Several stocks experienced a decline in the afternoon session following a sharp drop in U.S. consumer confidence. The Conference Board reported a decrease in the consumer confidence index to 94.2, the lowest since April, due to concerns about inflation and a weakening job market. This data is worrisome for companies relying on discretionary spending. Upwork’s stock was impacted, with recent positive analyst commentary pushing the price up. Upwork is up 14% this year, trading close to its 52-week high. Investors can explore potential opportunities in the enterprise software sector leveraging generative AI capabilities.

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