McDonald’s had said in January that it would cut jobs as part of a broader restructuring.
The Nasdaq wrapped up its worst year since 2008 and is mired in a slump that’s drawing many comparisons to the dot-com crash more than two decades ago.
Electric vehicle maker Lucid Group said it has completed a planned $1.5 billion equity offering.
Shares of Roblox are off by more than 70% year to date as weak ad spending and the strength of the U.S. dollar weighed on the company’s revenue.
Apple stock had its best day since 2020 on Friday, closing up 7.5%.
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