Crude Oil Down 2%; Enzo Biochem Shares Spike Higher – Acer Therapeutics (NASDAQ:ACER), Traeger (NYSE:COOK)

U.S. stocks traded lower midway through trading, with the Dow Jones dropping more than 300 points on Friday.

The Dow traded down 1.07% to 31,899.93 while the NASDAQ fell 0.68% to 11,638.13. The S&P 500, also fell, dropping, 0.94% to 3,923.10.

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Leading and Lagging Sectors

Information technology shares fell by just 0.02% on Friday. Meanwhile, top gainers in the sector included WM Technology, Inc. MAPS, up 14%, and Riot Platforms, Inc. RIOT, up 11%.
In trading on Thursday, financials shares dipped by 2.8%.

Top Headline

Industrial production came in unchanged for February, following a 0.3% increase in January.

Equities Trading UP

Enzo Biochem, Inc. ENZ shares shot up 86% to $2.21 after the company announced it will sell its clinical laboratory to Labcorp.
Shares of Histogen Inc. HSTO got a boost, shooting 58% to $1.37 after the company announced issuance of a US patent covering CTS-2090 methods of use.
Traeger, Inc. COOK shares were also up, gaining 24% to $3.74 after the company announced better-than-expected Q4 results.

Equities Trading DOWN

Lifecore Biomedical, Inc. LFCR shares tumbled 64% to $1.82 after the company reported worse-than-expected Q2 financial results.
Shares of Diebold Nixdorf, Incorporated DBD were down 53% to $1.0887. Wedbush reiterated Diebold Nixdorf with an Outperform and maintained a $5 price target.
Acer Therapeutics Inc. ACER was down, falling 47% to $0.8201 after the company announced its Phase 2a trial data showing ACER-801 was safe and well-tolerated but did not achieve statistical significance when evaluating the ability to decrease the frequency or severity of hot flashes in postmenopausal women.

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Commodities

In commodity news, oil traded down 2% to $66.97 while gold traded up 2.1% at $1,963.50.

Silver traded up 2.8% to $22.305 on Thursday while copper rose 0.9% to $3.8980.

Euro zone

European shares were lower today. The eurozone’s STOXX 600 fell 1.2%, London’s FTSE 100 fell 0.93% while Spain’s IBEX 35 Index fell 1.99%. The German DAX dropped 1.31%, French CAC 40 fell 1.41% and Italy’s FTSE MIB Index fell 1.62%.

Asia Pacific Markets

Asian markets closed higher on Friday, with Japan’s Nikkei 225 gaining 1.2%, Hong Kong’s Hang Seng Index gaining 1.64% and China’s Shanghai Composite Index gaining 0.73%. India’s S&P BSE Sensex rose 0.6%.

Economics

The University of Michigan consumer sentiment fell to 63.4 in March from 67 in the previous month.
Industrial production came in unchanged for February, following a 0.3% increase in January.

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