Stocks Performance and Earnings Reports
This event focuses on the performance of various stocks and the release of earnings reports. FedEx announced the spin-off of its freight-trucking division, leading to a 7.5% rally in shares. Nike reported a decline in sales and profit, with warnings of further revenue decline. U.S. Steel cut quarterly earnings guidance due to weak European demand. Occidental Petroleum and Sirius XM saw a rally in shares after Berkshire Hathaway raised its stakes in them. Other stocks mentioned include Carnival, BlackBerry, Tesla, Micron, and Mission Produce.