Shares of NVIDIA Corp. fell 2.77% as the stock market experienced a poor trading session, with the S&P 500 Index dropping 0.28% and the Dow Jones Industrial Average falling 0.51%.
Foot Locker's shares dropped by almost 33% as the shoe retailer reported a decline in quarterly sales due to "consumer softness" and an increase in shoplifting, echoing the challenges faced by other major retailers in the current economic climate.
The Walt Disney Company experienced a 3.91% drop in shares, closing at $82.47 per share, the lowest since 2014, due to a challenging environment and investor predictions of further decline.
HP's shares fell more than 8% after the company released disappointing fiscal third-quarter earnings, with weak PC pricing and concerns over the printing business impacting its outlook.
Consumer-facing companies like Starbucks, Nike, and Target have experienced declines in their stock prices despite the overall gains in the market, but each company has unique strategies in place that make them worth considering as investments.
Shares of Cboe Global Markets Inc. fell by 0.12% as the stock market experienced an overall poor trading session, marking the stock's third consecutive day of losses.
Dollar General's shares dropped after the company warned of declining profits due to rising thefts and weak consumer demand, forcing the company to lower its profit and sales targets for the second time this year.
Shares of Tesla Inc. dropped 5.0% after the company reduced prices in China for the second time in two weeks, despite experiencing overall volatility this year.
Shares of Netflix Inc. fell 0.65% on a rough trading session for the stock market.
Apple shares fell over 2.6% as China plans to extend a ban on iPhone use to state-owned corporations, while Dutch Bros dropped 6% after announcing a public offering of $300 million in shares, and Dave & Buster's shares fell over 3% due to weaker-than-expected earnings.
Apple's stock dropped 7.2% in the week leading up to the iPhone 15 launch, the largest decline ever for an iPhone release, signaling investors' lack of enthusiasm for the company's stagnant growth compared to other S&P 500 companies.
Bank of America's stock fell 0.31% as the overall stock market had a mixed trading session, with the S&P 500 rising and the Dow Jones falling, ending a three-day winning streak.
Shares of Microsoft Corp. fell 2.50% as the stock market experienced a dismal trading session, ending its two-day winning streak.
Shares of Alphabet Inc. Cl A fell 0.51% as the stock market experienced a dismal trading session, although it outperformed some of its competitors.
Starbucks stock is declining due to concerns about its Chinese operations, leading to a downgrade by TD Cowen.
Dollar General shares fall after being downgraded by JPMorgan, Pinterest shares climb following investor day, General Mills beats expectations, Instacart stock drops after IPO, Coty raises outlook, Bausch Health gains on upgrade, and Goldman Sachs plans to sell lending platform Greensky.
Shares of Open Text Corp. fell 0.80% as the Canadian market declined, with the S&P/TSX Composite Index falling 0.02% and the company closing C$8.27 short of its 52-week high.
Starbucks has increased its quarterly dividend by about 7.5%.
Starbucks' status as a "hated stock" due to concerns about its growth prospects in China is deemed a mistake by CNBC's Jim Cramer, who believes the company is not being negatively impacted in the market.
Shares of Tesla Inc. TSLA fell 2.62% to $255.70 as the stock market experienced a poor trading session, with NASDAQ and Dow Jones also declining.
Shares of PVH Corp. dropped 2.06% on a poor trading day, marking the second consecutive day of losses for the stock.
Shares of Sirius XM Holdings Inc. fell 0.49% on a rough trading day, marking the stock's second consecutive day of losses, but outperforming some of its competitors.
Tesla's stock fell after Barclays predicted that the company would fall short of delivery expectations, with analysts forecasting third-quarter deliveries of 455,000 units compared to the consensus forecast of 463,000 units.
Shares of Microsoft Corp. rose 0.17% to $317.54, ending a six-day losing streak, as the broader stock market also experienced positive gains.
Beverage stocks traded weak due to various factors including lower expectations for PepsiCo's upcoming earnings conference due to potential weak volume/share and downtrading pressures.
Shares of Coca-Cola Co. fell 4.1% due to concerns about high interest rates and a slowing job market impacting the U.S. economy.
Tesla's stock fell nearly 1% after the company cut prices on some models and reported third-quarter deliveries that missed market expectations.
Tesla shares fell after the company lowered prices on its Model 3 and Model Y vehicles in the U.S. to boost demand, following lower-than-expected third-quarter deliveries.
Shares of BlackRock drop 2% despite beating profit estimates, as the company signals a focus on acquiring new assets, though net inflows for the quarter decreased and CEO Larry Fink stated that clients are waiting for more market certainty before investing.
Shares of BlackRock fell around 1% despite beating third-quarter profit estimates, as the asset manager's net inflows dropped and it signaled an increased interest in acquisition targets.
Morgan Stanley's third-quarter profits dropped 9% due to a decline in revenue from investment banking and trading, causing disappointment among investors and a decrease in the firm's stock price.
Morgan Stanley's third-quarter profit dropped due to sluggish dealmaking and smaller inflows to the wealth management division, causing shares to sink by 6.5%.
The stock prices of public companies in Minnesota have fallen, with an average decrease of 60% since their initial public offerings, due to an increase in companies going public that shouldn't have, according to experts.
Stocks fell as Treasury yields rose and investors reacted to a speech by Federal Reserve Chair Jerome Powell, with the Dow Jones Industrial Average down 0.75%, the S&P 500 falling 0.9%, and the Nasdaq Composite leading the losses with a nearly 1% drop; in other news, Netflix shares surged more than 16% after the company reported a surge in subscriber numbers and announced plans to raise prices in the US, while Tesla shares fell almost 10% after the company's earnings missed estimates.
Shares of Canopy Growth Corp. dropped 4.11% as the Canadian market experienced a poor trading session, with the company closing below its 52-week high.
