Shares of Uber and Lyft are trading lower amid overall market weakness as rising yields pressure growth stocks.
Portfolio Pulse from Benzinga Newsdesk
Shares of Uber and Lyft are trading lower due to overall market weakness and rising yields pressuring growth stocks.
October 18, 2023 | 7:56 pm
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NEGATIVE IMPACT
Lyft's stock is trading lower due to overall market weakness and rising yields.
Lyft's stock is being negatively impacted by the overall market weakness and rising yields, which are pressuring growth stocks. As a growth stock, Lyft is particularly susceptible to these market conditions.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Uber's stock is trading lower due to overall market weakness and rising yields.
Uber's stock is being negatively impacted by the overall market weakness and rising yields, which are pressuring growth stocks. As a growth stock, Uber is particularly susceptible to these market conditions.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100