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Dow Slips as Fed Day Looms; Uber Stock Surges Following Earnings

May 2, 2023
in Market & News
Reading Time: 3 mins read
A A
Dow Slips as Fed Day Looms; Uber Stock Surges Following Earnings
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Stocks fell early Tuesday, alongside Treasury yields. Benchmarks had held fairly steady Monday, even as the failure of First Republic Bank knocked regional lenders and buoyed JPMorgan, which is picking up most of the pieces.

Uber is racing higher. Corporate heavyweights including Ford and Starbucks are due to report later. But that’s a sideshow compared to Wednesday, when the latest Federal Reserve decision is due.

Yellen Says U.S. Risks June Default Without Debt Ceiling Increase

Jamie Dimon Wins Again in First Republic Deal

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