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Shares in real estate companies fell on Friday, adding to a massive sell-off the previous day, when bond yields jumped to their highest levels in 16 years after the Federal Reserve signaled that...
Shares of Arm Holdings and Instacart deepened their recent losses on Friday after analysts gave lukewarm ratings to the two companies that recently held highly anticipated initial public offerings. Arm was last down 1.7% at $51.23. Earlier it dipped as low as $50.35, below the $51 price set in its IPO on Sept. 13.
Shares in real estate companies fell on Friday, adding to a massive sell-off the previous day, when bond yields jumped to their highest levels in 16 years after the Federal Reserve signaled that U.S. interest rates would stay high for longer. The S&P 500 real estate index lost 0.7% on Friday after falling 3.5% on Thursday, which was its biggest daily decline since March when the banking sector was in crisis. The U.S. Treasury 10-year yield, fell slightly on Friday, after rising on Thursday to around 4.5%, its highest since 2007.
By Noel Randewich (Reuters) - Shares of Arm Holdings and Instacart deepened their recent losses on Friday after analysts gave lukewarm ratings to the ...
By Caroline Valetkevitch NEW YORK (Reuters) - Marketing automation firm Klaviyo's shares closed well below their first-day high on Wednesday, while a ...