Stocks are trading in the red ahead of Instacart’s (CART) IPO debut and the Federal Reserve’s rate hike decision this week.
Nio (NIO) shares fall as the company announced a $1 billion convertible bond offering, which will be partly used to repurchase some existing debt securities. Block (SQ) shares are down as the CEO of the Square payments platform Alyssa Henry will be stepping down from her role on October 2 with Co-Founder Jack Dorsey to take over her responsibilities for the interim. Volkswagen (VWAGY) shares react to the ongoing challenges this year amid the slowing German economy and the speculated trade war between China and the European Union.
Yahoo Finance Live takes a look at some of the day’s trending tickers.
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