U.S. Small Caps Rise; SoundHound AI Top Leaders

Dow Jones05:20

This article was automatically generated using Dow Jones technology.

Shares of small-cap companies gained Friday, as the Russell 2000 Index gained 1.8%, and the S&P Small Cap 600 Index was up 1.7%.

Among companies with a market value of $1 billion to $6.7 billion, SoundHound AI Inc. was the best performer during the session, surging 18%, followed by Opendoor Technologies Inc., which jumped 17%. CleanSpark Inc. shares surged 16%, UGI Corp. surged 15%, and shares of LandBridge Co. LLC surged 15%.

Cassava Sciences Inc. was the biggest laggard, dropping 18%, followed by shares of BGC Group Inc. Cl A, which dropped 5.5%. Shares of Sigma Lithium Corp. fell 4.8%, Global Blue Group Holding AG shares dropped 4.6%, and Alpha & Omega Semiconductor Inc. declined 4.4%.

Major stock indexes in the U.S. closed up Friday as the Nasdaq Composite Index added 0.2%. Meanwhile, the S&P 500 Index increased 0.3%, and the Dow Jones Industrial Average gained 1.0%.

Data source: Dow Jones Market Data, FactSet

 

(END) Dow Jones Newswires

November 22, 2024 16:20 ET (21:20 GMT)

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