BTCC
/
BTCC Square
/
Global Cryptocurrency
/
Market Movements: Uber Slips on Robotaxi Rivalry, Workday Jumps on Activist Stake
Market Movements: Uber Slips on Robotaxi Rivalry, Workday Jumps on Activist Stake
22
1
BTCCSquare news:
Uber shares tumbled 5% after Lyft and its autonomous driving partner unveiled plans to launch robotaxi services in Nashville, intensifying competition in the mobility sector. Meanwhile, Workday surged following Elliott Investment Management's disclosure of a significant position in the HR software firm.
The S&P 500 edged down 0.1% as the Federal Reserve cut interest rates by 25 basis points, hinting at further easing ahead. Homebuilder stocks lagged despite the rate cut, with sentiment gauges reflecting persistent sector headwinds.
Nasdaq declined 0.3% while the Dow gained 0.6%, showcasing divergent sector performances. Market participants now weigh the implications of accommodative policy against slowing economic indicators.
By:
