Twilio (NYSE: TWLO) shareholders had a rough week. The communication services stock fell 14% through Thursday trading, according to data provided by S&P Global Market Intelligence, compared to a 0.8% uptick in the wider market. Wall Street is also concerned that Twilio will have some downbeat comments about the current selling environment in its upcoming earnings report. Read More...
MarketWatch
Why stocks scored a historic bounce after another hot inflation report
Stock-market investors can be forgiven for feeling a little dizzy after a day that saw stocks plunge in reaction to another round of hotter-than-expected inflation data only to surge higher and extend gains into the closing bell. “While I certainly wouldn’t classify this morning’s flush capitulatory, the stock market is dealing with disappointing inflation reports a lot better than a short time ago,” said Mark Arbeter, president of Arbeter Investments LLC, in note. The Dow Jones Industrial Average (DJIA) fell just shy of 550 points, or 1.88%, but ended the day up 827.87 points, or 2.8%, at 30,038.72.
