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Here's Why Fair Isaac Dropped Monday

TheMotleyFool

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Here's Why Fair Isaac Dropped MondayPhoto, wide shot, wide-angle lens, Investment company, Midday, harsh overhead sunlight, directional sunlightt, photo by Thomas Heaton: https://img.midjourneyapi.xyz/temp/81ff9992-3b90-4de2-ac95-7385f4698b55.png

The stock market had its worst day since 2008 on Monday, with the Dow Jones Industrial Average and S&P 500 index both down by more than 7%. The financial sector was one of the hardest-hit parts of the market, and financial-services company Fair Issac (NYSE: FICO) was no exception. The stock closed down nearly 12% and is nearly 28% below its 52-week high reached just a few weeks ago.

There's no specific company-related news that caused Fair Issac to drop. The financial-services company, best known for its FICO credit scoring model, was mainly dragged down by overall market weakness.

Image source: Getty Images.

Source Fool.com

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