down 9.3%. Meanwhile, shares of Visa were up about 1.7% on the day.

In other news, Tesla announced plans to invest $1 billion to build a new electric vehicle and battery plant in Texas. The factory is expected to create around 5,000 jobs.

Apple reported a 33% increase in quarterly revenue, reaching $111.44 billion. The company attributed the growth to strong iPhone sales and increased demand for its services and wearables.

Lastly, Johnson & Johnson announced that its single-dose COVID-19 vaccine has shown promising results in clinical trials, with an overall efficacy rate of 66%. The company plans to seek emergency use authorization from the FDA soon.

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