InvestingChannel

Tech stocks gave up their earlier gains and the broader market came under pressure on Friday as Wall Street struggled to shake off fears of rapidly rising rates.
The Dow Jones Industrials tumbled 307.01 points, or 1%, to 31,095.
The S&P 500 forfeited 11.15 points to 3,818.19
The NASDAQ...

Reports Q4 net income ($3.9B), which was impacted by charges related to the IPO, including $2.8B of stock-based compensation expense. Reports Gross Booking Value $5.9B and Nights and Experiences Booked 46.3M. The company said, "Due to our strong financial discipline in 2020, all operating...

From CoStar: STR: US Hotels Nearly Half Full During Week Ending Feb. 20U.S. weekly hotel occupancy reached its highest level since late October, according to STR‘s latest data through Feb. 20.Feb. 14-20, 2021 (percentage change from comparable week in 2020):• Occupancy: 48.1% (-23.8%)• Average...

U.S. stocks fell on Thursday as higher bond yields continued to put pressure on high-growth technology stocks.
The Dow Jones Industrials backtracked 117.66 points to begin Thursday at 31,844.20, from Wednesday’s all-time record close.
The S&P 500 slipped 28.94 points to 3,896.49.
The...

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Joe Weisenthal directed me to a recent speech by Lael Brainard. Here’s one excerpt:

The new framework calls for monetary policy to seek to eliminate shortfalls of employment from its maximum level, in contrast to the previous approach that called for policy to...

New home sales for January were reported at 923,000 on a seasonally adjusted annual rate basis (SAAR). Sales for the previous three months were revised up.This was well above consensus expectations for January. Clearly low mortgages rates, low existing home supply, and favorable demographics...

From the MBA: Mortgage Applications Decrease in Latest MBA Weekly SurveyMortgage applications decreased 11.4 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending February 19, 2021.... The Refinance...

Shares of Workhorse Group (WKHS) have plunged 30%, or $9.23, to $22.11 and been halted for volatility in afternoon trading after the U.S. Postal Service announced it awarded a 10-year contract to Oshkosh Defense (OSK) to manufacture a new generation of U.S.-built postal delivery vehicles that...