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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CNBC traders picked Netflix, AbbVie and DocuSign, citing analyst support, strong momentum, breakthrough designations and a 10% FCF yield.
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The Nasdaq 100 fell 1% by midday Wednesday after September CPI topped forecasts, pushing Treasury yields and rate-hike bets higher.
Three sectors are higher and eight are lower in Wednesday's regular session, with defensive sectors holding the top three positions. The leaders are separated rather than clustered, with no single sector pulling away from the group.
AbbVie today announced new findings from the Phase 3 AFFIRM study evaluating a new option for induction treatment with SKYRIZI® (risankizumab-rzaa) in adults with moderately to severely active Crohn's disease (CD).
Alaunos Therapeutics acquired Velaris and raised $350 million to advance clinical therapies for pulmonary arterial hypertension through 2029.
Docusign (DOCU) stock jumped 2%+, approaching its $75 52-week high despite broader tech declines. Expanded Salesforce deal boosts momentum.
Docusign (NASDAQ:DOCU) today announced the next chapter in its more than 20-year partnership with Salesforce (NYSE:CRM). The expanded partnership brings the Docusign Intelligent Agreement Management (IAM) platform