Lower: Peloton subscriber growth slowing, analysts say, amid a wave of lower forecasts (PTON -4.70%)
Reality: Rivian stock plunges after news of Amazon-Stellantis deal (RIVN -11.22%)
Changes: Walmart cuts paid Covid leaves in half, as CDC isolation guidance changes (WMT +1.39%)
Later Today 🕒
Constellation Brands Inc. Earnings (STZ)
Walgreens Boots Alliance Inc. Earnings (WBA)
ConAgra Foods Inc. Earnings (CAG)
Lamb Weston Holdings Inc. Earnings (LW)
Helen of Troy Ltd. Earnings (HELE)
PriceSmart Inc. Earnings (PSMT)
Bed Bath & Beyond Inc. Earnings (BBBY)
7:00 PM IST: Initial Jobless Claims
7:00 PM IST: Trade Deficit
8:30 PM IST: ISM Services Index & Factory Orders
Today’s Market Terminology: Income Bond
An Income Bond is a bond whose payment of interest is contingent on sufficient earnings. These bonds are commonly used during the reorganization of a failed or failing business
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