4/16/25

US stocks slump, with tech heavyweights cratering on fresh semiconductor export restrictions

US stocks slid, with tech leading the way down as chipmakers face additional curbs on what they can sell to China. Major indexes extended losses after Fed Chair Jerome Powell reiterated the message that the central bank is in no hurry to respond to the hit to growth from tariffs because these levies will also put upward pressure on inflation.

The S&P 500 ended down 2.2%, the Nasdaq 100 fell 3%, and the Russell 2000 gave back 1%.

Tech was the worst-performing S&P 500 sector ETF, with all besides energy finishing in the red.

After the close on Tuesday, Nvidia said it was taking a $5.5 billion charge in its upcoming earnings report because the chip designer is no longer allowed to sell its H20 chips to China. Shares tumbled on the news, with analysts rushing to figure out how much these exports restrictions will dent earnings. That wasn’t the only bad news for semis on the day, as Dutch chip equipment manufacturer ASML slumped on lower-than-expected sales and orders.

Elsewhere in pain for Magnificent 7 stocks, Apple gave back all of the gains it made following the tariff exemptions announced Friday after the close, while Tesla slumped hard on a string of bad news.

United Airlines initially soared after reporting better-than-expected earnings after the close on Tuesday, but gave back that advance to finish flat. The airline provided two sets of guidance, and the numbers for the recessionary scenario look very optimistic relative to history.

Car rental company Hertz was a standout performer, spiking more than 50% after Pershing Square, run by Bill Ackman, revealed a 4% position in the stock.

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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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