Stocks Mixed on Hot Inflation Data; Lyft Clarifies Outlook; Bezos Sells More Amazon Shares
-
U.S. stock futures edge higher after Wall Street declines due to hotter than expected inflation data that lowered hopes of imminent Fed interest rate cuts.
-
Lyft shares swing after the company initially overstated a 2024 profit margin forecast, later clarifying the actual outlook is less optimistic.
-
Sony confirms plans to list its financial services division next year, while retaining a 20% stake, but cuts its PS5 sales forecast for the current year.
-
Amazon founder Jeff Bezos sells another $2 billion in company shares in the past week, bringing his total sales over the period to around $4 billion.
-
Oil prices little changed as traders weigh a large build in U.S. crude inventories against lingering inflation concerns that could keep Fed policy tighter.