Stock investors are debating the pace and series of rate hikes coming down the pike.
On Friday, Goldman Sachs became the latest firm to predict seven rate hikes this year. In earnings news, shares of Under Armour slipped despite raising its outlook after a strong quarter as investors focused on the supply chain warning.
"Given continued uncertainty related to COVID-19, particularly the ongoing and evolving impact on the company's suppliers and logistics providers, there could be further material impacts on Under Armour's full-year business results in 2021, as well as future periods," the company disclosed.
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