Dow Slides; Bitcoin Soars Above $57K
From Investopedia:
Apple’s stock surged after reports surfaced regarding the cancellation of its Project Titan, an electric vehicle endeavor. Lowe’s exceeded earnings expectations in the fourth quarter but issued a bleak outlook for 2024 due to decreased consumer spending on home improvements. Macy’s announced plans to close 150 stores in a new strategy against activist investor pressure. Cava Group saw a surge in stock value after posting annual profits. Unity Software experienced a drop in share prices after issuing soft guidance for the upcoming quarter. Cruise stocks rallied following strong earnings reports from Norwegian Cruise Line Holdings. Zoom Video shares soared as the company issued upbeat earnings guidance and exceeded analysts’ estimates. In premarket trading, Norwegian Cruise Line Holdings and Zoom Video Communications saw significant gains.
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