Why stocks are plummeting this earnings season

Why stocks are plummeting this earnings season

Friday, another round of jaw-dropping stock sell-offs after earnings announcements hit the tape, when Roku (ROKU) stock plunged 23% and DraftKings (DKNG) cratered 22% — the second-worst one-day performance for both stocks. Nightmare earnings reactions have been a theme this quarter, as investors seize on concerns over slowing growth prospects for companies over a wide range of industries.

Combined with an increasingly hawkish Federal Reserve and a potential land war in Europe, investors are…


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