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Why Bausch + Lomb (BLCO) Shares Are Plunging Today
Shares of eyecare company Bausch + Lomb (NYSE:BLCO) fell 6.7% in the morning session after Wells Fargo downgraded the stock's rating from Buy to Hold. The firm cited concerns related to the "voluntary recall" of certain implantable eye lenses reported the previous day.
Why Is Braze (BRZE) Stock Soaring Today
Shares of customer engagement software provider Braze (NASDAQ:BRZE) jumped 14.5% in the pre-market session after the company reported impressive fourth quarter 2024 (fiscal 2025) results with strong growth in customers, enabling it to beat analysts' revenue, EPS, and adjusted operating income estimates. But the shortfall in billings pointed to some softness in near-term sales. Also, a slowdown in net revenue retention, dropping from 117% to 111%, suggested customers were spending more cautiously than before.
Why Amazon (AMZN) Shares Are Sliding Today
Shares of cloud computing and online retail behemoth Amazon (NASDAQ:AMZN) fell 3.9% in the afternoon session after the Bureau of Economic Analysis reported that the Fed's preferred inflation gauge (the Personal Consumption Expenditures (PCE) price index) revealed core inflation came in hotter than expected, fueling fear of stagflation (an economic situation of slow growth and rising prices). Core inflation excludes food and energy prices.