Why MercadoLibre's Stock Dropped 18.1% in April

By Motley Fool

One is the across-the-board sell down in growth stocks as the Federal Reserve sounded its hawkish stance, intending to rapidly raise interest rates to combat inflation that's hovering at a four-decade high. With the Nasdaq Composite Index falling by 13.3% last month, it's no surprise that a wide swath of stocks on the index would suffer from bearish sentiment. MercadoLibre continues to impress with the release of its 2022 first-quarter earnings report.

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Via:: Sports Headlines


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