Wall Street ends lower after Nasdaq, S&P join the Dow in negative territory

Wall Street ends lower after Nasdaq, S&P join the Dow in negative territory

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4:05pm: Clean Energy Fuels joins the Reddit roster of meme stocks The DJIA finished 152 points lower, 0.4%, at 34,448 after sinking lower over the course of the afternoon. The Nasdaq spent most of the day in the green but closed down 13 points at 13,912, and the S&P 500 shed 8 points, 0.2%, to 4,220.  It was the third straight day of losses for the industrials. Meme stocks were a subject of much attention Wednesday, including Clean Energy Fuels Corp. (NASDAQ:CLNE), a natural gas company that saw its shares surge more than 30% to $13.02. 12:16pm: Clover Health the latest meme stock to see wild volatility In the US, the Dow back down again at midday, dropping 37 points, 0.1%, to 34,563. The industrials started in the red and broke into positive territory only to drop back down. The Nasdaq was up 22 points, 0.2%, to 13,947 after losing much of its early gains, and the S&P 500 added 2 points to 4,229. The newest meme stock appears to be Clover Health Investments Corp (NASDAQ:CLOV), which gained 85% on Tuesday and added another 15% to a high of $28.85 at the open. Since, though, the stock has tumbled to $19.26, a 13% dip on the day. 9:52am: Proactive North America headlines: Vuzix Corporation (NASDAQ:VUZI) rises to the ranks of the Russell 2000 and 3000 Indexes ION Energy Limited Ltd (CVE:ION) (OTCQB:IONGF) (FRA 5YB) commences exploration at Baavhai Uul Lithium Salar Project in Mongolia Marble Financial Inc (CSE:MRBL) (OTCMKTS:MRBLF) (FRA:2V0) subsidiary Inverite Verification teams up with PowerSports to help Canadians access recreational vehicle financing Alpine 4 Holdings Inc (OTCQB:ALPP) says subsidiary Thermal Dynamics International now holds $14.6 million in backlog orders Neo Lithium Corp (CVE:NLC) (OTCQX:NTTHF) (FRA:NE2) welcomes updated resource for its flagship Argentina project, which underlines its scale and potential Talon Metals Corp (TSE:TLO) (OTCMKTS:TLOFF) (FRA:TAO) reports multiple thick intersections of massive nickel-copper mineralization at CGO West area Heritage Cannabis Holdings Corp (CSE:CANN) (OTCQX:HERTF) (FRA:2UE) launches its new frozen cannabis edible product RADsicles Aequus Pharmaceuticals Inc (CVE:AQS) (OTCQB:AQSZF) (FRA:AEQ) says it will maintain commercial relationship with Sandoz into 2022 Esports Entertainment Group Inc (NASDAQ:GMBL) and partner to hold virtual event to discuss using cinema venues to host gaming events Starton Therapeutics Inc advances transdermal lenalidomide STAR-LLD program following successful skin permeation studies TechX Technologies Inc (CSE:TECX) (OTC:TECXF) (FRA:C0B1) says portfolio cryptocurrency company Catalyx launches Canadian dollar-backed stablecoin on top-15 global exchange First Mining Gold Corp (TSE:FF) (OTCQX:FFMGF) (FRA:FMG) says JV Partner at Pickle Crow Gold completes stage one earn-in Renforth Resources Inc (CSE:RFR) (OTCPINK:RFHRF) (FRA:9RR) poised to start drilling at its Surimeau District battery metals project; reports more Parbec drill results Braxia Scientific Corp (CSE:BRAX) (OTCMKTS:BRAXF) (FRA:496) team-led guidelines into clinical uses of ketamine and esketamine published in prestigious American Journal of Psychiatry Ascendant Resources Inc (TSE:ASND) (OTCMKTS:ASDRF) (FRA:2D9) begins a new preliminary economic assessment on its Lagoa Salgada project in Portugal American Manganese Inc (CVE:AMY) (OTCMKTS:AMYZF) (FRA:2AM) applauds new White House report on building resilient battery supply chains in the US GoviEx Uranium Inc (CVE:GXU) (OTCQB:GVXXF) (FRA:7GU) sees 'some very remarkable intercepts' in Falea project exploration drilling Organic Garage Ltd (CVE:OG) (OTCQX:OGGFF) (FRA:9CW1) talks possible expansion, Instacart success and the Future of Cheese in corporate update Clean Energy Fuels Corp (NASDAQ:CLNE) caught in Reddit memestock mania as shares surge in pre-market deals Ximen Mining Corp (CVE:XIM) (FRA:1XMA) (OTCQB:XXMMF) begins camp construction for exploration program around Kenville gold mine in British Columbia Unigold Inc (CVE:UGD) (OTCQX:UGDIF) (FRA:UGB1) reports drill results from Candelones in the Dominican Republic, which underline project's potential 9.37am: Mostly in the green The main indices on Wall Street were mostly in the green on Wednesday morning despite investor activity cooling into the summer period. Shortly after the opening bell, the Dow Jones Industrial Average was down 0.03% at 34,587, while the S&P 500 climbed 0.19% to 4,235 and the Nasdaq rose 0.45% to 13,987. One set of stocks seeing a positive start to the day were Clover Health and Clean Energy Fuels, two firms recently caught up in the latest ‘memestock’ trading frenzy speaRHeaded by members of the Reddit forum r/wallstreetbets. In early deals in New York, Clover was up 11.5% at US$24.69 while Clean Energy surged 37% to US$13.56. 7:40am: Wall Street set for another mixed start Wall Street is on track for an uninspiring open as investors play it cool ahead of this week's latest inflation figures. Trading is becoming a little thinner as the summer approaches, which is not helping matters. The Dow Jones Industrial Average is expected to open down 17 points or a minuscule 0.05%. The S&P 500 is forecast to edge up 0.09% while the Nasdaq Composite is set for a 0.29% rise. After the bell there could be some excitement, when one of the most (in)famous meme stocks, GameStop Corp (NYSE:GME) is due to report its quarterly figures. GameStop shares have jumped 80% in the past month, and they are trading nearly 1% higher in pre-market. The stock was the most traded on the US market during a January frenzy that was driven by investors on Reddit's wallstreetbets trading forum. According to Reuters, analysts are forecasting revenue of $1.16bln for the quarter ending in April, up 14% from the year before when the pandemic hit sales of brick and mortar stores. A loss of 84 cents a share is on the cards. Three things to watch for on Wednesday: Firms in the earnings calendar today include spirits and wine retailer Brown-Forman Corp (NNYSE:BF.B), food firm Campbell Soup Co (NYSE:CPB) and home furnishings group RH (NYSE:RH) Aside from GameStop, another Reddit favourite, Clover Health Investments Corp (NASDAQ:CLOV), is also likely to draw attention after the medical insurance firm’s stock soared in Tuesday’s session and rose over 20% in pre-market deals this morning On the macro front, the diary is looking a little thin although US mortgage data may prove of interest to some traders

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