– The company is once again approaching a $3 trillion market value, needing to reach $182.86 per share to achieve that milestone. Separately, Apple is closing its 12 New York City stores to indoor traffic due to the spread of the Covid-19 omicron variant. Apple edged higher by 0.3% in premarket action.
– The China-based e-commerce company's stock fell 2.4% in the premarket after cutting its current-quarter revenue guidance. Vipshop cited its"latest view on the market and operational conditions" without being specific, but a Jefferies report said warmer weather and an increase in Covid-19 cases likely dented consumer demand.
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