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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