Peloton lowers price of bike, Gap raises guidance, plus Dell and HP face supply shortages

Myles Udland, Brian Sozzi, and Julie Hyman break down Friday’s early morning market movers, which include: Dell and HP’s stock taking a dip due to component shortages causing higher input costs and lengthened backorders, Peloton offering a lower price for its exercise bike as growth sales from the pandemic start to stall, and Gap raising its net sales forecast after experiencing an influx of customers in stores.
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