Stock market today: Nasdaq, S&P 500 sell-off as Nvidia sinks 8%, Trump reiterates tariff plans
An upbeat tone is seeping into markets as investors dig into Nvidia's quarterly earnings beat, which signaled plenty of scope for growth.
An upbeat tone is seeping into markets as investors dig into Nvidia's quarterly earnings beat, which signaled plenty of scope for growth.
Nvidia stock sank 8.5% Thursday as investor enthusiasm over Blackwell AI sales was dampened by Nvidia's lower-than-expected guidance for first quarter gross margins.
Stocks slid Thursday, weighed down by chipmaker Nvidia, which dragged semiconductor and other AI stocks lower.
Shares of medical technology company Teleflex (NYSE:TFX) fell 22.9% in the morning session after the company reported disappointing fourth-quarter results, with revenue missing expectations by a significant margin. On a constant currency basis, revenue increased 3.2%, but this still fell short of Wall Street's estimates. Weak demand in Interventional Urology wiped out gains in the Interventional and Surgical units. Looking ahead, the company's 2025 revenue guidance implies little to no growth, w
Shares of plant-based food and beverage company SunOpta (NASDAQ:STKL) fell 18.8% in the morning session after the company reported weak fourth-quarter results: its gross margin missed significantly, and its full-year EBITDA guidance fell short of Wall Street's estimates. However, SunOpta exceeded analysts' EPS projections and delivered a slight EBITDA beat. While these positive aspects are noteworthy, the overall performance for the quarter was underwhelming.
Shares of higher education company Strategic Education (NASDAQ:STRA) fell 17.6% in the afternoon session after the company reported weak fourth-quarter results, with domestic student numbers falling short of expectations. Revenue for the quarter grew modestly by 2.9% year-on-year, but operating income declined significantly compared to the same period last year. On the other hand, Strategic Education beat analysts' EPS and EBITDA expectations this quarter. Zooming out, we think this was a mixed
Shares of personal care and home fragrance retailer Bath & Body Works (NYSE:BBWI) fell 12.8% in the afternoon session after the company reported weak fourth-quarter results: Sales declined 4.3% year-on-year, partly due to a calendar shift. Looking ahead, the company expects full-year revenue to grow modestly by 1% to 3%, with EPS projected to decline compared to the prior year. Meanwhile, Bath & Body Works exceeded analysts' EBITDA expectations this quarter, and its gross margin slightly outperf
Shares of digital medical services platform Teladoc Health (NYSE:TDOC) fell 16.4% in the pre-market session after the company shared poor fourth-quarter numbers: full-year EBITDA guidance missed significantly, and next quarter's sales outlook fell short of Wall Street's estimates. Revenue dropped 3% from last year. However, international sales were a bright spot, growing 10%. Still, it was a weaker quarter for the company.
Shares of marketing analytics software Semrush (NYSE:SEMR) fell 16.8% in the afternoon session after the company reported underwhelming fourth-quarter results: full-year revenue guidance fell short, and customer growth showed signs of deceleration.
The UK aerospace and defense giant posted better-than-expected results on Thursday and announced a share buyback worth $1.3 billion.