Stocks tumbled Tuesday as recession concerns loomed ahead of the Federal Reserve’s two-day policy-setting meeting.
These stocks were making moves Tuesday:
Shares of
Chegg
(ticker: CHGG) closed down 48% after the online-education company said it has seen a surge in student interest in ChatGPT, and that it was now affecting its growth rate for new customers.
Chegg
said it expects total net revenue in the second quarter in the range of $175 million to $178 million, while analysts had anticipated about $194 million.
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