With the shares falling more than 3% to close at $135.75 on Thursday, there s limited hope for a rebound, TradingAnalysis.com founder Todd Gordon told CNBC. If we make new lows, it s never good, Gordon said in a Thursday interview with CNBC s Trading Nation after Airbnb broke below the $138 support level he was watching.
Still, with 20% share of the U.S. lodging market, Airbnb is bigger than the top five hotel brands combined and thus positioned well to capitalize on pent-up travel demand, Gordon said. Once this housing market loosens back up, pent-up demand eases, supply chain issues calm, more rooms will become available, he said.
The Dow Jones Industrial Average hit the 10,000 milestone back in 1999, but the 2007/2008 financial crisis erased much of those gains. It wasn t until October 14, 2009, that the Dow closed above the 10,000 mark once more. Since then, a lot has changed.
CNBC s Courtney Reagan took a look back at. Read More.
The dollar fell to its lowest in more than two months on Friday after U.S. jobs data for April came in well below expectations, putting a damper on hopes that a roaring economic recovery would spur higher rates and light a fire under the greenback.
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NEW YORK/LONDON (Reuters) -Commodity prices jumped, the dollar slid to a two-month low and major global equity indexes scaled record peaks on Friday after weak U.S. jobs data for April tamped down fears that a booming economy would spark inflation and higher interest rates.
The data eased worries the Federal Reserve would reduce its massive stimulus program anytime soon and was seen as helping President Joe Biden push through his plans for trillions of dollars in new spending on infrastructure and education.
The yield on the benchmark 10-year U.S. Treasury note slid to a two-month low of 1.469% before rebounding. Gold posted its biggest weekly gain - about 3.5% - since early November and copper shot to a new high, past a record set a decade ago.
The US dollar on Friday fell to its lowest in more than two months after US jobs data for last month came in well below expectations, putting a damper on hopes that a roaring economic recovery would lead to higher rates any time soon.
Nonfarm payrolls last month increased by only 266,000 jobs after rising by 770,000 in March, the US Department of Labor said in its closely watched employment report on Friday.
Economists polled by Reuters had forecast payrolls advancing by 978,000 jobs.
The US dollar was down 0.34 percent at 90.561 against a basket of major currencies, having dropped as