Today At A Glance:
U.S. stocks ended the week with notable losses as renewed trade tensions rattled investor confidence. President Trump’s proposal of a 50% tariff on European Union imports and a 25% tariff on non-U.S.-made iPhones led to a broad market sell-off. Technology and consumer discretionary sectors were hit hardest, with major companies like Apple, Amazon, and Nvidia experiencing significant declines. All 11 sectors of the S&P 500 closed in the red, reflecting widespread concern over potential economic repercussions. The market downturn was further exacerbated by rising Treasury yields and ongoing fiscal policy uncertainties.
Today’s Index Performance:
- S&P 500: Opened at 5,781.89 and closed at 5,827.87, a decrease of 0.7% for the day.
- Dow Jones Industrial Average: Opened at 41,525.70 and closed at 41,788.61, falling by 0.94%.
- NASDAQ Composite: Opened at 18,622.40 and closed at 18,925.73, down 1.53%.
Gainers Of Note:
- Intuit Inc. (NASDAQ: INTU): Shares rose 7.8% following a strong financial forecast.
- Lightbridge Corp. (NASDAQ: LTBR): Gained 43.46% amid increased investor interest.
- Powell Max Ltd. (NASDAQ: PMAX): Surged 96.64%, leading the NASDAQ gainers.
Losers Of Note:
- Deckers Outdoor Corp. (NYSE: DECK): Plunged 19.86% after issuing weaker-than-expected guidance linked to tariff concerns.
- Ross Stores Inc. (NASDAQ: ROST): Dropped 12.47% following disappointing earnings.
- Copart Inc. (NASDAQ: CPRT): Fell 10.28% amid broader market sell-off.
Active Traders Of Note:
- NVIDIA Corporation (NASDAQ: NVDA): High trading volume driven by continued interest in AI technologies.
- Tesla Inc. (NASDAQ: TSLA): Remained among the most actively traded stocks amid volatility.
- Alphabet Inc. (NASDAQ: GOOGL): Experienced elevated trading activity following new developments in its advertising business.
Note: The stock performance summaries are based on general trends observed over the past ten trading days and are not indicative of future results.
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