Landon Capital

Nike slumps after flagging sales decline.

Shares in Nike (NYSE: NKE) shed more than 14% premarket after the sports apparel company told investors that revenue is expected to fall by 10% in the current quarter.

Sales in the ongoing fiscal year are also seen decreasing by a percentage in the mid-single digits.

Trump Media & Technology Group (NASDAQ: DJT) rose over 6% in premarket trading after CNN’s flash poll showed that the Republican candidate has outperformed US President Joe Biden in the first presidential debate.

Infinera (NASDAQ: INFN) stock soared 17% after Nokia (HE: NOKIA) announced plans to buy U.S. optical networking gear maker in a $2.3 billion deal, amid plans to gain from the billions of dollars in investment pouring into data centers to cater to the rise of artificial intelligence.