U.S. stocks closed sharply lower on Thursday, as investors were worried over the Federal Reserve's aggressive policy stance, raising recession concerns for the US economy.
The Down is down over 8% this month, while the S&P 500 tumbled to its lowest level last seen in November 2020.
U.S. stocks closed lower with the Nasdaq Composite dropping more than 300 points on Thursday. Here is the list of some big stocks recording losses in the previous session.
Rosenblatt raised Apple Inc. (NASDAQ: AAPL) price target from $160 to $189. Rosenblatt analyst Barton Crockett also upgraded the stock from Neutral to Buy. Apple shares fell 2.3% to $146.33 in pre-market trading.
Gainers
Windtree Therapeutics, Inc (NASDAQ: WINT) rose 50.7% to $0.4827 in pre-market trading after the company said Istaroxime Phase 2 study in early cardiogenic shock was published in the European Journal of Heart Failure.
Gainers
PepGen Inc. (NASDAQ: PEPG) jumped 110.2% to close at $10.93 after the company announced results from its Phase 1 healthy volunteer trial of PGN-EDO51 for Duchenne Muscular Dystrophy. The trial met its primary endpoint.
U.S. stocks closed higher on Wednesday with the Nasdaq Composite climbing more than 200 points amid a rise in Amazon.com, Inc. (NASDAQ: AMZN) and Microsoft Corporation (NASDAQ: MSFT) shares.