ACB - Hot Stocks: Cannabis stocks jump; ECOL buyout deal; OMC sets high; NEWR ATGE slide

Wall Street recorded another day of gains on Wednesday, adding to Tuesday's advance and continuing the stabilization that has taken place recently after the sharp sell-off in January. The Nasdaq led the charge with a 2% advance, while the S&P 500 climbed about 1.5%. Cannabis stocks were among the notable winners on the session. A well-received earnings report from Canopy Growth (NASDAQ:CGC) sparked a buying spree among Canadian licensed cannabis producers. Tilray (NASDAQ:TLRY), Aurora Cannabis (NASDAQ:ACB) and Cronos (NASDAQ:CRON) all posted notable gains as well. US Ecology (NASDAQ:ECOL) represented another standout performer, expanding its value by about two-thirds after the firm signed a deal to be acquired by Republic Services (NYSE:RSG). Meanwhile, Omnicom (NYSE:OMC) got a boost from its latest quarterly report. The stock posted a double-digit percentage gain and set a fresh 52-week high. Earnings news had the opposite impact on New Relic (NYSE:NEWR) and Adtalem Global Education (NYSE:ATGE).

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Hot Stocks: Cannabis stocks jump; ECOL buyout deal; OMC sets high; NEWR, ATGE slide