On Wednesday Nike (NKE) stock was up 8.76% adding $10.24 to its stock value and closed at $127.11.
Amidst larger market uncertainty, 2020’s top-performing tech sector witnessed heavy selling leading to a broader market correction. Also with the fears of another lockdown, President Trump said that they won’t be going for the same.
Johnson & Johnson has commenced a phase 3 trial of its one-shot vaccine. The company will recruit a total of 60,000 participants. JNJ stock is in the green.
Tesla CEO announced plans to deliver a cheaper car of $25,000 by 2023. In reaction, Tesla stock continued its way down.
Tesla (TSLA) stock price lost 5.60% yesterday and it is falling today in the pre-market as well.
Following the company’s report, its shares dropped. SFIX stock closed at $31.38 per share yesterday, or 7.95% up. However, in prolonged trade, it lost as much as 16.35% to $26.25.
Nike completely smashed Wall Street estimates by delivering much better than expected results. The company’s digital sales approach has helped it outsmart its competitors and manage to stay alive during these tough times.
The stock market remained upbeat on Tuesday as Fed Chairman Jerome Powell restored confidence among investors assuring the central bank’s support to the economy. Tech stocks continued to remain in charge of the market pullback.
Apple CEO Tim Cook said he is impressed with employees’ effective remote work. But he thinks that workers can return to the office by next year.
According to the series of tweets by Musk, Tesla is largely going to focus on battery cell production, which should take maximum speed in two years.
The United Kingdom is mulling for another round of national lockdown as some medical scientists hinted at necessary measures to arrest the rise in COVID-19 cases. This has caused global investors to reconsider their positions as the road to economic recovery looks longer.
As Apple and Epic Games continue their lawsuits exchange, the game developer recently countered a “false” claim by Apple. AAPL stock is down.
General Electric (GE) shares have seen a massive rise and dump in the past days from the realities of two different events.
On Friday, the S&P 500 index closed 1.12% or 37.54 points down, at 3,319.47. The close was below S&P 500’s 50-day moving average for the first time since April. At the moment of writing, it is even lower, at 3264.41.
In a leaked email from Tesla CEO Elon Musk to company employees, the billionaire CEO has asked to accelerate the deliveries to register another record deliveries in Q3 2020.