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Quantum Computing Stock Update
Quantum Computing (NASDAQ: QUBT) experienced significant volatility this past week, with a share price decline of 3.8%. The S&P 500 fell 2% and the Nasdaq Composite decreased by 2.7% during the same period. After a notable drop earlier in the week, the stock rebounded Friday as investor confidence increased amid indications that the Federal Reserve may cut interest rates next month.
Currently, analysts assign a 69% probability to a December rate cut, up from 44% the previous week. Despite the Friday recovery, Quantum Computing is down approximately 38% year-to-date.
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