Stocks were lower Tuesday as strong economic data continued to cast doubts on whether the Federal Reserve can slow down its pace of interest rate hikes. Vivint Smart Home (ticker: VVNT) soared 32% after it was announced that NRG Energy (NRG) would be buying the company in a deal with a total value of $5.2 billion. Sumo Logic (SUMO) raised its fiscal-year sales outlook and the software company forecast an adjusted loss of 35 cents to 36 cents a share, narrower than Wall Street expectations. Read More...
Stocks were lower Tuesday as strong economic data continued to cast doubts on whether the Federal Reserve can slow down its pace of interest rate hikes. Vivint Smart Home (ticker: VVNT) soared 32% after it was announced that NRG Energy (NRG) would be buying the company in a deal with a total value of $5.2 billion. Sumo Logic (SUMO) raised its fiscal-year sales outlook and the software company forecast an adjusted loss of 35 cents to 36 cents a share, narrower than Wall Street expectations.
