Market Overview
Stock futures fell after President Trump renewed tariff threats tied to Greenland.
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Indexes & Sectors
Major Indexes: S&P 500 sharply lower, Nasdaq sharply lower, Dow sharply lower, Russell 2000 sharply lower
Leading Sectors: Energy
Lagging Sectors: Technology, Consumer Discretionary
Economic Calendar
None scheduled.
Stocks In The Spotlight
Nvidia (NVDA): Shares moved lower as investors trimmed positions amid rising global trade tensions tied to new tariff threats.
3M (MMM): Stock fell after the company released mixed earnings and gave full-year guidance that did not clearly impress investors.
Fastenal (FAST): Stock moved lower after reporting earnings and revenue roughly in line with expectations, offering little upside surprise.
Corvus Pharmaceuticals (CRVS): Stock surged after the company released positive early trial data for a new treatment for atopic dermatitis and announced plans for a next-phase study.
AppLovin (APP): Shares dropped after a report alleged the company may have been involved in improper financial activities.
J.B. Hunt Transport (JBHT): Stock declined after the company reported weaker revenue, citing soft demand across many of its markets.
Micron (MU): Shares slipped after Micron announced plans to buy a semiconductor manufacturing facility in Taiwan.
Fifth Third Bancorp (FITB): Shares fell after the bank posted earnings above expectations, despite slightly weaker interest income.
D.R. Horton (DHI): Stock climbed after the homebuilder reported earnings and revenue that beat expectations.
KeyCorp (KEY): Shares dropped as investors reacted cautiously to the bank’s quarterly results, even though they topped estimates.
Lululemon (LULU): Shares declined following reports of a proxy battle involving the company’s founder and board members.
JPMorgan (JPM): Stock slipped after political controversy involving the bank raised investor uncertainty.
U.S. Bancorp (USB): Shares rose after the bank reported stronger-than-expected earnings and revenue.
AstraZeneca (AZN): Stock fell after the company announced plans to move its main U.S. stock listing to the NYSE and withdraw from Nasdaq.
Momentum Stocks
(Stocks showing elevated volume and notable price movement)
Gainers: FIGR, CMPO, MRNA, SNBR, MTH, KRUS
Losers: CEG, WST, IRON, INTU, MNDY, MTG, FIG, FVRR, ADSK
Today’s IPOs
None.
Disclaimer: This newsletter is for informational purposes only and does not constitute investment advice. Readers should conduct their own research and consider consulting a financial professional before making investment decisions.