Major U.S. indices closed lower on Wednesday, with the Dow Jones Industrial Average falling 0.77% to 52,380.66, the S&P 500 declining 0.48% to 7,636.36, and the Nasdaq dropping 0.64% to 26,253.34.
Apple Inc. (NASDAQ: AAPL) closed at $315.34, marking a 0.28% decline. The stock reached an intraday high of $319.15 and a low of $309.90, with a 52-week range between $344.57 and $225.95.
The tech giant recently introduced its first foldable iPhone, the iPhone Duo, at the “Surprise and Shine” event. Apple’s CEO John Ternus emphasized the device’s unique hinge design, ensuring a flat inner screen when opened. The device features a 7.6-inch inner display, up to 44 hours of video playback on the outer screen, Touch ID and Apple Pencil support. iPhone Duo starts at $1,999 with 256GB of storage, with preorders beginning Oct. 16 ahead of its Oct. 23 launch.
Meta Platforms Inc. (NASDAQ: META) saw its shares surge by 6.55%, closing at $653.69. The stock hit a high of $657.86 and a low of $638.56, with a 52-week high of $790.80 and a low of $520.26. The company recently reached an $18 billion settlement with 29 U.S. state attorneys general regarding design features on Instagram and Facebook deemed harmful to younger users.
AeroVironment Inc. (NASDAQ: AVAV) dropped 5.36%, closing at $140.80. The day’s high and low were $150.04 and $139.77, respectively, with a 52-week range of $417.86 to $135.20. In after-hours trading, the stock rose 3.87% to $146.25. The company reported first-quarter fiscal 2027 revenue of $480.49 million, up 6% year over year and above the $456.20 million analyst estimate, while adjusted EPS of 59 cents topped expectations of 24 cents. AeroVironment guided for fiscal 2027 revenue of $2.125 billion-$2.225 billion and affirmed adjusted EPS guidance of $3.02-$3.34.
SUNation Energy Inc. (NASDAQ: SUNE) skyrocketed by 90.30%, closing at $4.51. It reached an intraday high of $4.87 and a low of $2.93, with a 52-week high of $9.45 and a low of $0.68. In extended trading, the stock fell 13.75% to $3.89. The surge followed a major capital raise by its pending merger partner, Suniva, which secured $835 million to expand U.S. solar cell manufacturing.
American Eagle Outfitters Inc. (NYSE: AEO) fell by 1.92%, closing at $16.89. The stock’s high and low for the day were $17.42 and $16.76, respectively, with a 52-week range of $28.46 to $14.06. The stock dropped 10.6% to $15.10 in the after-hours session. The company reported fiscal second-quarter revenue of $1.38 billion, slightly above the $1.37 billion analyst estimate, while EPS of 79 cents beat expectations of 21 cents. Comparable sales rose 6%, led by 25% growth in Aerie and OFFLINE revenue, while a $196 million tariff refund contributed $161 million to second-quarter operating income.
