© Reuters
By Liz Moyer
Investing.com — Stocks fell on Monday as investors awaited the Federal Reserve’s meeting minutes and the consumer price index report later this week. Here are the market movers for Oct.10:
-
Rivian Automotive Inc (NASDAQ:) shares fell 9.8% after the electric vehicle maker announced a recall of nearly all its vehicles, citing a problem in the steering wheel.
-
PPG Industries Inc (NYSE:) shares fell 3.6% after the maker of paints, coatings and other materials warned it would fall short of guidance on third quarter earnings because of weaker demand.
-
Wynn Resorts Limited (NASDAQ:) shares fell 11% as the casino sector feels pressure from new lockdowns in China because of Covid-19 potentially affecting activity in gaming capital Macau. Shares of Las Vegas Sands Corp (NYSE:) also fell 8%, and MGM Resorts International (NYSE:) shares fell 4.6%.
-
Ford Motor Company (NYSE:) shares fell 7% after catching a downgrade from UBS, which said a possible recession could hurt results for the automaker.
- NVIDIA Corporation (NASDAQ:) shares fell 4.5% after U.S. restrictions on chip exports to China. Applied Materials Inc (NASDAQ:) shares fell nearly 5%.
Be the first to comment