INCY - Facebook Incyte Fall Despite the Nasdaq's Strong Wednesday Start
The stock market got off to a strong start on Wednesday, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) benefited from more positive sentiment on Wall Street. As of 10 a.m. EDT, the Nasdaq was up more than half a percent, continuing to claw back some of the ground it lost in Monday's large sell-off.
However, not every stock in the Nasdaq contributed to the market rally. Both Facebook (NASDAQ: FB) and Incyte (NASDAQ: INCY) moved lower on Wednesday morning, reacting to news items that for one of the companies seemed more positive than problematic. Below, we'll look at both stocks to see why they're missing the Nasdaq's rally and whether investors should expect more setbacks ahead.
Image source: Getty Images.
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Facebook, Incyte Fall Despite the Nasdaq's Strong Wednesday Start