Small U.S. Stocks Close Lower; Cullinan Therapeutics Posts Biggest Loss

Dow Jones
1 hour ago

This article was automatically generated using Dow Jones technology.

Shares of small-cap companies declined Wednesday, as the Russell 2000 Index dropped 1.8%, and the S&P Small Cap 600 Index was down 1.1%.

Among companies with a market value of $1 billion to $6.7 billion, Cullinan Therapeutics Inc. was the biggest laggard during the session, dropping 22%, followed by shares of Alkami Technology Inc., which dropped 19%. Shares of Rapport Therapeutics Inc. dropped 18%, Voyager Technologies Inc. shares tumbled 16%, and InnovAge Holding Corp. plunged 16%.

Fastly Inc. Cl A was the best performer, surging 14%, followed by Securitize Corp., which surged 10%. ACM Research Inc. Cl A shares jumped 6.4%, Klaviyo Inc. jumped 5.7%, and shares of Allient Inc. jumped 5.1%.

Major U.S. stock indexes fell Wednesday with the Nasdaq Composite Index falling 1.1%. Meanwhile, the S&P 500 Index dropped 0.8%, and the Dow Jones Industrial Average dropped 0.7%.

Data source: Dow Jones Market Data, FactSet

 

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