The major indices in the US stock market fell on Thursday’s session with the Nasdaq 100 plunging more than 3% on the back of losses by technology shares.
The Dow Jones closed 0.46% lower while the S&P 500 fell 1.48% at the end of the session.
American sportswear company Nike Inc. on Thursday released its earnings with revenue for the third fiscal quarter rising 3% to $10.36 billion. Net income rose 71% to $1.45 billion.
Global sales fell except in greater China, where a 51% jump in revenue offset other losses.
FedEx on Thursday said its net revenue rose by 23% to $21.5 billion in the third quarter of 2021, compared to the same period of the previous year.
Operating income was reduced in the third quarter by at least $350 million due to severe weather conditions in February.
British Airways Looking to sell HQ
British Airways is considering the sale of its headquarters as part of a plan to allow its head office staff to split their time permanently between home and office working after the pandemic, the Financial Times reported.
The airline has recruited property consultants to evaluate a sale of the complex on the outskirts of Heathrow airport in west London, which houses 2,000 staff, FT cited an internal email.