The Federal Reserve’s recent reticence to keep up the pace of interest-rate cuts was backed by Friday’s strong labor report that sent the stock market tumbling and yields higher. That throws cold water on investor hopes for a repeat of last year’s stock performance, which saw bank leaders climb 33%, outperforming the broader S&P 500.
Info Edge shares drops 4% despite 22% YoY jump in Q4 net profit; revenue up 16%
Info Edge shares saw a dip on Monday even as the company announced strong financial results. Net profit for the March quarter rose 22 percent