Posted 3/22/2024, 7:33:00 PM
Stocks Mixed - Trump's Truth Social SPAC Falls As Apple, Nike, and Lululemon Disappoint, While FedEx and Dow Rally
- Trump's Truth Social merges with SPAC, sending DWAC stock down 12% as Trump stands to gain over $3B
- Apple stock bounces back thanks to talks with Baidu to use AI technology in China
- Nike and Lululemon stocks fall after earnings show lower revenue
- FedEx stock rises on $5B share buyback plan as cost-cutting lifts profits
- Dow Jones remains shy of 40,000 mark, ending week flat after best week of the year
