|Bid||0.00 x N/A|
|Ask||0.00 x N/A|
|Day's range||100.76 - 103.31|
|52-week range||100.76 - 179.04|
|Beta (5Y monthly)||0.96|
|PE ratio (TTM)||29.96|
|Earnings date||16 Mar 2022 - 21 Mar 2022|
|Forward dividend & yield||1.22 (1.09%)|
|Ex-dividend date||01 Jun 2022|
|1y target est||N/A|
Yahoo Finance's Ines Ferre joins the Live show to break down how stocks are moving in early trading.
The Federal Reserve's intention to hike interest rates in order to curb inflation is sparking fears of a recession, and this is hurting investor portfolios. One business that is still thriving, Lululemon (NASDAQ: LULU), is down 29% this year. For starters, Lululemon continues to benefit from strong momentum even as other businesses experience sharp slowdowns in the face of a weakening economy.
The stock market is swooning these days. The Dow Jones Industrial Average (DJINDICES: ^DJI) market index is down 13% year to date as investors weigh the long-term impact of the government's various measures to slow down surging inflation. For example, Walt Disney (NYSE: DIS) is down 38%, Nike (NYSE: NKE) has lost 34%, and Cisco Systems (NASDAQ: CSCO) investors have taken a 31% haircut.