Cognizant Technology Solutions Corp. stock underperforms Wednesday when compared to competitors – MarketWatch

Shares of Cognizant Technology Solutions Corp. CTSH, -1.45% slid 1.45% to $91.39 Wednesday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index SPX, -0.63% falling 0.63% to 4,602.45 and Dow Jones Industrial Average DJIA, -0.19% falling 0.19% to 35,228.81. The stock’s fall snapped a four-day winning streak. Cognizant Technology Solutions Corp. closed $2.08 below its 52-week high ($93.47), which the company achieved on March 22nd.
The stock underperformed when compared to some of its competitors Wednesday, as Accenture PLC Cl A ACN, -0.65% fell 0.65% to $338.46, International Business Machines Corp. IBM, +0.14% rose 0.14% to $132.13, and Infosys Ltd. ADR INFY, -0.56% fell 0.56% to $24.97. Trading volume (2.2 M) remained 1.0 million below its 50-day average volume of 3.3 M.
Editor’s Note: This story was auto-generated by Automated Insights, an automation technology provider, using data from Dow Jones and FactSet. See our market data terms of use.
Yields on the 10-year Treasury note have spiked through the top line of a downward trend channel tracing back to the mid-1980s, with surging inflation and the Federal Reserve’s reaction to it sparking questions over whether the long-term trend will imminently end, according to a research note from Deutsche Bank.

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