- Markets: US stocks close lower.
- Blue Apron plunged more than 10% today to a new all-time low of 64 cents a share.
- Sprint soared after getting FCC's endorsement for T-Mobile deal.
Shares fell nearly 3% to $205.36 on Monday. On Sunday evening Wedbush's Dan Ives cut his price target for Tesla, writing: "[With] a code red situation at Tesla, Musk & Co. are expanding into insurance, robotaxis, and other sci-fi projects/endeavors when the company instead should be laser focused on shoring up core demand for Model 3 and simplifying its business model and expense structure in our opinion with headwinds abound."
So unless shareholders approve the reverse stock split, a delisting from the NYSE may be the next ingredient on Blue Apron's menu.
US markets are moving slightly lower at midday:
Smartphone maker Xiaomi's investments in global growth are paying off.
How's the second day going? Not so hot, according to our Paul R. La Monica:
Fears about the US-China trade war rattled Wall Street today, prompting investors to dump tech stocks like Apple.