The S&P 500 Index ($SPX) (SPY) this morning is down -0.22%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -0.20%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.41%.
In Friday’s trading session, Wall Street’s major averages ended mixed. Lululemon Athletica (LULU) slumped over -15% and was the top percentage loser on the S&P 500 and Nasdaq 100 after the company provided disappointing Q1 and FY25 guidance. Also, Nike (NKE) slid more than -6% and was the top percentage loser on the Dow after the world’s largest sportswear retailer warned that sales would drop by the low single digits in the first half of fiscal 2025. In addition, Tesla (TSLA) fell over -1% after Bloomberg reported that the automaker had reduced electric car production at its plant in China. On the bullish side, FedEx Corporation (FDX) rose more than +7% and was the top percentage gainer on the S&P 500 after the parcel giant topped quarterly profit estimates and announced a $5 billion stock buyback plan.
