on Wednesday, which sent the stock over 4% lower by the end of the trading session.
Worries about that theory playing out only grew louder as the IHS Markit U.S. Manufacturing Purchasing Managers' Index, which tracks the economic well-being of U.S. manufacturers, fell to 50 in July, its lowest level since 2009. "The correlation between these two companies or these two stocks has been quite strong," Matt Maley, chief market strategist at Miller Tabak, said Wednesday on CNBC's
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