Company News for Dec 28, 2022



  • Shares of Southwest Airlines Co.

    LUV

    tumbled 6% after the airline company was forced to cancel 2,800 flights owing to the deadly winter storm.



  • NIO Inc.’s

    NIO

    shares plummeted 8.3% after the electric carmaker cut its fourth-quarter delivery forecast citing the fresh supply-chain crisis owing to the COVID-related restrictions in China.



  • Shares of Baidu, Inc.

    BIDU

    gained 4.4% after China government announced that it has started easing COVID-related restrictions.



  • Shares of Exxon Mobil Corporation

    XOM

    gained 1.4% on the broader energy rally.


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