Dow Dips 600 Points; AMC Entertainment Shares Plunge – AMC Entertainment (NYSE:AMC), Calavo Growers (NASDAQ:CVGW)
, 2022-12-22 13:33:33,
US stocks traded lower towards the end of the session, with the Dow Jones down more than 600 points on Thursday.
The Dow fell 1.84% to 32,761.20 while the NASDAQ fell 3% to 10,389. The S&P 500 also fell, falling 2.33% to 3,787.90.
Leading and Laggard Sectors
Consumer staples stocks fell just 0.9% on Thursday. Meanwhile, the top winners in the sector included Calavo Growers, Inc. CVGW3% more, and Whole Earth Brands, Inc. FREEup to 3%.
In Thursday trading, information technology stocks fell 3.7%.
The US economy expanded by an annualized 3.2% qoq in the third quarter, compared with 2.9% in the second estimate.
stock trading UP
- ProQR Therapeutics NV PRQR The shares soared 81% to $2.9801 after the company, along with Eli Lilly, announced the expansion of their new genetic drug licensing and collaboration agreement. ProQR will receive an initial payment of $75 million, plus a capital investment.
- Actions of ORIC Pharmaceuticals, Inc. none got a boost, shooting up 55% to $4.66 after the company announced it had entered into a clinical development collaboration for a potential phase 2 study of ORIC-533 in multiple myeloma with Pfizer and agreed to sell about 5.38 million of its common shares at a price of $4.65 per share to Pfizer for proceeds of approximately $25 million.
- IsoPlexis Corporation I LIKE THIS shares were also up, gaining 129% to $1.58…
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