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S&P 500 PAUSES AFTER RECENT GAINS AS INVESTORS ASSESS RATE PATH

  • NEWS Desk Global
  • May 8, 2024
  • 1 min read



On Wednesday, the benchmark S&P 500 remained largely unchanged, taking a breather after a recent rally as investors evaluated the U.S. monetary policy outlook. Meanwhile, Uber's shares experienced a notable decline following a downbeat forecast.

Uber (UBER.N) saw a drop of nearly 9%, emerging as the most significant decliner on the S&P 500. The ride-hailing platform forecasted second-quarter gross bookings below expectations and reported a surprise first-quarter loss.

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