- Shares of 3M Company MMM slumped 5.7% and became the biggest drag on the Dow Jones index, after the company warned of a slow growth environment in 2024 and gave a bleak forecast for its consumer and electronics segments for the rest of 2023.
- Shares of Cracker Barrel Old Country Store, Inc. CBRL fell 3% after reporting fourth-quarter 2023 revenues of $836.7 million, missing the Zacks Consensus Estimate of $842.6 million.
- American Electric Power Company, Inc.’s AEP shares jumped 1.9%, with utilities emerging as the biggest gainers of the day.
- Shares of Apple Inc. AAPL slid a further 1.2%, continuing to fall for a second consecutive day after unveiling new iPhone models while not increasing the price range.
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