Stock Market Today With IBD

Stocks Reverse Lower After Fed Hikes Rates Again; Uber, ELF, INSP Attract Buyers

Episode Summary

Stocks were volatile after the Federal Reserve, as expected, raised the fed funds rate by another 25 basis points to 5% to 5.25%. But recession concerns are still out there in spades. Buyers pushed Uber higher again after a bullish Q1 report; ELF recovered after an early downdraft, while Inspire Medical jumped on earnings.

Episode Notes

Stocks were volatile after the Federal Reserve, as expected, raised the fed funds rate by another 25 basis points to 5% to 5.25%. But recession concerns are still out there in spades. Buyers pushed Uber higher again after a bullish Q1 report; ELF recovered after an early downdraft, while Inspire Medical jumped on earnings.