Here's why stocks are tanking and what traders are watching today
Yahoo Finance's Jared Blikre and Alexis Christoforous break down the latest market action.
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Uncertainty is the word of the day, in reference to the near-term economic future. Sentiment will hinge on the inflation numbers due out next week. March’s figure rose to 3.5%, and April’s job numbers showed a marked slowing in the labor market; that combination has stoked fears of stagflation. But – corporate earnings from Q1 are beating expectations, and the stock market has taken a turn for the better with the S&P 500 closing just below 5,200 yesterday. Economic strategists are still optimist
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ReutersUber Stocks Drops After Earnings Reveal Surprise Loss. Here’s What Happened.
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