This article was automatically generated using Dow Jones technology.

Shares of small-cap companies dropped Wednesday, as the Russell 2000 Index fell 0.4%, and the S&P Small Cap 600 Index was down 0.4%.

Among companies with a market value of $1 billion to $6.7 billion, Alignment Healthcare Inc. was the biggest laggard during the session, dropping 16%, followed by shares of Webull Corp. Cl A, which dropped 11%. Shares of Red Cat Holdings Inc. dropped 11%, Pulse Biosciences Inc. shares tumbled 10%, and HighPeak Energy Inc. plunged 8.9%.

Evolution Metals & Technologies Corp. was the best performer, surging 15%, followed by Boost Run Inc. Cl A, which surged 12%. AXT Inc. shares jumped 11%, Arcutis Biotherapeutics Inc. surged 11%, and shares of Cipher Digital Inc. surged 11%.

Major stock indexes in the U.S. ended Wednesday mixed with the Nasdaq Composite Index closing steady. Meanwhile, the S&P 500 Index declined 0.4%, and the Dow Jones Industrial Average dropped 1.2%.

Data source: Dow Jones Market Data, FactSet