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via finance.yahoo.comMarkets

Lumentum (LITE) downgraded after Wall Street sell-off

FROM THE WIRE · FINANCE.YAHOO.COM

We just published a list of the Analysts Just Sounded the Alarm on These 10 Overhyped Stocks and Lumentum Holdings (NASDAQ:LITE) ranked 9th on this list. Wall Street had a rough week, and the damage came fast. Thursday's sell-off erased $2.3 trillion in market value, pushed the…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishThe downgrade of a tech stock comes amid sharp volatility in the Nasdaq and the chip sector.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Thursday's sell-off erased $2.3 trillion in market value.
  2. 02The Nasdaq entered a correction and the VIX rose 70% to 28.
  3. 03Rate worries grew after October payrolls of 165,000 versus 65,000 expected.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Lumentum Holdings Inc.LITEStock538.59 USDMarket closedtoday +5.67%Negative NASDAQ CompositeINDEX:IXICIndex24,579.42Market closedtoday +1.09%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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