2/27/25

Stocks tumble, S&P 500 erases 2025 gains

The S&P 500 and Russell 2000 tumbled 1.6% while the Nasdaq 100 dove 2.8% on Thursday. The benchmark US stock index is now negative in 2025.

Stocks faced intense selling pressure after President Trump committed to putting 25% tariffs on imports from Canada and Mexico and 10% on China beginning March 4. However, a basket of tariff-exposed stocks managed to outperform the Magnificent 7 by about 1%, suggesting the losses were more deeply centered around the inability of Nvidia’s results to rejuvenate the AI trade or momentum stocks.

Tech was the worst-performing S&P 500 sector ETF, down 3.6% in its worst day since the DeepSeek-induced sell-off. Financials led the way higher, with energy and real estate also gaining.

The formerly $3 trillion chip designer reported revenues and earnings that exceeded expectations, but traders dumped the stock en masse anyway. Tesla’s abysmal run continued, with the stock now down at least 1.5% in six straight sessions for the first time since the depths of the Covid panic in March 2020. Amazon’s new quantum chip was overshadowed by all the profit-taking in the megacaps, as were reports of Meta teaming up with Apollo to finance data centers.

Bath & Body Works dropped double digits after issuing a poor outlook; Teladoc was in the same boat after whiffing on earnings. Weak guidance also drove a sell-off in Norwegian Cruise Line.

Some bright spots on the tape:

Warby Parker gained after posting better-than-expected quarterly revenues as well as earnings, and also announced a new partnership with Target.

Big subscriber growth for Warner Bros. Discovery propelled shares higher.

Canadian cannabis company Cronos Group also soared after its fourth-quarter earnings flipped from losses to gains.

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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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