
U.S. stock market intraday update: Professional Divst Network down 7.71%

Professional Divst Network fell 7.71%; Automatic Data Processing fell 1.98%, with a transaction volume of USD 202 million; Paychex fell 2.18%, with a transaction volume of USD 92.98 million; Dayforce fell 0.78%, with a transaction volume of USD 84.23 million; Paycom Software fell 0.39%, with a market value of USD 12.6 billion
U.S. Stock Market Midday Update
Stocks with High Trading Volume in the Industry
Automatic Data Processing fell 1.98%, with increased trading volume. According to recent important news:
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On September 4, the U.S. August ADP employment data fell short of expectations, with only an increase of 54,000 jobs, while the market expected an increase of 65,000 jobs. This data heightened concerns about a weak labor market, putting pressure on the stock market. Source: ADP Research
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On September 5, C3.ai reported disappointing quarterly earnings, and the new CEO rescinded the full-year performance guidance, leading to further pressure on the stock price. Source: C3.ai Earnings Report
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On September 5, market expectations for a Federal Reserve interest rate cut increased due to clear signs of a cooling job market, causing a shift in investor expectations regarding monetary policy. Source: JP Morgan's expectations for a Federal Reserve interest rate cut increase, leading to heightened market volatility.
Dayforce fell 0.78%, with a trading volume of 84.23 million. According to recent key news:
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On September 5, Kaskela Law LLC announced it would continue investigating the proposed acquisition of Dayforce Inc. to determine whether the transaction structure is fair to the company's investors. This news raised market uncertainty regarding the acquisition, leading to stock price fluctuations.
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No other significant events.
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No other significant events. Market skepticism regarding the acquisition led to stock price fluctuations
