Nasdaq Leads Stock Market Sell-Off That Flashes 3 Warning Signs [Investor's Business Daily]
Coherent Corp. 6.00% Series A Mandatory Convertible Preferred Stock (IIVI)
Last coherent corp. 6.00% series a mandatory convertible preferred stock earnings: 2/10 04:05 pm
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Source: Investors Business Daily
Related news A promising rally was quickly fading Friday as the Nasdaq composite led a broad stock market sell-off. The technology-heavy Nasdaq plunged 2.4% in late afternoon trading as multiple software industry groups, internet companies and biotechs fell sharply. The S&P 500 lost 1.1% but held above the 200-day moving average. The Dow Jones industrial average fell 0.9% and was trying to hold above the 50-day line. Small caps were routed as well, with the Russell 2000 down a steep 2.4%. Volume was tracking higher on the NYSE and lower on the Nasdaq compared with the same time Thursday. Losers led winners by more than 13 to 5 on the NYSE and by nearly 4 to 1 on the Nasdaq. Friday's sell-off cost the Nasdaq composite all gains from Wednesday, when the market made a bullish follow-through . That was one bad sign. Another was that the Nasdaq went back down below the 200-day moving average. A third bad sign was the higher volume on the NYSE, which indicated that institutional investors s
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