Celegene getting hammered
The major US stock indices are opening up. Nasdaq lags
- S&P index is up 6 points or 0.24%
- NASDAQ composite is trading above and below the 0 line. It is currently up about 3 points or 0.04%
- The Dow industrial average is up 96 points or 0.41%
Celegene is getting hammered down -$23 or nearly 20% to $96. The drug company reported lower than expected revenues. Last Friday they said they were abandoning two drugs to combat Crohns disease. The stock traded as high at $147 on October 2nd.
Later today, earnings for Microsoft, Amazon, Intel and Alphabet will be released (after the close).
