From Yahoo Finance: 2025-04-16 23:18:00

Stock market indices fell sharply on Wednesday after Federal Chairman Powell’s bearish comments on the US economy. The Nasdaq dropped 3.07%, S&P 500 declined by 2.24%, and Dow Jones was down by 1.73%. Stocks with $2 billion market cap and $5 million trading volume were considered for the list of declining stocks.

Interpublic Group of Companies, Inc. (IPG) saw a 7.44% drop on Wednesday to $23.27 amid lower advertising spending expectations. IPG traded lower due to market uncertainties from US-China trade tensions, pending merger with OMC, and expectations of cost synergies after acquisition. IPG ranks 6th on the list of declining stocks.

Overall, IPG’s share prices declined on Wednesday due to lower advertising spending expectations and market uncertainties from trade tensions and pending merger with OMC. The merger is expected to generate annual cost synergies of $750 million and close in the second half of 2025. IPG ranks 6th on the list of declining stocks.



Read more at Yahoo Finance: Why The Interpublic Group of Companies, Inc. (IPG) Declined on Wednesday