2 Key Stocks Could Crush the Market's Hopes Wednesday
The stock market looked poised to open mixed on Wednesday morning, as investors once again tried to balance the bullish and bearish factors at play on Wall Street. As of 7 a.m. EDT, futures on the Dow Jones Industrial Average (DJINDICES: ^DJI) were down 18 points to 35,073. S&P 500 (SNPINDEX: ^GSPC) futures fell 2 points to 4,518, and Nasdaq Composite (NASDAQINDEX: ^IXIC) futures dropped 10 points to 15,665.79.
Unfortunately, downward moves from a couple of stocks in different areas could weigh on the market on Wednesday. Both UiPath (NYSE: PATH) and Coty (NYSE: COTY) were down sharply in premarket trading, and their combined negativity could eat away at some of the bullishness that's been pervasive in the investing community lately.
Shares of UiPath traded down 8% in pre-market trading Wednesday morning. The enterprise automation software company reported solid results, but they weren't enough to make investors happy.
Source Fool.com
