Market Updates
Movers: 3M, Alphabet, Carnival, FedEx, Meta, Nutanix, Tesla
Scott Peters
23 Dec, 2022
New York City
Parcel delivery companies were in focus after FedEx and UPS warned that holiday deliveries could arrive late because of severe and inclement weather coast-to-coast.
FedEx increased 1.7% to $177.12 and United Parcel Service rose 0.5% to $176.40.
Moreover, a total of 6,000 flights have been canceled and about 20,000 flights have been delayed this week after bitter cold and arctic blast swept through northern states.
3M Co declined 1% to $12039 after the company set 2025 deadline to stop producing so called "forever chemicals" used in the production of semiconductors and electronic equipment.
PFAS or perfluoroalkyl and polyfluoroalkyl substances have been detected in water and food supplies.
On November 10th, California Attorney General's office sued 3M, Arkema, Tyco Fire Products and DuPont and other manufacturers of PFAS.
The companies "were aware of crucial facts relating to PFAS
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