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It’s time for Yahoo Finance’s Market Minute. US stocks climbing on Friday, but remain on track for weekly losses.
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Wall Street digesting a cooler than expected inflation reading.
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The report is likely to shape expectations for an already complicated Fed policy.
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The moves higher come after a day of heavy selling amid fears of AI disruption.
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And looking at earnings, Expedia Group topped expectations for the fourth quarter.
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The company’s outlook for first quarter sales and gross bookings also topping expectations.
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Yet concerns over AI risks weighing on investors’ minds.
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Shares of DraftKings, they’re also sliding after providing guidance on revenue and adjusted Ebitda that did fall short of Wall Street’s expectations.
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The company noting its guidance ranges reflect expected investment in DraftKings predictions for the fourth quarter of the sports betting company missing analyst estimates for monthly unique payers.
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And that’s your Yahoo Finance Market Minute. Scan the QR code below to track the best and worst performing stocks in the trading session.