Some things are better left unsaid
Oh this is precious. There really ought to be a law against this or something.
Biotech and Social Media Names Lag
"The key indices have inched down to new lows for the session, while the Russell 2000 (-0.3%) continues trading near its low that was logged about an hour ago.
Similarly, the retreat has pushed the health care sector (-0.7%) back to its session low as biotech stocks weigh. The iShares Nasdaq Biotechnology ETF (IBB 248.73, -3.70) is lower by 1.5% today and down 3.6% since the end of Monday's session.
Yesterday, the biotech group slumped after Fed Chair Yellen pointed to the space as an area where excessive risk taking has taken place. Ms. Yellen also highlighted social media stocks as having stretched valuations, and many of those names trade in the red today. For instance, Pandora Media (P 26.06, -0.54), Twitter (TWTR 37.82, -0.06), and Yelp (YELP 68.45, -0.57) hold losses between 0.2% and 2.0%. "
Biotech and Social Media Names Lag
"The key indices have inched down to new lows for the session, while the Russell 2000 (-0.3%) continues trading near its low that was logged about an hour ago.
Similarly, the retreat has pushed the health care sector (-0.7%) back to its session low as biotech stocks weigh. The iShares Nasdaq Biotechnology ETF (IBB 248.73, -3.70) is lower by 1.5% today and down 3.6% since the end of Monday's session.
Yesterday, the biotech group slumped after Fed Chair Yellen pointed to the space as an area where excessive risk taking has taken place. Ms. Yellen also highlighted social media stocks as having stretched valuations, and many of those names trade in the red today. For instance, Pandora Media (P 26.06, -0.54), Twitter (TWTR 37.82, -0.06), and Yelp (YELP 68.45, -0.57) hold losses between 0.2% and 2.0%. "
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