In the aftermath of two consecutive years with the S&P 500 rising more than 20%, investors should be mindful that time tends to smooth out performance and the index is influenced by market capitalization. This means that even as some stocks within the index may falter, the gains of large companies can buoy the overall performance of the S&P 500.
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Why Shares in Novo Nordisk Lost Weight Today
Shares of Denmark's pharmaceutical company Novo Nordisk (NYSE: NVO) fell by 4% following the termination of its partnership with telehealth firm Hims & Hers, which Novo Nordisk accused of illegal practices and deceptive marketing. Hims & Hers CEO Andrew Dudum is preparing a response to the allegations made against the company. Explain It To Me Like I'm 5: Shares of Novo Nordisk, a big medicine company from Denmark, dropped 4% because they ended a partnership...
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