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U.S. stocks were mixed and government bonds rose after fresh inflation data this morning showed prices eased slightly in April.
The consumer-price index came in at 4.9%
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Marketwatch:
Airbnb (ABNB): Shares fell 11%
Amazon (AMZN): shares rose 3%
Twilio (TWLO): . Shares stood 17% lower
Rivian (RIVN): shares rose nearly 4%
Virgin Galactic (SPCE): Shares rose 5%
Roblox (RBLX): Stock rose 5%
Electronic Arts (EA): Shares fell 1%#stockstowatch pic.twitter.com/l8SG4keXCt— The_Journalbiz (@the_journalbiz) May 10, 2023
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Airbnb (ABNB): Shares fell 11% after the company released quarterly profit that beat Wall Street’s expectations but said average daily rates were expected to fall in the current quarter.
Amazon.com (AMZN): The tech giant’s shares rose 3% as tech stocks advanced. The stock was on pace for a seventh straight day of gains, its longest such streak since July, according to Dow Jones Market Data.
Twilio (TWLO): The cloud communications company racked up its second straight $1 billion sales quarter, but gave tepid sales guidance. Shares stood about 17% lower
Rivian (RIVN): The electric-vehicle startup reported narrower losses in the first quarter as it slashed spending to conserve cash and stood by its vehicle-production target for the year. Rivian shares rose nearly 4%.
Virgin Galactic (SPCE): Shares rose 5%. The company posted a wider loss for the first quarter of the year.
Roblox (RBLX): The online entertainment company reported quarterly revenue that fell short of expectations, and a larger-than-expected per-share loss. Stock rose more than 5%.
Electronic Arts (EA): The videogame maker reported a rise in quarterly revenue as consumers stuck with its popular FIFA games. Shares fell 1%.
