Rush Street Interactive, Inc. Class A RSI

Rush Street Interactive (RSI) dropped 5.1% as rising Treasury yields pressured consumer-facing stocks. Higher borrowing costs are squeezing household budgets and raising questions about how much discretionary cash will reach online casinos and sports betting platforms. For Rush Street Interactive, the latest 7.7% one day share price drop and a 23.7% decline over 90 days mark a clear cooling in momentum, even though the year to date share price return is still up 20.7% and the three year total...

A number of stocks fell in the afternoon session after rising Treasury yields and higher interest rates intensified worries over household finances and discretionary consumption, creating headwind conditions for consumer-facing companies. According to Reuters, as borrowing costs on mortgages, auto loans, and credit cards climb, household budgets are increasingly squeezed, encouraging consumers to prioritize saving and basic necessities over non-essential purchases. In addition, recent economic d