The stock market closed lower on Thursday, a day after the Federal Reserve held interest rates steady. The drop followed after President Donald Trump called to dismantle Education Department.
Overall, S&P 500 fell 0.2% to 5,663, while NASDAQ was down 0.3% to 17,692.
Tweet of the Day
This is bearish. Slowing spending will hurt GDP growth this year. The stock market is concerned about this. https://t.co/VMOazMs3vk
— David Sharek (@GrowthStockGuy) March 15, 2025
Chart of the Day
Here is the ten-year chart of Booking (BKNG) as of February 24, 2025, when the stock was at $5,049.
Management also highlighted Connected Trip transactions growth of 45% YoY, representing a high single-digit share of Booking.com’s total transactions. Connected Trip is Booking’s platform to book everything for your trip—flights, hotels, cars, and more—making travel planning simple and hassle-free. Meanwhile, Booking’s alternative accommodation grew 19% last quarter, faster than the overall business and now make up 33% of global room bookings.
Everything is looking good, but profits are expected to drop by 14% next quarter because Easter moved from March to April. That shift might bump up room bookings by just 5–7%, overall revenue and profits could take a hit.
BKNG is part of our Conservative Growth Portfolio.
