Stock market today: Indexes slide amid earnings-fueled tech selloff [Yahoo! Finance]
Uber Technologies, Inc. (UBER)
Last uber technologies, inc. earnings: 2/6 04:05 pm
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Source: Yahoo! Finance
Tesla also fell after Reuters reported on a probe of the company's claims about its autopilot capabilities. US stocks slid on Wednesday, led by a sell-off in the tech sector as investors took in weak financials and earnings guidance. Major indexes ticked lower in early-morning trading, with the Nasdaq Composite slumping 0.6%. Uber shares were down about 5% after the rideshare service posted a $654 million loss over the first quarter. Intel dropped 2.5% after the company trimmed its guidance. Tesla shares slumped 3.5% amid reports the Justice Department is looking into the company's claims about its autopilot feature and whether statements about the technology mislead investors. Corporate earnings are doing well overall. The S&P 500 is expected to post at least 7% earnings growth over the first quarter , and 77% of the companies that have reported so far have beat earnings estimates , according to FactSet. Investors, though, remain concerned over the outlook for a recession
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UBER
Earnings
- 5/8/24 - Miss
UBER
Sec Filings
- 5/17/24 - Form 4
- 5/17/24 - Form 144
- 5/15/24 - Form 4
- UBER's page on the SEC website