HelloFresh SE HFG

Investing.com -- HelloFresh shares fell as much as 14.5% on Friday after the German meal-kit company issued its second profit warning of the year, with analysts questioning management’s execution after a sharper-than-planned cut in marketing spending hurt customer acquisition.

The Nasdaq Composite was also flat, ending 0.01% in the green. Yields for the 10-year Treasury were lingering at their highest level since 2007, while yields for the 7-year note reached their highest level since 2009. Several factors were driving yields higher, including rising oil prices, the anticipation of more hawkish Fed policy, and weak demand at yesterday’s Treasury auction, notes Angelo Kourkafas, senior global strategist, investment strategy, at Edward Jones.