CNBC's Stocks @ Night newsletter examines the day's market activity and highlights key performers. This edition focuses on U.S. Steel's declining share price, Nike's flat performance despite initial gains, FedEx's post-earnings surge following a spin-off announcement, and the upcoming Nasdaq 100 composition changes.
Stocks @ Night is a daily newsletter delivered after hours, giving you a first look at tomorrow and last look at today. Sign up for free to receive it directly in your inbox. Here's what CNBC TV's producers were watching as the Dow Industrials eked out a gain to end a 10-day string of losses, and what's on the radar for the next session. U.S. Steel CNBC will be watching U.S. Steel shares closely on Friday after they dropped about 4% in after-hours trading.
CNBC's breaking news editor Brianna Bernath reports the company lowered its fourth-quarter guidance, citing low steel prices and higher costs. The stock is down nearly 35% in 2024, and it's off 22% in December. The decline is partly tied to doubt that a proposed buyout from Nippon Steel will go through. Nike After reporting quarterly results on Thursday night, Nike is flat in extended trading. In after hours, the stock initially jumped 9% before falling. Thanks to CNBC desk manager Brad Quick for following the Swoosh. Nike's CFO Matthew Friend — who played baseball at the University of California, Berkeley by the way — said he believes revenue will be down in the next quarter. Shares of Nike are down 37% from the 52-week high notched almost a year ago. The stock is down 1% over the past week. FedEx CNBC TV's Frank Holland will keep covering the stock on Friday. FedEx is up 8% after hours after the company told analysts and investors it will spin off the freight business . FedEx posted adjusted earnings that beat estimates, but it missed on revenue and cut full-year guidance. The stock is up 9% year to date and 12% from the July high. Nasdaq 100 changes CNBC's Bob Pisani will have the details as the make-up of the Nasdaq 100 sees a shift. Palantir Technologies , MicroStrategy and Axon Enterprise will start trading as a part of the Nasdaq 100 on Monday. Palantir is up 332% so far this year. That's a lot. It is 8.3% from the Dec. 9 hig
STOCK MARKET U.S. STEEL NIKE FEDEX NASDAQ 100
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