Uber Files IPO & Amazon Warns of "Multibillion-dollar Failures"

Uber Files IPO

Brian Mackey, deputy director of research at Adviser Investments, has the market analysis for Thursday, April 11. Major U.S. stock indexes remained relatively flat and closed with mixed results. The Dow Jones Industrial Average and NASDAQ fell 0.1% and 0.2%, respectively, and the S&P 500 saw fractional gains. Meanwhile, Uber filed paperwork to launch its IPO with a target valuation of up to $100 billion. The SEC filing showed that the company lost $1.8 billion in 2018. Also making headlines, Amazon CEO Jeff Bezos warned shareholders of the potential for “multibillion-dollar failures” on some company projects. Amazon’s stock closed the day down 0.2%

Recent Videos

View All Videos

Adam Johnson on Cheddar: An Opportunistic View of the Sell-Off

Inflation, Health Tech, And Alcoa’s Strong Q4

Lowell on Fox Business: Traders Looking Beyond Omicron, Inflation

Lowell: The Market Has Immunized Itself Against Fear and Panic

Adviser Investments' logo is a registered trademark of Adviser Investments, LLC.