US stocks traded lower towards the end of trade, with the S&P 500 falling more than 1% on Wednesday.

The Dow fell 1.39% to 33,440.72, while the NASDAQ fell 0.89% to 10,996.36. The S&P 500 was also down 1.21% to 3,942.75.
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Leading and lagging sectors

Commodity stocks fell just 0.4% on Wednesday. Meanwhile top winner in the sector included Baijiayun Group Ltd RTCby 21% and Algoma Steel Group Inc. ASTLincreased by 5%.
In Wednesday’s trading, consumer staples stocks fell 2.2%.

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PNC Financial Services Group Inc pnc reported worse than expected results.
PNC reported fourth-quarter revenue of $5.76 billion, beating the median analyst estimate of $5.71 billion. The company reported quarterly earnings of $3.49 per share, which missed estimates of $3.95 per share.

Stock trading UP

Ontrak, Inc. OTRK Shares rose 131% to $1.33 after the company announced new data showing reductions in depression and anxiety symptoms for members of Ontrak Health’s Wholehealth+ program.

• shares of Sigilon Therapeutics, Inc. SGTX got a boost, rocketing 28% to $0.5281 after Canaccord Genuity started coverage on the stock with a Buy rating and a price target of $6.
• Energy Vault Holdings, Inc. NRGV Shares were also higher, gaining 31% to $4.6499 after the company updated expected revenue results for Q4 and FY22.

Stocks are trading down

Bit Brother Limited BTB Shares fell 71% to $1.92 after the company reported a $7.1 million registered direct offering price.

• shares of Arcimoto, Inc. FUV fell 59% to $2.51 after the company announced pricing of its $12 million public offering.
• PAVmed Inc. PAVM was down, falling 20% ​​to $0.51 after the company announced around 20% staff cuts among other cost-cutting measures.

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