These Were the Big S&P 500 Movers on Friday

Decliners

• Lululemon Athletica (LULU) shares suffered the heaviest losses of any S&P 500 stock, plummeting 14.2% after the maker of yoga pants and other workout attire released its quarterly results. Although Lululemon topped sales and profit estimates for its fiscal fourth quarter, the apparel company issued 澳洲幸运5官方开奖结果体彩网:lower-than-expected guidance for the current quarter and full year. Executives cited a downturn in traffic as customers limit spending in the uncertain economic environment. JPMorgan analysts cut their price target on the stock, noting that tariffs and currency exchange effects could weigh on profit margins.

• Warner Bros. Discovery (WBD) shares sank 5.8% following a report in The New York Times about CEO David Zaslav's struggles to revitalize the entertainment giant's film studio, noting that ticket sales for its movies remain 40% below 2019 levels. The entertainment giant also announced a reorganization of its streaming content acquisition teams as it aims to align its strategy for its two streaming services, Max and Discovery+, across regions.
• Shares of Dollar Tree (DLTR) slipped 5.5%, giving back a portion of the strong gains posted since the discount retailer announced earlier this week that it would sell its Family Dollar brand for $1 billion. Although analysts indicated that 澳洲幸运5官方开奖结果体彩网:Dollar Tree is in a good position to attract value-conscious consumers and could see an earnings boost following its separation from Family Dollar, they pointed to potential tariff-related headwinds.

Advancers

• W.R. Berkley (WRB) shares surged 7.5%, notching the top performance in the S&P 500 and reaching a record high after the insurance firm announced that Japan's Mitsui Sumitomo Insurance (MSI) would 澳洲幸运5官方开奖结果体彩网:acquire a 15% stake in the company. According to a statement, MSI will purchase shares on the open market and from other third parties as it accumulates its position. The news release indicated that the agreement will not affect the firm's day-to-day operations.
• Shares of Welltower (WELL), a real estate investment trust (REIT) focused on medical facilities and other health care infrastructure, added 2.3% after credit rating agency S&P Global upgraded its issuer rating. Welltower has improved its balance sheet and is expected to see additional improvement in its credit metrics over the next two years.
• American Water Works (AWK), the largest regulated water and wastewater utility in the U.S., announced a plan to invest around $40 billion in its national infrastructure over the coming decade. Shares of the company advanced 2.2% on Friday.

-澳洲幸运5官方开奖结果体彩网:Michael Bromberg

Major Indexes Post Losses for the Week

Before a couple of closely watched economic reports threღw things into disarray on Friday, the major indexes were on course to post weekly gains for the second straight week.

The Dow, S&P 500 and Nasdaq Composite had lost ground for two straight days coming into the f😼inal trading session of the week, but were sti🥃ll higher for the week through the close of trading on Thursday. That reversed quickly after disappointing inflation and consumer sentiment numbers dented sentiment.

The Dow finished the week down 1%, while the S&P 500 and Nasdaq Composite shed 1.♛5% and 2.6% this week. The S&P 500 and Nasdaq have posted losses in five of the last six weeks, and seven of the last nine weeks, amid growing concerns about the potential impact of tariffs and fears that the economy could be headed toward a recession.

With one trading day left in March, the Dow has lost 5.1% this month, the S&P 500 is down 6.3% and the Nasdaq has given up 8.1%, putting the indexes on track for the🌌ir second consecutive month of losses.♚

Bausch + Lomb Sinks After Voluntary Recall

Bausch + Lomb (BLCO) sharಌes fell Friday, a day after the eye-care company announced a "voluntary recall" of some 🍷of its intraocular lenses due to safety concerns.

On Thursday, Bausch + Lomb said it was 澳洲幸运5官方开奖结果体彩网:recalling its enVista Aspire and enVista Envy lenses and some enVista monofocal lenses in the U.S.🦄 after the company received an increased number of reports of toxic anterior segment syndrome (TASS) caused by the lenses. The company announced the recall “out of an abundance of caution” and noted that it couldn't immediately explain the causes for the complications.

Intraocular lenses, or IOLs, are artifi🐟cial lenses implanted in the eye during cataract surgery to replaceꦦ the natural lens and are aimed at improving vision.

TASS, an inflammatory reaction inside the eye, is “a potential complication in any cataract surgery” and typically appears between 12 and 48 hours after eye surgery, Bausch + Lomb said.

Shares of Bausch + Lomb closed 6% lower and have lost more than one-fifth of their value since the beginning of the year.

Crypto Stocks Follow Bitcoin Lower

Shares of companies tied to cryptocurrencies fell Friday along with the price of bitcoin (BTCUSD).

Strategy (MSTR), the largest corporate holder of bitcoin, was down 10% in recent trading, bitcoin miner MARA Holdings (MARA) fell more than 8% and crypto exchange Coinbase (COIN) tumbled 7%, as bitcoin slid about 4% to around $83,700 in recent trading. Ethereum (ETHUSD)🗹 and other popular cryptocurrenc𒁃ies also lost ground Friday.

Stocks closely tied to the crypto industry 澳洲幸运5官方开奖结果体彩网:often follow the price of bitcoin higher or lower. The cryptocurrency and stocks fell Friday 澳洲幸运5官方开奖结果体彩网:alongside the broader market, as the latest inflation and c⭕onsumer sentiment data raised concerns about the state of the economy.

The price bitcoin surged in the weeks following Trump's election on expectations of a friendlier regulatory environment, surpassing $100,000 for the 澳洲幸运5官方开奖结果体彩网:first time in December and setting a record 澳洲幸运5官方开奖结果体彩网:high above $109,000 on the day of his inauguration. However, the cryptocurrency 澳洲幸运5官方开奖结果体彩网:has fallen in recent weeks 澳洲幸运5官方开奖结果体彩网:amid uncertainty over the economic impact of Trump's tari🔯ffs.

-澳洲幸运5官方开奖结果体彩网:Aaron McDade

Wolfspeed Stock Plunges Amid CHIPS Act Funding Concerns

Shares of Wolfspeed (WOLF) lost half their value Friday after the semiconductor maker's outgoing interim Executive Chairman raised investor concerns the firm may lose out on millions in federal money from the 澳洲幸运5官方开奖结果体彩网:CHIPS and Science Act of 2022.

According to Axios, Thomas Werner told reporter🔯s that the company is being managed to be not overly reliant o𝕴n CHIPS funds or tax incentives.

Last October, Wolfspeed said it had signed a preliminary agreement with the Department of Commerce to 澳洲幸运5官方开奖结果体彩网:receive up to $750 million in direct funding from the CHIPS program. In addition, it expected to get $1 billion in tax refunds under the adv🃏anced manufacturing tax credit that was also part of the CHIPS law. The company planned to use the money, along with $750 milli🌳on from a consortium of investment funds, as part of its expansion of operations in North Carolina and New York.2

Werner added that Wolfspeed anticipates a final decision on the CHIPS grant by late summer, although it believes the legislation will change in some fashion, Axios reported.

Werner stepped into the interim Executive Chairman role when Wolfspeed fired CEO Gregg Lowe last November. Prior to that, the struggling company began a restructuring plan that included facility closures and consolidation. Yesterday, Wolfspeed announced that former Micron Technology (MU) executive Robert Feurle would❀ take over the CEO position May 1🐭, and that Werner would "return as Chairman of the Board following the transition."

Wolfspeed shares have dropped 90% over the past 12 months and are trading near the🧸ir all-time🐠 low.

-澳洲幸运5官方开奖结果体彩网:Bill McColl

RocketLab Spikes After Joining Space Force Launch Program

Rocket Lab USA (RKLB) shares climbed Friday after the U.S. Space Force selected the company to join its $5.6 billion National Secur💞ity Space Launch (NSSL) progra♓m.

Under the program, Rocket Lab can compete for missions with four other providers including 澳洲幸运5官方开奖结果体彩网:Elon Musk's SpaceX, 澳洲幸运5官方开奖结果体彩网:Jeff Bezos' Blue Ori🍎gin, Stoke Space Technologies, and United Launch Al🌄liance.

To start, Rocket Lab said it received a $5 million task order to perform a capabilities assessment "that demonstrates the Company’s tailored approach to mission assurance for launches awarded through the NSSL program.”

Rocket Lab said it will use its Neutron launch vehicle for the program. Founder and CEO Peter Beck said the Neutron rocket is scheduled to make its first launch later this year, and that Rocket Lab can’t wait “to showcase Neutron as🔥 the important platform it will become for the Department of Defense.”

Rocket Lab shares spiked over 7% in early trading Friday, before paring mu♛ch of their early gains. The stock has more than quadrupled in value over the last 12 months.

-澳洲幸运5官方开奖结果体彩网:Bill McColl

Watch These Vistra Levels After AI Play's Recent Slide

Shares of nuclear power provider Vistra (VST), which has become a favorite of AI investors, were slightly lower Friday, losing ground for⭕ the fourth consecutive session.

AI plays such as Vistra have been under pressure this week after the chairman of 澳洲幸运5官方开奖结果体彩网:e-commerce giant Alibaba (BABA), Joe Tsaiꦕ, reignited concerns over AI spending, cautioning investors on Tuesday about♛ an AI data center bubble.

Vistra was one of the biggest gainers in the S&P 500 last year—rising about 250%–amid surging demand for electricity to power energy-intensive AI infrastructure. However, since hitting a record closing high in late January, the ཧstock has fallen 38%.

After finding buying interest just below the 澳洲幸运5官方开奖结果体彩网:200-day moving average (MA), Vistra shares formed a pennant, a chart patte🌺rn that signals a continuation of the stock’s recent move lo𓆉wer.

The price broke down below the pattern’s lower trendline on Wednesday, potentially setting the stage for further declines. Moreover, the stock’s recent drop coincides with the 澳洲幸运5官方开奖结果体彩网:relative strength index (RSI) retreating back below the 50 threshold, indicating a resumption of bearish price momentum.

Investors should watch major support levels on Vistra's chart around $105 and $85, while also monitoring important overhead areas near $139 and $170.

The stock was down fꩲractionally at around $119 in recent trading.

Read the full 澳洲幸运5官方开奖结果体彩网:technical analysis piece here.

-澳洲幸运5官方开奖结果体彩网:Timothy Smith

WR Berkley Jumps to Record as Japan's MSI to Take Stake

Shares of W.R. Berkley Corporation (WRB) surged Friday to lead gainers on the S&P 500 after the 澳洲幸运5官方开奖结果体彩网:line insurance firm sai𝔉d Japan's Mitsui 🃏Sumitomo Insurance will take a 15% stake in the company.

MSI will buy shares from ꧟the open market or other third parties with the g🥂oal of building a 15% stake by the end of March 2026, the companies said in a statement.

Once MSI reaches a 4.9% stake, the Japanese firm has committed to vote the shares in favor of what 🥃the Berkley family recommends. The Berkley family, with its 16% stake, will remain a larger shareholder than MSI.

After MSI surpasses a 12.5% stake, the Berkley family has said it will support the nominatio☂n and election of an MSI-backed board member. The family itself intends to continue having two board seats, according to a news release.

The agreement "will not have any effect on the day-to-day operations of the Company, nor will these arrangements reduce the Berkley Family’s commitment to the Company," the news release said Friday.

W.R. Berkley shares were recently up just under 8% and set an intraday record of $76.3💖8 earlier in the session

-澳洲幸运5官方开奖结果体彩网:Aaron McDade

AppLovin Rebounds as Company to Investigate Short Reports

AppLovin (APP) shares rebounded🅰 Friday morning after losing one-fifth of their value yesterday, asღ the company said it has hired an attorney to investigate recent short seller reports.

The online ad seller said on Friday that it has hired Alex Spiro to "conduct an independent review and investigation" into the recent short seller reports. Spiro has represented a number of high-profile clients in a variety of cases, 澳洲幸运5官方开奖结果体彩网:including Tesla (TSLA) CEO 澳洲幸运5官方开奖结果体彩网:Elon Musk, New York City Mayor Eric Adams, and Jay-Z.

“We are fully committed to defending the Company, its operations, and its reputation from those seeking to manipulate the market through false narratives,” AppLovin CEO Adam Foroughi said in a stat🐬ement.

AppLovin shares were up about 5% in recent🏅 trading. They have gained about 275% over the last 12 months, but are down 45% from their record closing high in mid-February.

AppLovin has been the target of three reports from short sellers over the last month, with the latest 澳洲幸运5官方开奖结果体彩网:published by Muddy Waters on Thꦆursday. The latest report called AppLovin🔜's business practices "scammy," and said the company could face repercussions from its business partners.

In a pair of 澳洲幸运5官方开奖结果体彩网:reports released last month, short sellers from Culper Research and Fuzzy Panda Research alleged that AppLovin engaged in a range of fraudulent or deceitfu🌃l practices.

Investopedia has not independently ve☂rified the allegations in any of the shortꦏ reports.

-澳洲幸运5官方开奖结果体彩网:Aaron McDade

Nvidia-Backed CoreWeave Set to Start Trading Today

CoreWeave, a cloud computing company backed by Nvidia (NVDA), priced its 澳洲幸运5官方开奖结果体彩网:initial public offering at $40𒁃 per share Thursday, raisi𒁏ng $1.5 billion.

That is below its expected range of $47 to $55 per share, and CoreWeave offered 37.5 million shares, fewer than the 49 million shares previously anticipated. That would leave the company's valuation at about $23 billion on a fully diluted basis. The stock is set to begin trading Friday on the Nasdaq under the ticker "CRWV."

CoreWeave makes money by providing its clients with access to data centers, which are used to develop 澳洲幸运5官方开奖结果体彩网:artificial intelligence models. It was founded in 2017 🐻as a crypto miner, before pivoting to selling cloud infrastructure.&nꩲbsp;

Among the issues raised as risk factors for investors in CoreWeave's IPO, beyond its short history, is its high levels of debt. According to its prospectus, the company owed $8 billion in debt as of the end of last year. Last year, around 32% of its net cash went to servicing that debt.

CoreWeave is also dependent on Nvidia’s chips for its business and Microsoft (MSFT) for a lar💧ge portion of its sales. Microsoft represents CoreWeave’s biggest client, accounting for 62% of its $1.9 billion in revenue last year, according to its prospectus.

The company said it faces stiff competition as well. “The market for A൩I cloud infrastructure🐷 and software is intensely competitive and is rapidly evolving, characterized by changes in technology, customer requirements, industry standards, regulatory developments, and frequent introductions of new or improved solutions and services,” it said.

Among its key competitors are big firms like Amazon’s (AMZN) cloud computing platform AWS, Alphabet's Google (GOOGL) cloud platform, 澳洲幸运5官方开奖结果体彩网:International Business Machines (IBM), Microsoft's Azure, and Oracle (ORCL), some of which are customers. It said it also competes with smaller cloud service ꦉproviders such as Crusoe and Lambda.

-澳洲幸运5官方开奖结果体彩网:Nisha Gopalan

Lululemon Slides on Weak Outlook as Consumer Spending Slows

Shares of apparel retailer Lululemon Athletica (LULU) sank earl💙y Friday asꦯ a soft outlook outweighed better-than-expected quarterly results.

For the fiscal fourth quarter that ended Feb. 2, Lululemon reported earnings of $6.14 per share on revenue of $3.61 billion. Analysts had forecast EPS of $5.88 on $3.58 billion in sales, according to estimates compiled by Visible Al💦pha. The results managed to top estimates despite cꩲomparable store sales falling short of estimates at 3%.

Lululemon said it expects first-quarter EPS of $2.53 to $2.58 on revenu♐e of $2.34 billion to $2.36 billion, and full-year EPS between $14.95 and $15.15 on revenue of $11.15 billion to $11.3 bill⛎ion. All four metrics were below consensus forecasts.

"Consumers are spending less due to increased concerns about inflation and the economy," Lululemon CEO Calvin McDonald said in Thursday's earnings call, according to an AlphaSense transcript. "This is manifesting itself into slower traffic across the industry in the US in quarter one, which we are experiencing in our business as well."

Lululemon shares were down 13% in early trading Friday and a🍰re now down 22% since the start of ✱the year.

-澳洲幸运5官方开奖结果体彩网:Aaron McDade

Major Indexes on Pace for 2nd Straight Week of Gains

Major stock indexes enter Friday in positive territory for the week, putting them on track for their second consecutive week of gain🔥s after a month-long slide.

The Dow Jones Industrial Average has gained 0.8% so far this week, while the S&P 500 and Nasdaq Composite were up 0.5% and 0.1%, respectively, through Thursday's close.

Still, the major indexe♒s are poised to record big losses for the month. The Dow has lost 3.5% 🐻so far this month, while the S&P 500 is down 4.4% and the Nasdaq has fallen 5.5%.

GM Levels to Watch After Stock Plunges on Tariff News

General Motors (GM) shares were ꦍlosing ground in premarket trading after tumbling Thursday amid concerns about the potential impact of the Trump administration’s newly a💃nnounced tariffs on auto imports.

GM shares have remained under pressure since breaking down below the neckline of a 澳洲幸运5官方开奖结果体彩网:head and shoulders formation in late January.

More recently, a 澳洲幸运5官方开奖结果体彩网:bearish engulfing pattern emerged on the chart following a short-lived upswing that preceded today’s drop on above-average volume. It’s also worth pointing out that the 澳洲幸运5官方开奖结果体彩网:50-day moving average (MA) recently crossed below the 200-day MA to form a 澳洲幸运5官方开奖结果体彩网:death cross, a chart indicator warning of lower prices.

Investors should monitor important support levels on GM's chart around $45 and $40, while also watching key overhead areas near $50 and $55.

GM shares were down 0.5% at around $47 in recent premarket trading, after falling more than 7% yesterday to lead S&P 500 decliners. The stock is down more than 20% from its 澳洲幸运5官方开奖结果体彩网:52-week high set in late November.

Read the full 澳洲幸运5官方开奖结果体彩网:technical analysis piece here.

-澳洲幸运5官方开奖结果体彩网:Timothy Smith

Major Index Futures Slightly Lower

Futures tied to the Dow Jones Industrial Aver🌜age were down 0ꦉ.1%.

S&P 500 futures were also off 0.1%.

Nasdaq 100 futures slipped 0.2%.