CE 100 Index Loses 2.4% as Peloton Offsets Chipmaker Momentum

Coming into the holiday-shortened trading week, the CE 100 Index lost 2.4%.  All pillars posted declines for the week that ended May 24.

Peloton helped bring the “Be Well” pillar down by 4.5%. The stock’s 19.6% loss came as the company announced a private offering of $275 million aggregate principal amount of convertible senior notes due 2029.  The company also said it would enter into a $1 billion five-year term loan facility and a $100 million five-year revolving credit facility.