U.S. stocks traded lower toward the end of trading, with the Dow Jones dropping over 300 points on Tuesday.
The Dow traded down 0.92% to 33,562.53 while the NASDAQ fell 1.75% to 11,826.47. The S&P 500, also fell, dropping, 1.40% to 4,079.31.
Gainers
Ibio Inc (NYSE: IBIO) shares rose 162.6% to $1.97 in pre-market trading after dropping around 12% on Thursday. JMP Securities, on Thursday, downgraded iBio from Market Outperform to Market Perform.
Cantor Fitzgerald analyst Prakhar Agrawal maintains Spectrum Pharmaceuticals (NASDAQ:SPPI) with a Neutral and lowers the price target from $3 to $0.75.