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All Eyes on Uber's Second Day of Trading After Debut Flop

Uber shares declined as much as 8.8% in first day of trading
Trump’s trade talk set to dominate sentiment on Monday

Dara Khosrowshahi, chief executive officer of Uber Inc., center, rings the opening bell during the company's IPO on the floor of the New York Stock Exchange on Friday, May 10, 2019. — Dara Khosrowshahi, chief executive officer of Uber Inc., center, rings the opening bell during the company's IPO on the floor of the New York Stock Exchange on Friday, May 10, 2019.
Photographer: Michael Nagle/Bloomberg

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By Carolina Wilson

May 12, 2019 at 6:21 PM UTC

This article is for subscribers only.

Uber’s bruised investors have had the weekend to prep for what looks like a rough Monday for markets, partly because the escalation of President Donald Trump’s tariff spat with China is set to hammer sentiment.

Shares of Uber Technologies Inc. resume trading Monday 7.6% below their offering price after Friday’s flop. Among the factors that buffeted the biggest IPO of the year: a broad stock market selloff in the morning and a weak earnings report posted by Uber’s primary rival, Lyft Inc.