Crude Oil Moves Higher; Rivian Automotive Shares Plunge
U.S. stocks traded lower midway through trading, with the Nasdaq Composite falling more than 150 points on Tuesday. Following the market opening Tuesday, the Dow traded down 0.33% to 52,882.93 while the NASDAQ fell 0.61% to 25,962.20. The S&P 500 also fell, dropping, 0.24% to 7,518.98. Leading and Lagging Sectors Consumer staples shares jumped by 1.8% on Tuesday. In trading on Tuesday, information technology stocks fell by 2.1%. Top Headline The Logistics Manager’s Index rose to 71.1 in June from 69.5 in the previous month, recording the strongest growth since March 2022. Equities Trading UP Crinetics Pharmaceuticals Inc (NASDAQ: CRNX ) shares shot up 99% to $83.52 after the company announced it will be acquired by Vertex Pharmaceuticals. Shares of DigitalOcean Holdings Inc (NYSE: DOCN ) got a boost, surging 9% to $143.30 after the company announced it expects a year-over-year increas...
S. stocks traded lower midway through trading, with the Nasdaq Composite falling more than 150 points on Tuesday. 20. 98.
8% on Tuesday. 1%. 5 in the previous month, recording the strongest growth since March 2022. 52 after the company announced it will be acquired by Vertex Pharmaceuticals.
30 after the company announced it expects a year-over-year increase in second-quarter revenue growth results. Also, the company expects to be at or above the top end of the range of its previously provided guidance for EBITDA margin and non-GAAP net income per share. 73 after the company announced several capital restructuring initiatives. The plan includes Founder and CEO Soon Huat Lim’s proposal to convert about $8 million of debt into restricted Class B shares.
42 after the company announced an offering of 75 million shares. 16 after the company entered into an exclusive global licensing agreement with Argent BioPharma Limited for CannEpil, a proprietary, patent protected cannabinoid-based investigational therapeutic approved for the treatment of drug-resistant epilepsy in multiple European countries. 29. Ultra Clean Holdings said it will release its second quarter financial results on Monday, Aug.
3. 50. 2640. Euro zone European shares were mixed today.
5%. 1%. 13%. 5 in the previous month, recording the strongest growth since March 2022.
S. 5 billion shortfall. 3 billion. Photo via Shutterstock