The Biggest S&P 500 Movers on Thursday

Decliners:

• Shares of health care diagnostics and drug discovery services provider Charles River Laboratories (CRL) plummeted 28.1%, the steepest decline of any S&P 500 stock on Thursday. The downturn came after Barclays analysts cut their price target on the stock, suggesting that potential pharmaceutical tariffs could weigh on budgets in the industry and stifle Charles River's performance.
• Carmax (KMX) shares plunged 17% after the used-car retailer reported 澳洲幸运5官方开奖结果体彩网:lower-than-expected sales and prof🎃its for its fiscal fourth quarter. The company opted not to provide specific financial forecasts for fiscal 2026 and stepped away from its previously announced long-term growth targets, noting that macroeconomic factors could affect its timeline for reaching those objectives. Analysts have suggested that tariffs 澳洲幸运5官方开奖结果体彩网:could result in higher prices for new and used vehicles.
• After yesterday's 澳洲幸运5官方开奖结果体彩网:blistering rally for semicond🦩uctor stocks, downward pressure on chipmakers resumed on Thursday. A day after securing the S&P 500's top performance, shares of microprocessor manufacturer Microchip Technology (MCHP) tumbled 13.6%. Shares of power module specialist Monolithic Power Systems (MPWR) also gave back a portion of Wednesday's strong gains, falling 13.7%.
• Warner Bros. Discovery (WBD) shares lost 12.5% after the China Film Administration said it would cut down the number of American films imported into the country as trade tensions escalate between the world's two largest economies. The entertainment giant announced late last year that it would 澳洲幸运5官方开奖结果体彩网:split its TV business from its streaming and film operations.  

Advancers:

• Gold futures prices advanced more than 3% as tariff-related uncertainty boosted demand for the precious metal, which is often seen as a safe-haven investment during periods of economic turbulence. The price uptick helped lift gold-mining stocks. Shares of Newmont (NEM), the world's top gold producer, notched the strongest gain in the S&P 500, jumping 4.5%.
• Shares of fixed-income trading platform operator MarketAxess Holdings (MKTX) advanced 3.5% on Thursday, recovering from a slight decline posted in the prior session. Earlier this week, analysts at Morgan Stanley upgraded MarketAxess stock to "overweight" from "equal weight," indicating that the need to hedge against risk in the current economic environment could drive additional trading volume for exchanges.
• Kroger (KR) shares gained 3.1% on Thursday. When releasing its latest earnings report in early March, the operator of the largest chain of traditional grocery stores in the U.S. said it anticipates a relatively limited impact from tariffs, highlighting plans to diversify its supply chains, negotiate with suppliers, and source products from countries facing lower levies.

-澳洲幸运5官方开奖结果体彩网:Michael Bromberg

Gold Hits Record High, Miner Stocks Surge

The price of gold hit an all-time high Thursday, with shares of Newmont (NEM) and other miners surging along with it as investors sought 澳洲幸运5官方开奖结果体彩网:safe haven assets amid tariff-fueled volatility.&♕nbsp;

The 澳洲幸运5官方开奖结果体彩网:price of gold rose nearly 4% Thursday to a record $3,194.20 per ounce. Meanwhile, Newmont shares rose close to 5%, making it the best-performing stock in the S&P 500 Thursday. Barrick Gold () shares added nearly 3%, while Kinross Gold (KGC) climbed 5%, and Gold Fields (GFI) jumped over 8% to close at an all-time high.

Long viewed as a safe haven asset, investors have flocked to gold amid 澳洲幸运5官方开奖结果体彩网:worries about tariffs and economic uncertainty. Thursday's rally for gold and min♛er stocks came as broader markets declined, giving back a significant chunk of Wednesday's historic gains.

-澳洲幸运5官方开奖结果体彩网:Andrew Kessel

Major Indexes Still on Track to Break Two-Week Losing Streaks

Despite today's steep declines, major indexes will enter Friday's session on track to snap two-week losing streaks.

Through Thursday's close, the Dow Jones Industrial Average is up 3.3% for the week, while the S&P 500 and Nasdaq Composite have gained 3.8% and 5.1%, respectively.

Stocks have endured a week of remarkable volatility. The Dow has swung more than 2,000 points between its high and low of the session every day so far this week.

Do Airlines Face Long-Term 'Demand Destruction'?

An aviation industry analyst believes air travel could face "demand destruction" as a result of the Trump administration's 澳洲幸运5官方开奖结果体彩网:tariff policies. 

Visual Approach Analytics said Thursday the White House's "deep step toward deglobalization will negatively impact commercial aviation, which is built to connect the globe."

 Demand has 澳洲幸运5官方开奖结果体彩网:already begun to soften, with international travelers visiting the U.S. down 25% from Canada and Mexico, and an estimated 10% worldwide, the firm added. "We believe the threat to aviation 🏅is in demand destruction, a long-term impact largely dependent upon economic scenarios," it said.

In the short term, this could benefit U.S. airlines, which have a relative point-of-sale advantage, Visual Approach said. 澳洲幸运5官方开奖结果体彩网:Delta Air Lines (DAL), for instance,꧋ said on its first-quarter earnings call Wednesday that it has seen strong summer bookings, accord🐟ing to a transcript provided by AlphaSense.

In the longer-term, however, growth is likely to fall, the analyst said. With tariffs in place, aircraft made for American carriers outside the U.S. are "likely to be parked," VAA said, adding that "the incentive for the U.S. airlines is to stall for time while the uncertainty is eventually resolved." Delta CEO Ed Bastian said on the earnings call that the carrier no 澳洲幸运5官方开奖结果体彩网:longer envisions growing&nbs👍p;this year and "will defer any deliveries that have a tariff."

Shares of Delta sank 11%, as did those of rival United Airlines (UAL), while American Airlines (AAL) plunged more than 14%. Each of ☂the stocks had soared more than 20% yesterday.

-澳洲幸运5官方开奖结果体彩网:Andrew Kessel

QQQ Levels to Watch as Nasdaq 100 ETF Slides After Rally

The Invesco QQQ Trust (QQQ) tumbled Thursday after surging 12% yesterday following President Trump's 澳洲幸运5官方开奖结果体彩网:announcement of a 90-day pause on many tariffs.

Wednesday's rally saw the tech heavy Nasdaq 100, the index that the 澳洲幸运5官方开奖结果体彩网:exchange-traded fund tracks, post its biggest one-day gain since January 2001 at the height of the 澳洲幸运5官方开奖结果体彩网:dotcom bubble.

The QQQ fund has closed lower six out of the last eight weeks and trades down about 13% since the start of the year, though Wednesday’s relief rally pared the lion’s share of the ETF’s post-"澳洲幸运5官方开奖结果体彩网:Liberation Day" losses. Tariff uncertainty, coupled with concerns over 澳洲幸运5官方开奖结果体彩网:AI spending and slowing corporate earnings, have weig😼hed heavily on t💎he fund in recent months.

Since minting its record high in mid-February, the QQQ fund slumped as much as 26% before yesterday’s impressive reversal, placing the 澳洲幸运5官方开奖结果体彩网:correction in the same neighborhood as the 31% Covid-19-induced drop between mid-February and late March of 202🐟0.🤡

It’s worth pointing out that the fund has registered its highest weekly volume since May 2022, possibly indicating 澳洲幸运5官方开奖结果体彩网:capitulation selling before larger market pa🌸rticipants returned from the sidelines lookin༒g for buying opportunities after the steep sell-off.

Moreover, Wednesday's bullish reversal coincides with the 澳洲幸运5官方开奖结果体彩网:relative strength index (RSI) climbing out of oversold territory. However, the i🍸ndicator remains below the 50 threshold, a level that signals neutral price momentum.

Investors should watch crucial support levels on QQQ's chart around $448 and $402, while also monitoring key resistance levels near $503 and $540.

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

-澳洲幸运5官方开奖结果体彩网:Timothy Smith

The Key Questions Facing the Bond Market

The 𓂃bond market may indeed be “beautiful,” as President Donald Trump declared after a historic day for markets. But it’s also a little confused.

Bond markets stabilized some Wednesday on the news of Trump’s 90-day repri🅺ev🐈e on punitive country-by-country tariffs, but were rocky again Thursday. But, some big questions for bond investors remain unanswered. Will the tariffs that Trump stuck with—or 澳洲幸运5官方开奖结果体彩网:escalated in China’s case—prompt an in♚flation rebound? And has Trump inflicted permanent damage to global investors’ demand for U.S. 𝔉government debt?

The questions are relevant far outside of Wall Street, since bond markets affect mortgage rates for h𓆉omebuyers and are a key part of retirement portfolios. U.S. government bonds also underpin the global financial system, and this week’s turbulence showed some cracks that may not be patched soon.

“Unfortunately, Pandora's tariff box is open, and the 90-day reprieve still leaves massive uncertainty on the table,” Andrew Brenner, head of international fixed income at NatAlliance Securities, wrote in a note to clients on Thursday.

Bond volatility is “off the charts,” he added, pointing to the massive jump i♓n the interest rate on bonds this week. Trade🍬rs are still scratching their heads about the precise reason or reasons behind the volatility.

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

-澳洲幸运5官方开奖结果体彩网:Polo Rocha

Apple Resumes Its Slide After Best Day Since 1998

Apple (AAPL) shares tumbled Thursday, giving back some of their gains fro𝕴m a historic rally yesterday when President Trump paused most of the tariffs that took effect overnight. 

Apple stock was down 6% in recent trading. Shares skyrocketed 15.3% yesterday, their biggest one-day gain since 1998, after President Trump 澳洲幸运5官方开奖结果体彩网:announced a 90-day pause on nearly all of the “reciprocal tari𒈔ffs” he unveiled last week.

Apple has been 澳洲幸运5官方开奖结果体彩网:hit particularly hard by President Trump’s tariffs, especially those on China, where the company manufacturesജ an estimated 90% of its products. Shares slumped nearly 25% between 𝔍Trump’s tariff announcement last week and yesterday’s pause.

Bank of America analysts on Monday maintained a “buy” rating on Apple stock, citing its stable cash flows, resilient earnings, and potential benefits from AI. And in a note on Tuesday, BofA called the pullback “a particularly 澳洲幸运5官方开奖结果体彩网:enhanced buying opportunity for investors to own a high-quality name.”

Despite Wednesday’s tariff pause, Apple still finds itself in the middle of escalating U.S.-China tensions. China matched Trump’s 34% tariff rate last week, a move that prompted Trump to further increase tariffs on Chinese imports. Another round of retaliation from China led Trump on Wednesday to raise the rate on Chinese goods 澳洲幸运5官方开奖结果体彩网:to 125% from 104%. 

Apple is 澳洲幸运5官方开奖结果体彩网:reportedly planning to ﷽ship more U.S.-bound iPhones from India to mitigate the tariff impact. Morgan Stanley analysts in a note on Wednesday said Apple would need to double iPhone production in India to completely decouple U.S. consumers from Chinese manufacturing. “To us, this is fathomable, but might take longer than 6-12 months,” t𝓀he analysts wrote.

In the near term, Apple could pull itsඣ lower-margin, low-storage iPhone models and lean into financing plans to offset the headwind of higher prices, according to analysts. 

-澳洲幸运5官方开奖结果体彩网:Colin Laidley

Tesla Stock Price Levels to Watch Amid Recent Volatility

Tesla (TSLA) shares tumbled Thursday after surging 23% yesterday following President Trump's decision to 澳洲幸运5官方开奖结果体彩网:delay some tariffs for 90 days.

The electric vehicle maker's stock has faced significant selling pressure in recent weeks amid worries about 澳洲幸运5官方开奖结果体彩网:weaker-than-expected deliveries and 澳洲幸运5官方开奖结果体彩网:political backlash to CEO Elon Musk’s involvement in the Trump administration. Uncertainty over the Trump administration's tariffs have added to concerns𒉰, with Musk reportedly urging the president earlier this week to reverse Washington's sweeping import duties.

After falling below the 澳洲幸运5官方开奖结果体彩网:200-day moving average in early March, Tesla shares have carved two troughs on the chart, potentially forming a 澳洲幸运5官方开奖结果体彩网:double bottom pattern.

As the most recent trough made a slightly lower low, the 澳洲幸运5官方开奖结果体彩网:relative strength index (RSI) made a comparatively shallower low to create a 澳洲幸运5官方开奖结果体彩网:bullish divergence, a chart s🦹ignal that could point to waning selling momentum.

Investors should monitor a key support level on Tesla's chart near $225, while watching overhead areas around $289, $360, and $430 if the stock resumes its upswing.

The stock was down 10% at around $24𒈔5 in midday 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

US Steel Stock Drops as Trump Pushes Back on Japan Deal

Shares of U.S. Steel (X) tumbled Thursday morn♉ing after President Donald Trump reportedly said that he doesn't want foreign ownership of the company.

Trump said that he doesn't want U.S. Steel purchased by “any other place,”  Bloomberg reported.

Trump pointed to higher steel orders for the company as an indication of its improved footing, the report said. The president also said that U.S. Steel was "the number one company in the world for a long time,” according to the report, adding “that’s why we don’t want to see it go to Japan, and we love Japan but U.S. Steel is a very special company."

Earlier this week, 澳洲幸运5官方开奖结果体彩网:Trump ordered a review of Nippon Steel's proposed takeover bid after former President Joe Biden 澳洲幸运5官方开奖结果体彩网:blocked the $14.1 billion deal, based on the view that the sale could pose a threat to national security. The companies had sued the U.S. government t🌊o challenge the decision.𝓀

Shares of U.S. Steel, which were down about 7% in recent trading, surged earlier this year amid hopes Trump would reverse Biden's order. Even with this morning's decline, the stock has gained about 24% since the start of 2025.

-澳洲幸运5官方开奖结果体彩网:Nisha Gopalan

Intel Levels to Watch Amid Tariff-Induced Price Swings

Intel (INTC) shares tumbled Thursday morning after soaring yesterday, in line with moves by the broader chip sꦿector following yesterday's announcement of a pause in many U.S. tariffs.

After forming a 澳洲幸运5官方开奖结果体彩网:double top between January 2020 and April 2021, Intel shares have trended sharply lower, with a countertrend rally to the 50-month moving average (MA) in December 2023 running into immediate selling p🉐ressure.

More recently, bears drove a brief sell-off below last year's September low before bulls reclaimed this key level during Wednesday's bullish reversal, potentially setting the stage for follow-though buying. However, investors should brace for further volatility ahead, with 澳洲幸运5官方开奖结果体彩网:trading volume picking up in t🗹he stock since August last year.

Investors should monitor key overhead areas on Intel's chart near $25 and $35, while also watching a crucial zone of support between $18.50 and $17.

Intel shares were down about 6% at $20.20 in recent trading, giving back some of yesterday's 19% gain. Through the close of trading Wednesday, the stock had lost 44% over the past 12 months amid uncertainty surrounding the chipmaker’s 澳洲幸运5官方开奖结果体彩网:restructuring plans and constant deal speculation.

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

Modelo Parent Constellation Brands Issues Soft Outlook

Constellation Brands (STZ) shares were wavering between gains and losses early Thursday, a day after the alcoholic drinks maker posted a soft outlook for the full year. The company, which imports Corona and Modelo beers from Mexico, also announced p෴lans to sell some of its lower-cost wine brands.

For fiscal 2026, Constellation projected adjusted 澳洲幸运5官方开奖结果体彩网:earnings per share (EPS) of $12.60 to $12.🅺90, below the consensus from analysts surveyed by Visible Alpha. The company also slashed its enterprise net sales projection to a decline of 2% to a rise of 1%. Previously, it had projected an increase of 2% to 4%. It also trimmed its fiscal 2027 to 2028 forecasts.

Those lowered projections, Constellation said, reflects "the anticipated impact" of the reciprocal tariffs announced on April 2 as well as those against Canada on March 4.

Those changes to its outlook came as Constellation posted fourth-quarter adjusted EPS of $2.63 on net sales of $2.16 billion, ahead of analysts' estimates.

𝕴The company also said that as part of a multi-year restructuring, it is also selling s♔ome of its lower-cost wine brands. It is keeping those brands “predominantly priced $15 and above” such as Robert Mondavi Winery and Kim Crawford.

Constellation shares fell nearly 5% in the opening minutes of trading but inched into positive territory recently. Coming into Thursday's session, the stock had lost close to a third of its value over the past 12 months.

-澳洲幸运5官方开奖结果体彩网:Nisha Gopalan

CarMax Earnings Disappoint, Growth Targets Suspended

CarMax (KMX) shares plunged in premarket trading Thursday after the used-car retailer's fiscal fourth-quarter profit and used-vehicle s🐈ales came in belo༒w analysts' expectations.

The Virginia-based company reported 澳洲幸运5官方开奖结果体彩网:earnings per share (EPS) of $0.58 on net sales and operating revenue of $6.00 billion, both up🧸 from $0.32 and $5.63 billion a year ago. Analysts polled by Visible Alpha, however, had 𒊎projected $0.68 and $5.99 billion, respectively.

CarMax sold a total of༺ 301,811 used vehicles, including 182,655 retail and 119,156 wholesale units, each below consens🤪us. Analysts were looking for 312,800 units of combined sales, consisting of 185,900 retail and 126,900 wholesale vehicles.

The company didn't give specific financial forecasts for fiscal 2026, but did suspend the timelines for its previously announced long-term growth targets "given the potential impact of broader macro factors."

A year ago, CarMax said it expected to reach 2 million annual vehicle sales between fiscal 2026 and 2030. It said that before it reached that unit figure, it expected annual revenue to reach $33 billion and market share of up 🎃to 10-year-old used vehicles to hit ꧙5%.

Analysts have said both 澳洲幸运5官方开奖结果体彩网:new and used cars are likely to become 澳洲幸运5官方开奖结果体彩网:thousands of dollars more expe💝nsive as a result of the Trump administration's tar꧒iffs.

CarMax shares, which entered Thursday down 4% over the past 12 mont🔯hs, were down 11% shortly before the opening bell, outpaciཧng the declines on the broader stock market this morning.

-澳洲幸运5官方开奖结果体彩网:Aaron McDade

Stocks Still Below Pre-'Liberation Day' Levels

Despite Wednesday's historic gains, the major indexes are still below where they were just before Trump announced his plan for sweeping tariffs on April 2, a day the president referred to as "Liberation Day."

For the year, the Dow was down 4.6% coming through Wednesday's close, while the S&P 500 and Nasdaq are down 7.2% and 11.3%, respectively, so far in 2025.

Major Stock Index Futures Lose Ground

Futures tied to the 𒈔Dow Jones Industrial Average were down 1.3%, or about 500 points.

S&P 500 futures slipped 1.8%.

Nasdaq 100 futures were off 2.3%.