Why Equifax Stock Is Falling Today

The company is tempering expectations for the quarters to come.Credit rating service Equifax (EFX -4.88%) is feeling the brunt of "higher for longer," warning that if rates remain high its results are likely to suffer. Investors are cashing out, sending shares down 10% as of 11 a.m. ET.Credit demand is under pressureEquifax is a financial data analytics company best known as one of the primary providers of consumer credit scores. Yesterday, it reported its financial results for the first quarter of 2024. Th ...