Pfizer Inc. stock underperforms Wednesday when compared to competitors

Shares of Pfizer Inc. PFE, -0.75% slumped 0.75% to $42.38 Wednesday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index SPX, -0.16% falling 0.16% to 3,991.05 and Dow Jones Industrial Average DJIA, -0.26% falling 0.26% to 33,045.09. This was the stock’s second consecutive day of losses. Pfizer Inc. closed $13.94 short of its 52-week high ($56.32), which the company achieved on April 11th.

S&P 500 notches fourth day of losses as investors weigh Fed minutes, need for higher rates to cool inflation

U.S. stocks finished mostly lower on Wednesday, with the S&P 500 logging its fourth consecutive loss as investors digested the minutes from the Federal Reserve’s most recent policy meeting, which showed a majority of central bank officials agreed on a 25-basis-point rate hike and underlined expectations for rates to continue to rise.

error: Content is protected !!