Bernstein Research Analyst Nikhil Devnani joins Yahoo Finance Live to discuss quarterly earnings for Uber, consumer demand, consumer trends, investor sentiment, and the outlook for Uber in 2023.
The Dow is currently -100 points, the S&P 500 is -20 and the Nasdaq -50 points at this hour.
Wall Street braced for a modest decline Wednesday morning, with stock index futures suggesting a likely drop of up to half a percent for major benchmarks. Investors are still uncertain about the macroeconomic environment and its likely impact on capital markets, and it'll take a while for things to play out and bring more clarity. In the meantime, individual companies are giving their latest financial results, and a pair of stocks in particular got a nice boost Wednesday morning.