The stock market rally is under pressure, with the 10-year Treasury yield surging to pandemic highs on a more-hawkish Fed. Read More...
Motley Fool
Why MercadoLibre, Coupang, and DoorDash Plunged This Week
Shares of MercadoLibre (NASDAQ: MELI), Coupang (NYSE: CPNG), and DoorDash (NYSE: DASH) all fell hard this week, with these stocks down 14.2%, 12.7%, and 7.8%, respectively, through the end of trading on Thursday. Earlier this week, U.S. Food and Drug Administration (FDA) commissioner Dr. Scott Gottlieb made several media appearances in which he gave good news on omicron. Well, a faster reopening and higher economic growth have come with inflation, at least in recent months.
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