Stocks Reverse Lower After Fed Hikes Rates Again; Uber, ELF, INSP Attract Buyers
Stocks Reverse Lower After Fed Hikes Rates Again; Uber, ELF, INSP Attract Buyers  
Podcast: Stock Market Today With IBD
Published On: Wed May 03 2023
Description: Stocks were volatile after the Federal Reserve, as expected, raised the fed funds rate by another 25 basis points to 5% to 5.25%. But recession concerns are still out there in spades. Buyers pushed Uber higher again after a bullish Q1 report; ELF recovered after an early downdraft, while Inspire Medical jumped on earnings. Learn more about your ad choices. Visit megaphone.fm/adchoices