Editor: Peter Nurse
Didi Global (NYSE: DIDI) fell 5.7%. The stock tumbled for a fourth day, amid alarms about Chinese authorities’ growing pressure on local tech companies. E-commerce giant Alibaba(NYSE: FATHER) 2.6% and Baidu (NASDAQ: BIDU) fell 3.8%.
CSX (NASDAQ: CSX) 1.1% Canadian Pacific(NYSE: CP) stock 1.9%, Norfolk Southern(NYSE: NSC) lost 2%. The Wall Street Journal said the Biden administration aims to address the competitive pricing and consolidation felt in the rail industries. Kansas City Southern (NYSE: KSU) which is in the takeover battle for Canadian National Railway(NYSE: CNI) rose 0.5%.
Carnival (NYSE: CUK) 5.1% Royal Caribbean(NYSE: RCL) 2.8% and Norwegian Cruise Line (NYSE: NCLH) depreciated by 3.7%. It is feared that the spreading delta variant of Covid-19 will delay the full opening in the industry.
United Airlines (NASDAQ: UAL) 3.1% American Airlines (NASDAQ: AAL) 3% and Delta Air Lines (NYSE: ARM) also lost 2.2% due to the effects of increasing events.
Alphabet (NASDAQ: GOOGL) was down 1.7%. Many states have sued the Google-owned company, accusing it of operating an illegal monopoly with the Google Play app store.
WD-40 Company(NASDAQ: WDFC) rose 5.2%. The chemical company raised its full-year revenue claim, marking a strong third quarter.
Gan Ltd(NASDAQ: GAN) earned 11% interest. The online gaming company posted strong preliminary numbers for the second quarter, raising its revenue guidance for the full year.
DR Horton (NYSE: DHI) lost 2.1%. RBC downgraded the company from ‘outstanding performance’ to ‘industry level’, saying it was due to the slowdown in the market.
Charles Schwab(NYSE: SCHW) decreased by 3.7%. Goldman Sachs (NYSE: GS downgraded the financial services company from ‘buy’ to ‘neutral’, saying the increase was finite after the last personal trade.
Coinbase Global(NASDAQ: COIN) lost 5.4%. The cryptocurrency exchange felt the impact of the 6% drop in bitcoin.