Why Old and New Industrial Stocks All Crashed Today [The Motley Fool]
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: The Motley Fool
What happened II-VI Incorporated ( NASDAQ:IIVI IPG Photonics NASDAQ:IPGP D Systems NYSE:DDD Nucor NYSE:NUE What do these four stocks have in common? In one way or another, they're all key three-dimensional printing They also got their clocks cleaned in today's early morning stock market rout, as each and every one of these stocks fell 0% -- or more. Image source: Getty Images. So what Why did that happen? Last night, President Trump went on TV to announce a raft of measures aimed at halting the spread of the COVID-9 coronavirus and mitigating its effects on the American economy. Among these: The latter three measures all clearly aim to pump money into the economy, and prevent consumer spending Result: Immediate 0%-plus sell-offs in the morning, which in some cases got worse as noon approached (II-VI, down .8%; D Systems down .%); in one case better (Nucor, down "only" 9%); and in one case, a whole lot Now what Why is IPG Photonics bucking the trend today? That's an excellent quest
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