Tech tumble
Amazon shares fell 2.2% to $3,294.62 Friday as the Nasdaq notched its worst week since March as investors dumped heavyweight technology stocks. Apple, Microsoft and Facebook also fell sharply.
Deal bounce
Aimmune Therapeutics shares jumped 170% to $34.19 Monday after Nestlé said it would pay $2.6 billion to gain full ownership of the maker of the first U.S. approved peanut-allergy treatment. Aimmune Therapeutics shares closed at $34.22 Friday. Nestlé, which rose 0.7% to $120.53 on the news, closed the week at $119.52.
Be Like Mike
DraftKings jumped 3.7% to $38.34 Wednesday after announcing that basketball legend Michael Jordan would take an ownership stake in the company in exchange for becoming a special adviser to the sports-betting site. Shares closed the week at $37.
Big guns
Smith & Wesson shares fell 3.5% to $18.17 on Friday despite financial results for the three months ended July 31 that far exceeded analysts' expectations, including a 140% increase in firearm sales. The company recently spun off its outdoor-products business.
