Nasdaq 100 Drops 1% on Hot CPI, SOXX Falls 7th Day: Stock Market Today
The Nasdaq 100 fell 1% by midday Wednesday after September CPI topped forecasts, pushing Treasury yields and rate-hike bets higher.
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Goldman Sachs Maintains Buy on Affirm Holdings, Lowers Price Target to $103
Goldman Sachs analyst Will Nance maintains Affirm Holdings (NASDAQ:AFRM) with a Buy and lowers the price target from $115 to $103.
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Shares of banks and financial services companies are trading lower after U.S. core inflation data bolstered the case for more Fed monetary tightening, which may slow lending and limit interest margins. Also, weak Q3 segment results from Bank of America and Morgan Stanley may dent confidence in the broader sector.
TD Cowen Maintains Buy on Affirm Holdings, Lowers Price Target to $110
TD Cowen analyst Moshe Orenbuch maintains Affirm Holdings (NASDAQ:AFRM) with a Buy and lowers the price target from $124 to $110.