Well-known sports equipment manufacturer Peloton is backing down after warning from US authorities.
The three leading indices are dropping from the record levels they set last week. Here’s what it looked like at its opening on Wall Street:
- The Dow Jones index fell 0.56 percent
- Nasdaq fell 1.23 percent
- Standard & Poor’s 500 fell 0.66 percent
However, it appears to be a content-rich day among individual companies.
Tesla shares fell 2.8 percent. It happens after reports of a fatal accident with a Tesla car this weekend. The accident must have occurred without a driver, one passenger in the passenger seat, and the other in the back seat, he said Wall Street Journal.
Sports equipment manufacturer Peloton Interactive, known as its digital treadmill and bike, is seeing a sharp drop after a warning from US regulators. Peloton shares fell 7.36 percent from the start.
The U.S. Consumer Product Safety Commission on Saturday asked consumers to stop using the company’s tread + tread + if they have children or animals in the home. The warning comes after the death of a child and the injury of several of them, allegedly due to the use of the exercise machine.
The company itself says it is “concerned” about the “one-sided” press release from the audit, which is described as “inaccurate and misleading”.
The company wrote, “There is no reason to stop using Tread +, as long as all warnings and safety instructions are followed,” stressing that children under the age of 16 should never use a treadmill, and that pets and things should be so. .
Coca-Cola’s stake also rose 0.4 percent after the company on Monday delivered a better result than analysts had expected. Meanwhile, it announced that the African business will be listed on the stock exchange within the next 18 months.
In the sports world, shares of Manchester United rose 8.3 per cent. The company that owns the club of the same name has risen up after the club announced that it would participate in the new Europa League. The tournament was met with strong opposition from several quarters.