucent, clarified on that disclosure today, stating that the specified investigation is "not expected to have a material impact." Nokia added: "We have seen no evidence that would suggest that criminal penalties would apply in this case, and we believe it is highly likely that any penalties that might apply would be limited and immaterial."

MAJOR MOVERS: Among the noteworthy gainers was Papa John's (PZZA), which rose 6.2% after it announced that former NBA player and restaurateur Shaquille O'Neal will be joining the company's board of directors. Also higher was Hibbett Sports (HIBB), which gained 20.3% after reporting quarterly results.

Among the notable losers was Penn Virginia (PVAC), which slid 5.1% after it mutually agreed to terminate its merger agreement with Denbury Resources (DNR). Denbury shares declined 2.6% after the news. Also lower was Zuora (ZUO), which fell over 14% after reporting quarterly results.

INDEXES: The Dow fell 460.19, or 1.77%, to 25,502.32, the Nasdaq lost 196.29, or 2.5%, to 7,642.67, and the S&P 500 declined 54.16, or 1.9%, to 2,800.72.ZUO NKE BA GM NOK PZZA HIBB PVAC DNR

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