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This Defensive Consumer Stock Fell More Than 2 Meme Stock Darlings Today

·3 min read
This Defensive Consumer Stock Fell More Than 2 Meme Stock Darlings Today
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Wall Street was in a foul mood on Tuesday, and major market benchmarks finished the day with substantial losses. The Dow Jones Industrial Average (DJINDICES: ^DJI) was the best performer on the day despite finishing down more than 500 points, while the Nasdaq Composite (NASDAQINDEX: ^IXIC) had much larger losses on a percentage basis that pushed that index into 10% correction territory. Long-term investors weren't all that shocked to see some popular meme stocks take big hits in the downward-moving market.