Why Molson Coors, Gilead Sciences, and Yum China Holdings Slumped Today

Wall Street had another day of turbulence on Wednesday, with a brief move higher in the early afternoon giving way to losses for most major benchmarks by the end of the session. Market participants had to deal with a lot of different news items during the day, including the decision by the Federal Reserve to leave interest rates unchanged but warn about future inflationary pressures ahead.

Earnings season also continued to have an impact on dozens of companies releasing their latest results, and bad news sent certain individual stocks sharply lower. Molson Coors (NYSE: TAP), Gilead Sciences (NASDAQ: GILD), and Yum China Holdings (NYSE: YUMC)were among the worst performers on the day. Here's why they did so poorly.