press release

Nasdaq falls 200 points; Crude Oil up over 1% – Alpine – Press Release

US stocks extended losses during trade, with the Nasdaq Composite falling more than 200 points on Wednesday.

After Wednesday’s market open, the Dow fell 1.26% to 29,934.96, while the NASDAQ fell 2.13% to 10,937.85. The S&P 500 was also down 1.59% to 3,730.73.

Also check this out: Bitcoin surges past this key level; Here are the Top Crypto Movers for Wednesday

Leading and lagging sectors

Energy stocks rose 1.2% on Wednesday. lead the sector was power out NineEnergy Service, Inc. NINE and Alpine Summit Energy Partners, Inc. ALPS.

In Wednesday trading, utility shares fell 2.2%.

top heading

US crude inventories fell 1.356 million barrels in the week ended September 30 versus market estimates of a 2.052 million barrel increase, the Energy Information Administration said.

Stock trading UP

  • Nauticus Robotics, Inc. PUTTY Shares rose 72% to $5.55 after the company announced it had won a second multi-million dollar contract from the US Defense Innovation Unit to develop an amphibious unmanned aerial vehicle system.
  • shares of Neighborhood Motor Corp. VEV got a boost, rising 8% to $1.1250 after the company announced it had started deliveries of Canada’s first Class 3 electric truck.
  • Tupperware Brands Corporation SHARPEN Shares were also higher, gaining 44% to $7.84. TOP Ships recently reported a 412% increase in net profit for the six months ended June 30th.

Stocks are trading down

  • Tupperware Brands Corporation TUPP Shares fell 9% to $6.56. Citigroup kept Tupperware Brands at Neutral and cut its price target to $8 from $11.5.
  • shares of SMART Global Holdings, Inc. SGH declined 8% to $15.69. SMART Global reported better-than-expected earnings for the fourth quarter, while revenue missed estimates. The company also provided a weak profit guidance for the current quarter.
  • Sotera healthcare company SHC fell 11% to $7.18 after Citigroup downgraded the stock to Neutral from Buy.

See also: Dow Jumps…

Source Story here

You May Also Like

press release

With a deep understanding of the latest tech, Erbo helps businesses flourish in a digital world.


State would join dozens of others in enacting legislation based on federal government’s landmark whistleblower statute, the False Claims Act

Health News

The cosmetic and facial plastic surgery practice is hosting a grand opening celebration and ribbon cutting for its new Chattanooga state-of-the-art location.

press release

#Automotive #Carbon #Canister #Market #Projected #Hit #USD New York, US, Oct. 24, 2022 (GLOBE NEWSWIRE) —  According to a comprehensive research report by Market...

Exit mobile version