The New York Stock Exchange's broad S&P 500 index fell 0.2 percent on Wednesday, the day after the index recorded a new record level for the 41st time this year. The Dow Jones industrial index fell 0.7 percent and the technology-heavy Nasdaq composite index closed unchanged.
Stitch Fix, a clothing styling company, fell sharply. The stock plummeted over 39 percent after the company announced that it expects revenue to decrease by 15-17 percent in the current quarter compared to the same period last year. The Stitch Fix stock has fallen from 100 dollars at the start of the covid pandemic to around 2 dollars.
On the other hand, Trump Media & Technology, President candidate Donald Trump's media company, which operates the Truth Social platform, performed well. The stock's development has been affected by concerns that Trump will sell parts of his holding, and since its IPO in March, the value has fallen from 79 to 14 dollars. However, on Wednesday, the stock rose by over 10 percent.
