U.S. stocks traded lower midway through trading, with the Dow Jones dropping over 450 points on Thursday.
The Dow traded down 1.38% to 33,814.23 while the NASDAQ fell 1.37% to 13,602.19. The S&P 500, also fell, dropping, 1.29% to 4,389.59.
U.S. stocks traded lower this morning, with the Dow Jones dropping over 300 points on Thursday.
Following the market opening Thursday, the Dow traded down 0.96% to 33,958.13 while the NASDAQ fell 1.06% to 13,645.10. The S&P 500, also fell, dropping, 0.97% to 4,403.76.
ASLAN Pharmaceuticals Ltd (NASDAQ: ASLN) released topline data from its TREK-AD Phase 2b dose-ranging study of eblasakimab in adult patients with moderate-to-severe
ROOT: 160% | 'Car-Insurance Firm Root Gets Takeover Bid; Root Was Offered $19.34 A Share, Hasn't Managed To Negotiate A Deal' ROIV: 15% | Roivant Reports Chronic Period Data for RVT-3101 from the TUSCANY-2
Potential short squeeze plays gained steam in 2021 and continued through 2022 with new traders looking for the next huge move.
High short interest and a high cost to borrow are among the common traits that could lead to a short squeeze.