Stocks Plunge: Plug Power, DXP, More Hit Hard
Update: 2025-11-14
Description
On November 14th, several prominent stocks, including Plug Power, DXP, Primoris, Shoals, and nLIGHT, experienced significant drops in the afternoon trading session, with some falling by over ten percent. This widespread decline occurred as the broader U.S. stock market pulled back, particularly in the technology sector, indicating a cautious investor mood. The main reason for this downturn appears to be investors taking profits after a strong market run, leading to a market rotation as money moves out of tech stocks. Additionally, the recent end of a long government shutdown has added to the cautious sentiment, as investors anticipate new economic reports that could impact future interest rate cuts. Among the affected companies, DXPs shares dropped by twelve point seven percent, a notable decrease despite the companys known volatility.
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