Stocks took a moderate dip yesterday as investors are tightening up waiting for both new inflation data to be presented and for repercussions related to the debt ceiling stalemate. No progress on the butting heads in D.C., but inflation data shows that prices rose as expected. While prices rose, economists believe we are on track with annual inflation hovering around 5%.
Market snapshot as of yesterday’s close:
Airbnb took a slide after the company issued a less-than-optimistic forecast for the second quarter. The stock fell about 13% in premarket trading. For more details, check out our news page.
While it isn’t one of the big guys, PCTEL,Inc. (Nasdaq:PCTI) but its performance is commendable. As an industrial Internet of Things (IoT) devices manufacturing company, it has achieved a gain of over 8% in share price this year. Additionally, it offers investors an attractive yield of 4.6%. A more in-depth analysis is available for you on our website.
You know the drill, investing always comes with some level of risk, so make sure to do your research and consult with a financial advisor before making any big decisions. Remember, stay smart, stay informed, and stay invested!