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Dow Drops More Than 1,000 Points, Akero Therapeutics Shares Spike Higher

Benzinga Real-time News · Sep 13, 2022 15:08

LNG +0.96% VTNR +13.74% AKRO +1.22% NRBO -2.03% CRDF -0.46%

U.S. stocks traded sharply lower toward the end of trading, following the release of inflation data for August.

The Dow traded down 3.34% to 31,298.22 while the NASDAQ fell 4.49% to 11,715.11. The S&P 500 also fell, dropping, 3.69% to 3,958.75.

Also check this: Bitcoin Remains Above This Major Level While Solana Rises Sharply; Here Are The Top Crypto Movers For Tuesday

Leading and Lagging Sectors

Energy shares fell by just 1% on Tuesday. Meanwhile, top gainers in the sector includedCheniere Energy, Inc.(NYSE:LNG), up 5% andVertex Energy, Inc.(NASDAQ:VTNR) up 4%.

In trading on Tuesday, communication services shares tumbled by 4%.

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Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more

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This presentation is for informational and educational use only and is not a recommendation or endorsement of any particular investment or investment strategy. Investment information provided in this content is general in nature, strictly for illustrative purposes, and may not be appropriate for all investors. It is provided without respect to individual investors’ financial sophistication, financial situation, investment objectives, investing time horizon, or risk tolerance. You should consider the appropriateness of this information having regard to your relevant personal circumstances before making any investment decisions. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal. Moomoo makes no representation or warranty as to its adequacy, completeness, accuracy or timeline for any particular purpose of the above content.

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In the U.S., investment products and services available through the moomoo app are offered by Moomoo Financial Inc., a broker-dealer registered with the U.S. Securities and Exchange Commission (SEC) and a member of Financial Industry Regulatory Authority (FINRA)/Securities Investor Protection Corporation (SIPC).

In Singapore, investment products and services available through the moomoo app are offered through Moomoo Financial Singapore Pte. Ltd. regulated by the Monetary Authority of Singapore (MAS). Moomoo Financial Singapore Pte. Ltd. is a Capital Markets Services Licence (License No. CMS101000) holder with the Exempt Financial Adviser Status. This advertisement has not been reviewed by the Monetary Authority of Singapore.

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In Canada, order-execution only services available through the moomoo app are provided by Moomoo Financial Canada Inc., regulated by the Canadian Investment Regulatory Organization (CIRO).

In Malaysia, investment products and services available through the moomoo app are offered through Futu Malaysia Sdn. Bhd. ("Moomoo MY")regulated by the Securities Commission of Malaysia (SC). Futu Malaysia Sdn. Bhd. is a Capital Markets Services Licence (License No. eCMSL/A0397/2024) holder. This advertisement has not been reviewed by the SC.

Moomoo Technologies Inc., Moomoo Financial Inc., Moomoo Financial Singapore Pte. Ltd.，Futu Securities (Australia) Ltd, Moomoo Financial Canada Inc., and Futu Malaysia Sdn. Bhd. are affiliated companies.

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