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Pizza chain crashes on Wall Street

» Published: February 24 2025 at 15:39

Pizza chain crashes on Wall Street
Photo: Sunday Alamba/AP/TT

After Friday's sharp decline on the New York Stock Exchange, a certain recovery is now taking place. In the initial trading, the S&P 500 index, like the Dow Jones industrial index, are both up 0.4 percent, while the Nasdaq composite index rises 0.3 percent.

Last week ended on a sour note on Wall Street, where, among other things, the Dow Jones industrial index had its worst trading week since October, with a total decline of 2.5 percent.

In today's trading, a strong price reaction is primarily noticeable for the pizza chain Domino's Pizza, which falls 5.8 percent after reporting a weaker result than expected for the fourth quarter in terms of both sales and earnings per share.

Apple is up 0.4 percent after today's announcement that it will make a massive investment in the USA and, among other things, hire 20,000 new employees.

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By TTThis article has been altered and translated by Sweden Herald
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