Shares of Cognizant Technology Solutions Corp. CTSH, -3.22% slipped 3.22% to $87.34 Friday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index SPX, -1.90% falling 1.90% to 4,418.64 and Dow Jones Industrial Average DJIA, -1.43% falling 1.43% to 34,738.06. This was the stock’s second consecutive day of losses. Cognizant Technology Solutions Corp. closed $5.10 below its 52-week high ($92.44), which the company reached on February 10th.
The stock demonstrated a mixed performance when compared to some of its competitors Friday, as Accenture PLC Cl A ACN, -3.86% fell 3.86% to $329.18, International Business Machines Corp. IBM, -0.62% fell 0.62% to $132.69, and Infosys Ltd. ADR INFY, -2.92% fell 2.92% to $22.27. Trading volume (3.4 M) eclipsed its 50-day average volume of 2.9 M.
However you slice it, nothing makes this market sell-off faster than news portending the end of our zero-interest rate environment.
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