U.S. stock markets closed lower for a third session on Wednesday, as losses in technology shares weighed. The Dow index lost 75.70 points, or 0.4 percent, to 17,492.30. The S&P 500 gave up 15.97 points, or 0.8 percent, to 2,047.62. The Nasdaq composite dropped 75.38 points, or 1.5 percent, to 5,022.87, according to AP
Big tech names fell the most. Yahoo slumped 1 percent after saying it would scrap a spinoff of its big stake in Alibaba. Apple and Microsoft also fell about 2 percent each.
Technology is the collection of techniques, skills, methods and processes used in the production of goods or services or in the accomplishment of objectives, such as scientific investigation. Technology can be the knowledge of techniques, processes, etc. or it can be embedded in machines, computers, devices and factories, which can be operated by individuals without detailed knowledge of the workings of such things.
On Wednesday, Shares of Great Basin Scientific Inc (NASDAQ:GBSN), ended its last trade with 7.23% gain, and closed at $0.120.
Great Basin Scientific, Inc. is a molecular diagnostic testing company. The company declared that it held a special meeting of stockholders at which the stockholders approved a reverse stock split of the Company’s common stock at a ratio of between 1 for 50 and 1 for 60 to be selected at the sole discretion of the Company’s board of directors and on a record date to be determined by the board of directors in the near future. On the record date the shares will start trading based on the reverse split ratio, this will also cure the Company’s formerly declared Authorized Share Failure and the Series C Warrants will become exercisable for the following 25 trading days as formerly declared on December 7, 2015. Shareholders did not approve the proposal to improvement the Company’s authorized shares from 200 million to 950 million.
The company’s quarterly earnings growth is 110.50% as contrast to its quarterly revenue growth of 25.00. The performance measured for the month was 87.66% and weekly performance appeared at -13.29%.
The Company is focused on the development and commercialization of its molecular diagnostic platform designed to test for infectious disease. The Company has a commercially available test, a diagnostic test for clostridium difficile (C. diff), which received clearance from the Food and Drug Administration (FDA).
Shares of Ascent Solar Technologies, Inc (NASDAQ:ASTI), decline -1.07% to $0.1750. Ascent Solar Technologies, Inc., a development stage company, designs and manufactures photovoltaic integrated consumer electronics; and portable power applications for commercial and military users. The company offers Surfr, a battery and a solar case for the Apple iPhone 4/4S smart phone, in addition to for the Samsung Galaxy S III smart phone; EnerPlex Kickr, a portable solar charging device; and EnerPlex Jumpr, a portable power bank. It also provides lithium-ion based large format batteries; Commandr XII, a solar charger; and Kickr II+ and IV+ solar products. The company sells its products through its e-commerce Website, goenerplex.com, in addition to through online retailers and distributors. Ascent Solar Technologies, Inc. is headquartered in Thornton, Colorado.
