At midday trading, General Motors, Ford, and Stellantis have all made headlines; Ford's shares slightly increased, General Motors gained 1%, and Stellantis rose 2%. This follows after the United Auto Workers' targeted strike that began Thursday night at several assembly plants due to the expiration of a key deadline to settle a new labor contract. Planet Fitness' shares, however, dropped 13% after the gym chain's board removed CEO Chris Rondeau, surprising employees close to him. Board member Craig Benson is now the interim CEO. Additionally, Nucor's shares decreased 5% after providing less-than-anticipated guidance for third-quarter earnings and PTC Therapeutics' stock plunged 28.3% after the European Medicines Agency's Committee for Medicinal Products for Human Use delivered a negative opinion for a conversion of conditional to full marketing authorization for a PTC drug. Core & Main's shares retreated more than 3% after announcing a secondary stock offering and Redemption's stock slipped as much as 2% during its second session as a public company. On the other hand, Insulet and Dexcom's shares declined after Bloomberg News reported Thursday afternoon that Apple has chosen a new leader for its team developing a noninvasive blood sugar monitoring device. Additionally, the stock of chip equipment providers ASML Holding, KLA, Lam Research and Applied Materials decreased nearly 4% each after Taiwan Semiconductor asked vendors to delay deliveries due to demand worries. Adobe's value also dropped 4% after its fiscal third-quarter earnings, while Core & Main, Apellis Pharmaceuticals, and Casella Waste Systems' stocks increased following respective upgrades, despite DoorDash's shares falling 3% after MoffettNathanson's downgrade. Finally, Axis Capital's insurance stock proceeded upwards 2.7% and Estée Lauder's cosmetics stock rose nearly 2% due to less bearish outlooks.
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