Stock Market Alert - QCOM suffered the same fate as most stocks did on Tuesday, trading down over 5% to close the regular session at $40.25, after the markets in general took an absolute beating. Volume was double the average for QCOM, with over 38 million shares of the stock changing hands, compared to a normal daily average volume of just over 19 million shares traded. QCOM’s fate on Wednesday largely depends on how China’s stock markets react; if there is more freefall in China, expect continued weak American markets on Wednsday.
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