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Why is Cue Health Inc (HLTH) Stock down?

21 Nov, 2023:

Shares of Cue Health (HLTH) dropped by 10.94% from $0.33 to $0.2939 in the trading on Tuesday, November 21, 2023. The reason why HLTH is down today is due to the broader market movements, especially Nasdaq Composite, including HLTH stock. The S&P 500, Nasdaq Composite, and Dow industrials all closed lower on that day, with technology stocks leading the decline. Nvidia, a significant player in the tech industry, reported another quarter of record sales and a positive outlook for investments in artificial intelligence (AI). However, Nvidia's shares closed lower and exhibited some volatility in after-market trading following the release of its quarterly results. The negative effect of Nvidia on stock market led to a decline in other stocks, including HLTH.

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