Nasdaq Drops as Vaxcyte Soars on Positive Trial Results

The Nasdaq Composite fell by approximately 2% on Tuesday, with Vaxcyte, Inc. (PCVX) leading the gainers after positive Phase 1/2 trial results for its pneumococcal conjugate vaccine candidate. Other notable stock movers included Sable Offshore, Shoals Technologies, Polestar Automotive, Big Tree Cloud, Applied Optoelectronics, Unity Software, BridgeBio Pharma, Montana Technologies, Intchains Group, Keros Therapeutics, XPeng, Vera Therapeutics, Novavax, Bilibili, and The J. M. Smucker Company.

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