Kyle Risdahl
👤 SpeakerAppearances Over Time
Podcast Appearances
Closed at 49,240.
Did the blue chips.
The Nasdaq gave up 336 points.
That is 1.4%.
The S&P 500 dropped 58 points, about 0.8%.
PayPal plummeted today as the company reported lower than expected earnings and, oh, by the by, ousted its CEO.
Analysts say the payment app is popular with people on the lower end of the income scale who've had less purchasing power in this K-shaped economy, as we've talked about.
PayPal tanked 20% block.
The app formerly known as Square dropped 6%.
Shopify down 9.8%.
Dan Ackerman was just talking about PepsiCo's pivot into healthy bars, snack foods, and sodas.
PepsiCo, which sells, as you know, both traditional Doritos and the protein-enhanced kind, whatever, bubbled up 4.9%.
Today, our tribal Coca-Cola gained 2.1%.
Cereal and granola bar King General Mills added 1.9%.
Bond prices went up.
When that happens, the yield goes the other way.
10-year T-note stands at 4.27%.
At the moment, you're listening to Marketplace.