3/21/25

S&P 500 erases huge losses after Trump vows “flexibility” on upcoming tariffs

Stocks opened deep in the red, but erased nearly all their losses after President Donald Trump said there would be some “flexibility” on tariffs he plans to enact on April 2.

Buoyed by a late charge (likely influenced by the triple-witching expiry of stock, index, and ETF options), the S&P 500 managed to close marginally higher and the Nasdaq 100 booked a 0.4% gain, while the Russell 2000 dipped 0.6%.

The benchmark US stock index posted its first weekly gain since Valentine’s Day.

The S&P 500 sector ETFs home to the Magnificent 7 (communication services, consumer discretionary, and tech) were the only ones to go positive on the day.

Most S&P 500 constituents fell: in fact, going back to 1997, there have only been eight other sessions where the advance-decline was this negative and the benchmark stock index gained on the day.

Super Micro Computer was the top performer on the S&P 500 after the server company was upgraded by JPMorgan.

Tesla was also a standout gainer, as CEO Elon Musk’s all-hands meeting seemingly offset the negative fundamental headlines that have piled up around the company, at least for one day.

Boeing took flight while Lockheed Martin swooned after Reuters reported that the former beat out the latter for a contract to build a new jet for the Air Force.

Nike floundered after warning of sales declines going forward, at one point erasing all the stock’s gains since October 2015.

FedEx tumbled after missing on earnings and saying profits would be down this year.

Micron’s margin pressure was front-of-mind for traders selling off the stock despite its solid quarterly results.

Carnival dipped after its near-term guidance came in a little light relative to the Street’s estimates.

Chinese EV maker Nio also took the red pill after whiffing on earnings and issuing sales and delivery guidance for Q1 way below analysts’ projections.

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Nia Warfield, Luke Kawa

S&P 500 goes nowhere, Nasdaq 100 hits another record, small-caps tumble

Warner Bros. Discovery led gains for the second day in a row, and only three S&P 500 sector ETFs finished in the green.

Horse Ranch In Zhangye

markets

9/12/25

Rocket lab soars to new record close amid rally for retail faves

Rocket Lab ripped by roughly 10% Friday to close at a new all-time high, riding an upturn of retail enthusiasm for a coterie of tech-themed favorites, even as the broader market was more or less flat on the day.

Goldman Sachs’ basket of “retail favorites” — its heaviest weights are Reddit, AppLovin, and Tempus AI — was the second-biggest gainer among the company’s flagship US equity baskets on Friday, rising about 1.6%. The S&P was almost dead flat.

It’s not Rocket Lab’s first retail rodeo, as the money-losing company has more than doubled this year and is up nearly 700% over the last 12 months.

Oracle Wall Street Revisions

Analysts revise up anything and everything they thought about Oracle

After the company’s bombshell earnings this week, Wall Street thinks Oracle’s trajectory has changed.

Matt Phillips9/12/25

markets

9/12/25

Six Flags pops after reiterating its guidance as theme park attendance rebounds

Six Flags shares rose more than 7% today after the company reported a rebound in attendance and early season pass sales heading into the fall. The nine-week period ended August 31 saw 17.8 million guests, up about 2% from the same stretch last year, with stronger momentum in the final four weeks.

More importantly, Six Flags reaffirmed its full-year adjusted EBITDA guidance of $860 million to $910 million, showing confidence that its cost and operations strategy can stay strong for the duration of the year. Riding that wave, Six Flags also said early 2026 season pass unit sales are pacing ahead of last year, and average season pass prices are up about 3%.

The good vibes come despite a drop in in-park per-capita spending, especially from admissions, where promotions and changes to attendance mix (which parks or days guests visit) have weighed. Earlier this week, the amusement giant signed a new agreement that extended its position as the exclusive amusement park partner for Peanuts™ in North America through 2030.

Despite the rally, Six Flags shares are down about 52% year to date.

markets

9/12/25

Rivian turns red on the year, squeezed by a recall and the looming end of the EV tax credit

Shares of EV maker Rivian are down more than 5% on Friday following the company’s recall of 24,214 vehicles due to a software issue. The stock move erases Rivian’s year-to-date gain and turns the company negative on the year.

Rivian’s 2025 model year R1S and R1T are affected by the defect, which was identified after a vehicle’s hands-free highway assist software failed to identify another vehicle on the road, causing a low-speed collision. Rivian said it’s released an over-the-air update to fix the issue.

The recall marks Rivian’s fifth this year, affecting nearly 70,000 of its vehicles.

Rivian’s shares are down more than 20% from their 2025 high, which came prior to the passage of President Trump’s “big, beautiful bill.” Through the legislation, the $7,500 EV tax credit is set to expire at the end of the month.

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