Midday Stock Market Update: Tapestry Surges, Capri Plummets

Reported about 1 month ago

In the midday stock market update, the S&P 500 gained 0.27% as Tapestry's stock soared by 14% following a plan to acquire Capri Holdings, which dropped nearly 50% after a federal judge blocked the merger. Meanwhile, Deckers Outdoor rose 11% due to strong earnings, and Spirit Airlines saw an 18% increase after announcing cost-cutting measures. The broader market showed mixed results with the Dow down 0.42%.

Source: YAHOO

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