111 Israeli companies trade on U.S. stock exchanges of which only 15 have market capitalization of $2B or more.

Examining the dilemma the market is facing between the seasonality and the end-of-quarter effect.

The Dow Jones Industrial Average is down 295 points at midday, as both the blue-chip index and the S&P 500 Index distance themselves from record levels.

Payment startup dLocal raised $617.65M in its initial public offering, the latest payment company to come public this year. Paymentus (PAY) and Flywire (FLYW​​​​​​​) both started trading last month, with Marqeta also set to go public soon.

Global-e Online opened 3% below its IPO price before trading higher on Wednesday. Shares of the cross-border e-commerce platform rose as much as 1% in their Nasdaq debut, giving Global-e a market capitalization of about $3.6B.