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A number of stocks fell in the afternoon session after the April PPI report lifted the 10-year Treasury yield to a 10-month high of 4.49%, eliminating 2026 rate-cut expectations and raising the discount rate for long-duration growth valuations.
MercadoLibre delivers e-commerce and fintech solutions across Latin America, generating over $31 billion in annual revenue.
Airbnb stock wavered and Expedia Group stock slid after the online travel booking companies posted first-quarter results Thursday. Airbnb's earnings came in below estimates while revenue beat. Expedia beat on the top and bottom line while sticking to its prior 2026 guidance.