Wall Street Set to Open Lower Wednesday as Tech Stocks Take Hit

MT Newswires Live07-17

Wall Street Set to Open Lower Wednesday as Tech Stocks Take Hit US stocks look set to open lower in Wednesday's trading session with tech stocks falling sharply as investors look toward more corporate...

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Analysts expect oil inventories to have declined by 900,000 after falling by more than 3.4 million the previous week, according to Bloomberg.In other world markets, Japan's Nikkei was down 0.4%, Hong Kong's Hang Seng nudged 0.1% higher, and China's Shanghai Composite fell 0.5%. Meanwhile in Europe's early afternoon session, the UK's FTSE 100 was up 0.1%, while Germany's DAX 30 was down 0.5% and France's CAC 40 was down 0.4%.In equities, shares of Aditxt (ADTX) jumped 62% in Wednesday's premarket session after it said wholly owned subsidiary Adifem and Evofem Biosciences have amended and restated their merger agreement. Shimmick's (SHIM) shares surged 47% after it said late Tuesday that it secured a $27.6 million subcontract for work on the Sunol Valley Water Treatment Plant Ozonation project in California. Shares of Aptevo Therapeutics (APVO) advanced 28%, adding to a nearly 10% gain on Tuesday. Locafy's (LCFY) stock was up 28%, adding on to a 49% gain on Tuesday. And shares of Asset Entities (ASST) climbed 24%, following a slight gain the previous session.On the losing side, shares of ASLAN Pharmaceuticals (ASLN) plummeted 55% after it said its lone operating unit ASLAN Pharmaceuticals Pte has filed for voluntary liquidation. Cassava Sciences' (SAVA) shares tumbled 27% after it said Wednesday that Chief Executive and Chairman Remi Barbier has resigned. Wag! Group's (PET) stock was down 15% after it priced an underwritten public offering of 7.4 million shares Wednesday at $1.35 each. Greenpro Capital's (GRNQ) shares dropped 14%, cancelling out Tuesday's 16% gain. And shares of Five Below (FIVE) fell 14% after it reported late Tuesday fiscal Q2 guidance for net income and revenue that missed analyst expectations. The company's stock has since been downgraded by several analyst firms.","kind":null,"is_publish_news":false,"is_publish_highlight":false,"is_publish_live":true,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2452615498"}