North American stocks crater in sharp turnabout after Fed rally [Business News Network (BNN) (Canada)]
Etsy, Inc. (ETSY)
Last etsy, inc. earnings: 2/26 04:05 pm
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Source: Business News Network
Just a day after notching the biggest rally in two years, the S&P 500 tumbled -- with 95 per cent of its companies moving lower. The Nasdaq 100 was on track for one of its sharpest U-turns ever. The tech benchmark plunged about 5 per cent, wiping out its post-Fed gains. The dollar climbed. A selloff in long-end Treasuries pushed the 10-year yield above 3 per cent. Doubts policy makers can arrest runaway prices are rocking markets after Wednesday's relief rally, with the prospect of stagflation unsettling investors. By pushing back on a jumbo-hike of 75 basis points in June, Fed Chair Jerome Powell beat back traders' most-aggressive predictions for interest rates. However, he may also have set the stage for more turbulence. It's still a rocky road ahead, with pivotal economic data and global developments due within days that could seed doubts about the central bank's approach. Comments: “I expected some selloff, but the great puking that's happening, I didn't expect,” said Kim F
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ETSY
Earnings
- 2/21/24 - Miss
ETSY
Sec Filings
- 4/22/24 - Form ARS
- 4/22/24 - Form DEFA14A
- 4/22/24 - Form DEF
- ETSY's page on the SEC website