U.S. Small Caps Decrease; TMC The Metals Company Takes Biggest Hit

Dow Jones2025-04-22

This article was automatically generated using Dow Jones technology.

Shares of small-cap companies declined Monday, as the Russell 2000 Index dropped 2.1%, and the S&P Small Cap 600 Index was down 2.1%.

Among companies with a market value of $1 billion to $6.7 billion, TMC the metals company Inc. was the biggest laggard during the session, dropping 18%, followed by shares of USA Rare Earth Inc., which dropped 17%. Shares of Newsmax Inc. Cl B dropped 15%, Sezzle Inc. shares plunged 14%, and New Fortress Energy LLC Cl A plunged 13%.

Arrowhead Pharmaceuticals Corp. was the best performer, surging 7.5%, followed by Beam Therapeutics Inc., which jumped 7.3%. Avidity Biosciences Inc. shares surged 7.0%, IDEAYA Biosciences Inc. jumped 6.4%, and shares of Pacira BioSciences Inc. surged 5.1%.

Major stock indexes in the U.S. fell Monday as the Nasdaq Composite Index fell 2.6%. Meanwhile, the S&P 500 Index declined 2.4%, and the Dow Jones Industrial Average dropped 2.5%.

Data source: Dow Jones Market Data, FactSet

(END) Dow Jones Newswires

April 21, 2025 16:21 ET (20:21 GMT)

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