Skydance Shares Tumble In Technical Adjustment As Inflation, Interest Rate Jitters Roil Markets; Apple Regains $5 Trillion Market Cap

Skydance shares closed down 22% Wednesday to end the session at just over $7 after the company distributed warrants to investors. Apple shares rose but tech stocks and overall markets mostly ended in the red after a worse-than-expected September inflation reading sparked fears of higher interest rates that hit debt-heavy companies particularly hard. Apple saw […]