Once the darlings of Wall Street, for-profit education companies have seen their market value plunge to the lowest level in 52 weeks, leaving investors to wonder if the industry would be able to survive in its current form. An index of nine for-profit education companies, the S&P 1500 Education Services Index is down nearly 30 percent for the year.
Stocks are entering the time of year when market gains are historically the lowest and volatility can be the highest.
Shares of Expedia rose more than 8 percent Friday after the company posted an unexpected profit in the first quarter.
Markets are at risk of mild correction
Gilead Sciences fell nearly 8 percent, dragging down the S&P 500’s health care sector.
Patti Domm is CNBC Executive Editor, News, responsible for news coverage of the markets and economy.
A CNBC reporter since 1990, Bob Pisani covers Wall Street from the floor of the New York Stock Exchange.
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