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Palo Alto Is Leading the Nasdaq Higher, but 1 Biotech Is Getting Crushed Wednesday
The broader stock market has entered an official 10% correction, but for investors focusing on the Nasdaq Composite (NASDAQINDEX: ^IXIC), double-digit declines from recent highs are nothing new. On Wednesday morning, though, Nasdaq investors saw a little light at the end of a long, dark tunnel, with futures on the index rising more than 1% as of 8:30 a.m. ET. There’s even more volatility lurking under the surface of major stock market indexes, with good news celebrated but bad news punished.
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