- The US stock market closed with minor gains across major indexes on August 19, while several individual stocks experienced significant declines.
- Whitefiber plunged 21.02% with a turnover of 320 million dollars, and La-Z-Boy dropped 16.95% with a turnover of 97.107 million dollars.
- Aehr Test Systems also declined by 12.41% with a turnover of 330 million dollars.
- U.S. stock futures declined in Tuesday's pre-market session, with Nasdaq 100 futures falling around 1 %.
- Fabrinet shares dropped 9.1 % to $544.06 after issuing a first-quarter GAAP EPS outlook of $3.39 to $3.54, which missed market estimates, despite beating fourth-quarter earnings and sales expectations.
- Several other stocks, including IQIYI, Hesai Group, and AXT, also moved lower following recent financial results or previous session gains.
- Tradr ETFs launched four first-to-market single-stock leveraged ETFs on Cboe, providing 2X long or inverse daily exposure to Meta Platforms, AXT, Coherent, and Lightwave Logic.
- This expansion broadens the firm's suite of leveraged strategies to meet active traders' demand for both bullish and bearish views on prominent technology and optic materials stocks.
- The new funds bring Tradr's total product line to 83 leveraged ETFs, offering sophisticated investors precision tools designed for short-term trading without margin or options complexities.