The Dow Jones Industrial Average plummeted more than 350 points in early trading, driven by a decline in consumer sentiment reading. This marks the beginning of a losing week for major stock indexes, including the Nasdaq and S&P 500.
In premarket trading, Celsius shares surged 34% after announcing plans to acquire rival energy drink maker Alani Nu for $1.8 billion. In contrast, Block’s share price fell 7%, as investors were disappointed with the company’s results. Nu Holdings’ stock also dropped by 7%, following disappointing earnings reports that suggested core operating trends are reaching saturation.
Source: https://www.marketwatch.com/livecoverage/stock-market-today-dow-s-p-500-set-for-cautious-start-after-blue-chip-index-s-451-point-skid/card/premarket-movers-celsius-block-nu-holdings-azR7jEjRwDfBLmpRehVi