Market Summary
Major United States stock indices declined on Thursday as investors reacted to new tariff announcements and a downturn in the technology sector. The S&P 500, Nasdaq, and Dow Jones Industrial Average all ended the day lower.
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Key Market Movers
- Tariffs and Trade: President Donald Trump’s announcement of new tariffs on products from Canada, Mexico, and China impacted investor sentiment.
- Nvidia (NVDA): Shares in Nvidia fell 8.5% despite the chipmaker’s solid earnings report and outlook, signaling investor concern about the sector.
- Teleflex (TFX): The medical device maker’s stock plummeted 21.7% following the announcement of a company split.
- Super Micro Computer (SMCI): The server maker’s shares fell 16% in response to reports of share sales by company officers and a delayed annual report filing.
- Viatris (VTRS): The pharmaceutical company’s stock dropped 15.2% due to weaker-than-expected earnings and a disappointing outlook, affected by regulatory actions at an overseas facility.
- Vistra Corp. (VST): Shares fell 12.3% despite strong earnings, as the Texas-based energy provider’s gains were overshadowed by declines in other AI-related stocks.
- Invitation Homes (INVH): The real estate investment trust saw a 5.5% increase after reporting better-than-expected earnings and growth in same-store sales.
- Warner Bros. Discovery (WBD): Shares rose 4.7% following the company’s upbeat streaming outlook, despite weaker-than-expected earnings, detailing an expansion plan for its Max streaming service.
- Allstate (ALL): The insurance company’s stock rose 3.5% after announcing a dividend increase and a share buyback program.
- Universal Health Services (UHS): Shares increased by 3.3% after reporting better-than-expected earnings and a positive revenue outlook.
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