Closing Bell: Constellation Energy Jumps, Biotech Declines, Marvell Technology | Stock Movers
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Today's biggest winners and losers in the stock market. On this episode of Stock Movers: Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Scarlet Fu, Carol Massar and Norah Mulinda - Constellation Energy (CEG) shares are higher on news Google and Constellation Energy announced a long-term deal to bring 890 MW of new nuclear capacity on the PJM grid in Illinois, Pennsylvania and New Jersey. - Biotech stocks took a hit Tuesday, with Vaxcyte, Moderna and Revolution Medicines posting some of the steepest losses. The Medical-Development Biotech industry group toppled, while the revenue-winning biotech group tumbled and the profitable biotechs rose. The end of the year could be a stronger period for biotech stocks, with conferences like the European Society of Medical Oncology meeting giving biopharma companies the chance to present potentially stock-stoking data. - Marvell Technology (MRVL) shares
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