Markets closed lower, with AppLovin Corporation, Unity Software Inc., Vimeo, Inc. making yesterday's list of top losers.
A quick update: leading equity indices in the US declined as after dropping 1.44%, S&P 500 closed at 3,941.26. Nasdaq slipped 2% and closed at 11,000.
Meanwhile, United States Unit Labor Costs (QoQ) (Q3) came out at 2.4, while a consensus of analysts was expecting 3.1.
In line with markets falling yesterday, some technology stocks made the list of top losers. Take a look.
Unity Software | Currently down 9.87% at $34.32
Over the last 3 days, Unity Software Inc. has fallen 16.17%. Yesterday's session continued down the same path: after ending Monday at $38.08, Unity Software dropped to $33.65 early in yesterday's session and closed at $34.32. In total, it lost 9.87%. Daily trading volume (16.94 million shares) was slightly greater than the current multiday average of 16.52 million.
Applovin | -13.48% at $11.1
Having set a significant high of $96.47 a day ago, the mobile tech developer is trading 15.59% lower. So far in 2022, it has been doing worse than the Nasdaq by 43.79%. Applovin's market cap currently stands at $3.25 billion with an average daily volume of 4.15 million shares. Applovin is forecasted to generate revenues of $728.19 million and EPS of 9 cents.
Vimeo | Closed yesterday's session at $3.81
Having fallen 22 cents in 4 days, More of the same from yesterday's session: early in yesterday's session, Vimeo dropped to $3.76 from $4.17 at the end of Monday, before closing at $3.81. During the session, it lost 8.63%.