Dick's Sporting Goods Slumps on Lowered Outlook; Apple Readies Mac Mini Revamp

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3▲1 ▼2Impact / 5
Summary · why it matters

Dick's Sporting Goods shares are plummeting after the retailer lowered its full-year outlook amid weakness at its recently acquired Foot Locker unit. Apple shares are slightly lower as the tech giant prepares to launch a new version of its Mac mini desktop computer for the first time in almost two years, according to people familiar with the matter. SpaceX shares are higher in the premarket after Elon Musk said the company's first AI satellites, powered by Nvidia chips, will initially launch in the fourth quarter of next year and hit significant scale in 2028.

Impact on assets 5

Artificial Intelligence▼
Apple Inc.
AAPL
▼ NegativeTechnologyrelevance

Apple preparing to launch new Mac mini, but shares slightly lower on the news.

Consumer Discretionary▼
Space Economy▲

Off-coverage companies 1

Foot Locker, Inc.i
Private▼ NegativeDemandrelevance

Weakness at Foot Locker unit cited as reason for Dick's lowered outlook.