Market Whiplash Proves It’s A Terrible Time to Miss on Earnings
- Under Armour, Expedia, Uber, Lyft sink after reporting results
- Energy stocks, high-dividend payers among few bright spots
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It’s been a volatile week for U.S. stocks. The selling, then buying, then major selling -- followed by even more selling -- sent indexes back to levels last seen a year ago when the pandemic was still rampaging.
But few groups were punished as harshly as the companies that missed their quarterly earnings expectations.