The company projected 2025 net income between $4.7 billion and $5.5 billion, compared with its prior earnings forecast between $5 billion and $5.5 billion.
For the second quarter, Uber projects gross bookings between $45.75 billion and $47.25 billion, representing 16% to 20% growth year over year on a constant currency basis.
Utility stocks hit new highs amid trade policy uncertainty, with Utilities Select Sector SPDR Fund up 6.3% YTD. Constellation Energy Corp. jumps 11.87%.
Wall Street kicked off the week with a cautious tone, as major stock indices hovered near the flatline by midday in New York. Investors digested fresh signs of inflationary pressure in the services sector, raising doubts about near-term rate cuts and weighing on risk appetite.
Prices broke down on Monday, reversed on Tuesday, and ultimately ended the week strong. In addition, new NYSE 52-week lows have remained at relatively harmless levels for about two weeks.
