U.S. stocks fell on Tuesday as healthcare companies lost traction and shareholders were on watch for upcoming quarterly reports that are expected to show a dip in corporate earnings. A surge in DuPont’s stock helped keep the Dow Jones industrial average in positive place however the S&P 500 and Nasdaq lost ground, with a sharp drop in biotech stocks. The S&P health index lost 2.2%, the worst performer among the ten major S&P sectors. The sector has been under intense scrutiny over high drug prices.
The Nasdaq biotechnology index lowered about 4%. At one point the index was down 6.6%, set for its biggest intraday drop since August 2011. The S&P 500 index had increased 5.6% over the past five sessions, its best 5-day run since 2011, helped in part by a weak U.S. jobs report that lowered expectations the Federal Reserve will raise interest rates this year. However, many penny stocks like Dolat Ventures Inc (OTCMKTS:DOLV), Vapor Corp (NASDAQ:VPCO), Wee-Cig International Corp (OTCMKTS:WCIG) may not be affected.
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Vapor Corp (NASDAQ:VPCO) develops, markets, and distributes vaporizers, e-liquids, electronic cigarettes, and accessories mainly in the United States and Canada. Its Vaporizers and electronic cigarettes are battery-powered products that allow users to inhale nicotine vapor without smoke, tar, ash, or carbon monoxide. VPCO announced the successful completion of its purchase of an established retail vape store, which is the third vape store acquired following the VPCO recent public offering. Located in Fort Myers, Fla., this represents the 15th “The Vape Store” location.
Wee-Cig International Corp (OTCMKTS:WCIG) is involved in designing, developing, manufacturing, and marketing e-cigarettes and vaporizers across the globe. Its products facilitate consumers to vaporize dried herbs, such as mullein, raspberry leaves, cat nip, and sage, which help people to stop smoking and lower stress, as well as for inflamed or infected lungs.Wee-Cig International Corporation documents that in the past several months the company has released two new vape products, the Wee-True and Wee-Vape as well as a silicon container sold to medical marijuana shopd called the Wee-Blockz. With products like these people invested in the marijuana industry could see potential growth for there own business with the assistance of products like WCIG has to offer.
Dolat Ventures Inc (OTCMKTS:DOLV), Dove Diamonds & Mining was formed to prospect for, mine, extract, cut, polish, buy, sell, export, handle and otherwise deal in diamonds and other precious stones, and metals in Sierra Leone. Announced that it has finished a corporate overhaul and that Millenium Mining LLC its wholly owned subsidiary has signed a joint venture partnership with a private investor to relaunch diamond mining at its mining location near Bo, Sierra Leone. The joint venture will be funded by private funds, for the purpose of dredging, mining, continuing exploration and collecting and selling diamonds, and other deposits and Millenium Mining will put forth its mining license with all landowners in the Tikonko Chiefdom into the joint venture which will create positive attention around the company that potentially can increase trading action.