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By Staff Reporters
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U.S. equities ended the day mixed in a quiet trading session, while the major indexes posted solid losses for the week. Investors sifted through more mixed earnings results, as Expedia Group and Lyft fell well short of the Street’s expectations, with the latter also disappointing with its Q1 guidance, and PayPal Holdings bested forecasts and offered an upbeat outlook.
CITE: https://www.r2library.com/Resource/Title/0826102549
US Markets: After a mixed performance yesterday, all three major indexes ended up down for the week, with both the NASDAQ and the S&P 500 suffering their worst week of the year. News Corp’s stock fell after the company said it plans to cut 1,250 jobs, or about 5% of its workforce, this year.
Economic news remained light, as the lone report showed a better-than-expected increase in consumer sentiment for February.
Treasury yields were mixed, and the U.S. dollar traded to the upside, while crude oil prices rose and gold declined.
Asian and European stocks finished lower as the international markets digested regional data and continued to grapple with the implications of monetary policy tightening.
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Filed under: "Ask-an-Advisor", Alerts Sign-Up, Financial Planning, Investing | Tagged: European stocks, Expedia, gold, Lyft, PAYPAL, stock markets, Treasury yields, us markets |
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