Shares of Uber (UBER) slipped nearly 5% yesterday on another big down day for broader markets. Indeed, the market was not happy with the April CPI numbers, which were expected to be lower than the 8.3% posted. Like it or not, inflation has shown signs of peaking. Though it would have been nice to see CPI fall meaningfully below 8%, I don't think there's a lot to complain about, as U.S. 10-year note yields fell below 3%. Though rates retreated, stocks did not. High-multiple growth stocks got pummelled the hardest. Not much can move the needle higher on markets these days.
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Uber Technologies (NYSE:UBER)
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