Seer Inc
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Company profile

Seer, Inc. is a life sciences technology company. The Company enables scientific outcomes by commercializing products for researchers to unlock biological information. Its initial product, the Proteograph Product Suite (Proteograph), uses its engineered nanoparticle (NP) technology to provide access across the proteome. Its Proteograph Product Suite is comprised of consumables, an automation instrument and software. Its Proteograph provides a workflow, which enables proteomic profiling and the analysis of samples needed to characterize the nature of the proteome. The Company’s Proteograph consumables consist of its NP panel and other consumables necessary to assay samples on its SP100 automation instrument. Its SP100 automation instrument is custom-configured liquid handling workstation. The Company's Proteograph Instrument Control Software (PICS) for the SP100 instrument is fixed and designed to its specified workflow.

Closing Price
$25.17
Day's Change
0.00 (0.00%)
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B/A Size
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Volume
(Light)
Volume:
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10-day average volume:
517,492
0

U.S. stocks end mostly higher as tech shares recover, but Disney fall weighs on Dow

5:04 pm ET November 11, 2021 (MarketWatch)
Print

By Clive McKeef and William Watts

Sharp fall for Disney stock weighs on Dow Jones Industrial Average

U.S. stocks finished mostly higher Thursday, led by technology shares, after a jump in bond yields in response to inflation data on Wednesday took the market down, but the S&P 500 still looks on track for its first loss in six weeks.

The S&P 500 and Nasdaq recovered partially from two days of falls as chipmakers led gains, but losses in Walt Disney due to slowing subscriber growth in its streaming video service weighed on the Dow.

How did stock index perform?

On Wednesday, the Dow Jones Industrial Average fell 240 points, or 0.7%, while the S&P 500 fell 0.8% and the Nasdaq Composite slumped 1.7%.

What drove the market?

Stocks staged a modest recovery on Thursday after Wednesday's tumble, sparked by a jump in Treasury yields in the wake of data showing annual inflation climbed 6.2%, a more-than-three-decade high. The data ignited fears the Federal Reserve may have to act faster and more aggressively to rein in inflation, with investors fleeing into gold, the dollar and cryptocurrencies.

"The US inflation data on Wednesday was a massive blow, there's no doubt about it," said Craig Erlam, Senior Market Analyst, UK & EMEA, at OANDA. "Combined with the jobs report on Friday and the employment cost index the week before, it paints a picture of an economy running hot and with widespread price pressures."

However, tech names recovered some ground Thursday with Nvidia (NVDA) , AMD (AMD) , Alphabet (GOOGL)(GOOGL) and Facebook (FB) gaining, with the Treasury market closed in observance of Veterans Day which also meant no economic data was published.

Major stock indexes remain near all-time highs after a third-quarter earnings season that saw companies preserve profit margins in the face of rising input costs. Rising inflation pressures are blamed in part on supply bottlenecks exacerbated by surging demand for goods following the pandemic-induced global economic shutdown.

A key question looms over consumers' ability to keep spending in the face of rising prices for energy and food, said Keith Buchanan, portfolio manager at Globalt, in a phone interview.

"When we get to the week after Christmas and look back at the holiday season, the trends we saw will speak to what we can expect going forward for a big part of our economy," Buchanan said.

See:Hot inflation undercuts one of the main arguments against stocks, strategist says

A sharp fall for shares of Walt Disney Co.(DIS) weighed on the Dow on Thursday. Shares of the entertainment conglomerate were down after it disappointed on theme park revenue and subscriber numbers for its Disney+ streaming service.

See: Why the hottest inflation in 3 decades isn't rattling stock-market bulls

-Clive McKeef

What companies were in focus?

How did other assets trade?

	

(END) Dow Jones Newswires

November 11, 2021 17:04 ET (22:04 GMT)

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