Akamai Leads Losses Amid Broad Market Selloff | Global News Avenue

Major U.S. stock indexes fell, ending a week of shortened vacations. The market recovered from record levels as traders responded to huge economic data and earnings forecasts.

this S&P 500 Falling 1.7% Loss for the second consecutive dayafter reaching record heights in the previous two conferences. this Dow Jones Industrial Average also fell by 1.7%, while Nasdaq 2.2%. All three major market indices fell in the week after the two-day sell-off.

Stocks fell on Friday as a series of economic data issued confidence in the market. Existing home sales The decline exceeded expectations, while inflation problems affected consumer sentiment.

Shares Cloud service provider Akamai Technologies ((My brother) Most of the S&P 500 indexes, down 21.7%. The company reported quarterly results that met or exceeded analyst expectations, but its 2025 revenue outlook Short. While the company has proposed an ambitious long-term revenue target of 10%, service revenue is expected to fall by 10% this year, raising questions about whether tech companies can provide near-term growth.

The old ruling freight line of transport giants (ODL) Concerns about Amazon fell 8.5% (Amzn) Efforts to expand freight transport may reduce demand for their services.

Nuclear energy providers have also seen their stocks drop before federal energy regulators say they will allow electricity providers to set up facilities in data centers. Investors are concerned that delays in regulatory certainty may prevent certain companies from signing deals now. GE Vernova (GEV) dropped by 8.8%, while the constellation energy (Branches) fell 8.1%, Vistara (vst) Stocks fell 7.8%.

UnitedHealth Group(Unh) Shares fell 7.2% in the report, and the Justice Department is investigating whether health insurance providers are Overdiagnosis conditions Get extra expenses from it Medicare Advantage Program. UnitedHealth brought losses to the Dow Jones Index.

Shares of Covid-Vaccine Maker Moderna (mRNAIt is reported that it has jumped 5.3% in the S&P 500 after the new coronavirus was found in bats in China. The rebound was followed by a decline in the previous session More than expected losses Regarding weak demand for vaccines.

Tylenol Maker Kenvue (Kive) Reports that a consumer healthcare company may be a Take over the target.

Stocks for food manufacturers and other consumers are getting higher and higher as traders look for safe ways to play in a wide range of market sell-offs. Hershey’s shares (HSY) is higher than 4.1%, while the Conagra brand (CAG), Nabisco Parents International (Mondelez International) (MDLZ), soup seller Campbell (CPB) and cereal manufacturer General Mill (GIS) is also higher. Jack DanielsBF.B) also increased by 3.5%.