Markets turn red as traders take risk off the table |
The high-flying, more speculative pockets of the market got crushed today as volatility rose and traders went risk off.
AI trade jitters returned and job numbers from private consulting firm Challenger, Gray, and Christmas that said job cuts in October were the steepest in 22 years spooked the market.
The S&P 500 was off over 1%, the Nasdaq 100 finished nearly 2% lower, and the Russell 2000 dipped roughly 1.6%. Stocks that moved higher: |
— Luke Kawa, Markets Editor & Nia Warfield, Markets Writer |
|
|
Duolingo’s stock is plunging and the company is blaming its slower growth on less “unhinged” posting |
The company intends to spend more on educational app technology, structure its product so it’s less focused on extracting payments, and pay more attention to boosting social media engagement. Read more. |
|
|
Tinder taps AI that can analyze your camera roll to find better matches |
As Tinder’s paid subscriber count dwindles, Match Group wants to fight “swipe fatigue” with new features.
Read more. | |
|
e.l.f Beauty plunges as tariff headwinds wreak havoc on Q2 results, full-year outlook. The beauty company dropped over 35% on poor earnings that showed what happens when 75% of your company’s production comes from China. Read more. |
|
|
Was this email forwarded to you? Don’t miss out on future stories — subscribe to The Wrap and get your daily dose of financial news straight to your inbox.
Craving more insights in your inbox? Subscribe to Chartr and Snacks for quality reads.
We care what you think! If you have any feedback or comments, feel free to reply and let us know your thoughts! |
|
|
Sherwood Media, LLC produces fresh and unique perspectives on topical financial news and is a fully owned subsidiary of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate... See more |
|
|
SHERWOOD MEDIA, LLC, 85 Willow Road, Menlo Park, CA 94025 |
|
|
|
