U.S. Small Caps Drop; Veracyte Falls Furthest

Dow Jones11-06 05:20

This article was automatically generated using Dow Jones technology.

Shares of small-cap companies dropped Thursday, as the Russell 2000 Index declined 4.4%, and the S&P Small Cap 600 Index was down 3.7%.

Among companies with a market value of $1 billion to $6.7 billion, Veracyte Inc. was the biggest laggard during the session, dropping 54%, followed by shares of Tripadvisor Inc., which dropped 28%. Shares of Gibraltar Industries Inc. dropped 27%, Fastly Inc. Cl A shares plunged 27%, and Penguin Solutions Inc. tumbled 23%.

Encore Capital Group Inc. was the best performer, surging 26%, followed by ADMA Biologics Inc., which jumped 26%. Xeris Biopharma Holdings Inc. shares jumped 25%, Warby Parker Inc. surged 22%, and shares of Ardent Health Inc. jumped 22%.

Major U.S. stock indexes closed down Thursday with the Nasdaq Composite Index declining 5.5%. Meanwhile, the S&P 500 Index declined 4.4%, and the Dow Jones Industrial Average declined 3.4%.

Data source: Dow Jones Market Data, FactSet

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