Brian Mackey, deputy director of research at Adviser Investments, has the market analysis for Thursday, April 11. Major U.S. stockA financial instrument giving the holder a proportion of the ownership and earnings of a company. 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%
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