More worries about inflation and interest rates staying high knocked U.S. stocks lower on Tuesday as the market closed out its worst month since September. The Standard & Poor's 500 tumbled 1.6% to cement its first losing month in the last six. Its momentum slammed into reverse in April, falling as much as 5.5% at one point, after setting a record at the end of March. The Dow Jones industrial average dropped 570 points, or 1.5%, and the Nasdaq composite lost 2%.
3% after it reported weaker results and revenue for the latest quarter than analysts expected. F5 dropped 9.2% despite reporting a better profit than expected. Its revenue fell short of forecasts, and it said customers were remaining cautious and forecasting largely flat IT budgets for the year. McDonald’s slipped 0.2% after its profit for the latest quarter came up just shy of analysts’ expectations.
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Source: latimes - 🏆 11. / 82 Read more »