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Trump-Biden Debate Fallout: Nike Stock Plummets, Walgreens to Close Stores

2024-06-29 20:53:29.626000

Investors continue to digest the fallout from the Trump-Biden debate as the future of the White House hangs in the balance. U.S. stocks concluded a mixed quarter, with the Nasdaq Composite rising over 8% for the second quarter, while the S&P gained 4% and the Dow Jones Industrial Average shed over 1%. Nike experienced its worst drop ever after the company cut its 2025 outlook, causing its stock to plummet. Walgreens and Rite Aid announced plans to close a "significant" number of stores in the United States. Meanwhile, demand for weight-loss drugs is high, prompting Novo Nordisk to invest $4.1 billion in building a new factory in the U.S. [6fc5c56c] [7ee2248a]

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