After starting the day on a negative note, pressured by declines in banking and IT stocks, the benchmarks dragged further as the session progressed and ended the day on a weak note.
Urban stock is trading higher Thursday following the company reporting better-than-expected first-quarter fiscal results on Wednesday after the market closed.
The former Treasury Secretary noted that if demand collapses due to uncertainty, a recession is more likely, but financial conditions could improve as the Fed's easing becomes probable.
US existing home sales dropped 0.5% MoM in April (considerably worse than the +2.0% MoM rise expected), dropping to just 4.00MM sales SAAR, with sales down 3.1% from a year earlier on an unadjusted basis
Avalanche (CRYPTO: AVAX) jumped 8.46% to $25.13 Thursday morning, riding a broader cryptocurrency rally fueled by Bitcoin's surge to a record $111,544.
