US stocks traded lower in mid-trade, with the Nasdaq Composite falling more than 200 points on Wednesday.

The Dow fell 1.10% to 33,364.09 while the NASDAQ fell 1.92% to 11,116.96. The S&P 500 was also down 1.38% to 3,961.34.

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Leading and lagging sectors

• Real estate stocks fell just 0.5% on Wednesday. Meanwhile top winner in the sector included Franklin Street Properties Corp. FSPby 2% and Franklin Street Properties Corp. IRSincreased by 1%.
• In Wednesday trading, information technology shares fell 2.2%.

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AT&T Inc T reported better than expected Q4 results.

AT&T reported operating revenue of $31.34 billion for the fourth quarter of FY22, up 0.8% year over year and just missing the consensus of $31.39 billion. Adjusted EPS of $0.61 beat the consensus of $0.57.

AT&T expects FY23 adjusted earnings per share of $2.35 to $2.45, below the consensus of $2.56.

Stock trading UP

• Ensysce Biosciences, Inc. ENSC Shares soared 89% to $1.2800 after the company announced the start of the final stage of its Phase 1 opioid overdose protection study.
• shares of eHealth, Inc. EHTH got a boost, rising 36% to $7.35 after the company raised its preliminary FY22 revenue guidance.
• Sonoma Pharmaceuticals, Inc. SNOA Shares were also higher, gaining 77% to $2.1190 after the company announced that Microcyn Rx products have received a distribution and pricing agreement for distribution through the Defense Logistics Agency.

Stocks are trading down

• Precigen, Inc. PGEN Shares fell 27% to $1.6002 after the company reported a $75.0 million price for its public offering of common stock.
• shares of Grom Social Enterprises, Inc. GROM fell 29% to $2.2652 after the company announced a $3.0 million private placement that was market valued under Nasdaq rules.
• Extreme Networks, Inc. EXT fell 21% to $15.30. Extreme Networks reports positive Q2…