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Stock decliners:
Domo Inc.’s stock
DOMO,
dropped more than 40% after the cloud-data software company’s outlook soured its better-than-expected results.
Hawaiian Electric Industries Inc. shares
HE,
slid 20% after the utility halted its dividend to shore up its cash position — and after it was sued by Maui County for allegedly contributing to the devastating wildfires on the island.
Digital World Acquisition Corp.
DWAC,
the special purpose acquisition company working on a merger with Trump Media & Technology Group, fell 0.8% after former President Donald Trump was arrested in Georgia late Thursday on charges he meddled in the state’s 2020 presidential-election results.
Marvell Technology Inc. shares
MRVL,
declined 7% after the chip maker reported earnings that beat the Wall Street consensus, but offered an in-line outlook.
Shares of Nordstrom Inc.
JWN,
fell 5.5% after the upscale department-store chain warned that sales had “decelerated” at its namesake and off-price Nordstrom Rack stores.
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