Grab Stock Falls. Inflation Remains in Focus.
Grab Holdings starts the week lower after a rough stretch, with its Nasdaq shares finishing Friday at $3.34, off 3.47% on the day and down 5.6% from a week earlier. The stock won’t trade again until New York opens Monday; the Nasdaq is still closed for the weekend. Why it matters now: the wave of selling didn’t just hit Grab. On Friday, the Nasdaq Composite sank 4.18% and the S&P 500 fell 2.64%. That snapped a nine-week winning streak. A strong U.S. jobs report stoked new worries that the Federal Reserve may hold rates higher for longer.