The US markets retreated from record highs on Monday to close Tuesday?s session lower as a number of companies released Q4 forecasts that fell well short of analysts expectations. Nio tanked 6% yesterday after the China-based EV manufacturer released Q3 results and a forecast for Q4. PayPal tumbled more than 10% yesterday after also disappointing investors with its fourth quarter forecast. Meme-turned real-life product, the Xbox mini-fridge, is being restocked after the game-consoles? complimentary product sold out immediately online.
VIDEO: Nio tumbled 6% on Q4 forecast.
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