BKNG is trading at $4164.63 (-3.43%) as of 11:02 AM EST, caught in a broader market sell-off following a strong jobs report that reduced expectations for Federal Reserve rate cuts.
- The S&P 500 and NASDAQ have fallen 0.54% and 1.12%, respectively, as investors recalibrate interest rate outlooks following yesterday's economic data.
- No company-specific news was released today; recent positive catalysts, including a Gordon Haskett upgrade to Buy ($5,440 target) and a Route 66 partnership, are from prior sessions.
- Sentiment remains pressured by lingering concerns over AI integration costs and mixed earnings results seen earlier in the month.