DoorDash Shares Slide 5.48% Ahead of Earnings During Fed Minutes Week
DoorDash shares fell 5.48% Friday ahead of its quarterly earnings release during the holiday-shortened week beginning Feb. 16. Investors will get the Fed’s January meeting minutes on Feb. 18, the PCE index, and manufacturing and services PMI readings that could influence DoorDash’s guidance.
1. Share Drop and Upcoming Earnings
DoorDash shares dropped 5.48% on Friday as investors position for the company’s quarterly earnings report scheduled this week. The holiday-shortened week begins Feb. 16 and marks DoorDash as one of 14 major companies reporting results.
2. Packed Economic Calendar This Week
Key releases include the Federal Reserve’s January meeting minutes on Feb. 18, delayed durable goods orders, advanced U.S. trade balance and retail inventories, the PCE index for personal spending, and manufacturing and services PMI readings that could sway investment outlook.