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Stock impact report

Tech stocks follow the market lower as Uber and Lyft drop sharply [TechCrunch Blog]

Uber Technologies, Inc. (UBER) 
Last uber technologies, inc. earnings: 2/6 04:05 pm Check Earnings Report
Company Research Source: TechCrunch Blog
Stocks listed on American exchanges today fell sharply, erasing their Tuesday rebound and adding to their Monday declines. On a day that saw the World Health Organization declare For the first time in over a decade, bears overran Wall Street with the Dow down more than 20%. The Dow Jones Industrial Average (DJIA), S&P 500 and Nasdaq entered a bear market setting records earlier in the year While the Nasdaq is not down as far as the DJIA or S&P 500, some technology stocks suffered sharper declines than the broader market or their larger corporate category. Companies like Uber rising chances of profitability Cloud’s growth cycle isn’t behind us yet Travel hit hard The ride-hailing companies saw shares fall as the market reacted to their vulnerability to the coronavirus. In an effort to get ahead of the spreading virus, Uber announced Wednesday that it may suspend accounts of drivers and passengers who have been exposed to or contract COVID-19. The company also has said it will work to p Show less Read more
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