Why Pinterest Stock Is Sliding Today
Shares of Pinterest (NYSE: PINS) are falling today, down 5.6% as of 11:07 a.m. EDT, after being caught up the broader market's slide on fears of a growing wave of coronavirus infections in the U.S. and Europe. There was no company-specific news out on the stock, but investors may also be getting jittery anticipating its third-quarter earnings report, which is due out after the market closes today.
The sell-off in U.S. stocks follows a sharp decline in Europe, where the Stoxx 50, Europe's best-known blue-chip index, was down 4% in afternoon trading. Cases continue to spike on the continent and a number of companies are taking incremental steps toward another lockdown. France implemented a 9 p.m. curfew in much of the country, and in Germany, Chancellor Angela Merkel is considering closing all bars and restaurants for the month of November.
Image source: Pinterest.
Source Fool.com
