Feb. 24 at 10:26 PM
Today's Market Recap
⚠️Markets faced a sharp pullback today, with Dow, Nasdaq, and S&P 500 all closing lower as investors reacted to key economic data and global uncertainties.
✅
$AAPL announced a
$500 billion investment in U.S. facilities over the next four years, aiming to create 20,000 jobs and mitigate potential tariffs on Chinese imports.
✅The FDA declared that Novo Nordisk's (NVO) Wegovy and Ozempic shortages have been resolved, leading to a 5% boost in the company's stock. Conversely, Hims & Hers Health (HIMS) saw a decline of over 25%, anticipating reduced demand for compounded alternatives.
✅Salesforce (
$CRM) has entered a
$2.5 billion, seven-year cloud agreement with
$GOOGL to enhance its AI and cloud offerings, challenging
$MSFT market position.
✅Apollo Global Management (
$APO) plans to acquire Bridge Investment Group (
$BRDG) for
$1.5 billion in stock, nearly doubling its real estate assets under management to over
$110 billion.
