The S&P 500 closed lower, extending its sell-off due to fresh concerns about tariffs and economic uncertainty. Teradyne (TER) experienced the steepest decline among S&P 500 stocks after updating guidance to reflect the impact of U.S. trade policies. Delta Air Lines (DAL) reduced its sales and profit forecasts for Q1, citing economic uncertainty affecting travel demand. Verizon Communications (VZ) noted increased competition and delayed device upgrades impacting subscriber growth. Conversely, Super Micro Computer (SMCI) shares surged following a ‘buy’ rating reinitiation by Rosenblatt Securities, highlighting its AI capabilities. Southwest Airlines (LUV) shares rose after announcing a basic economy ticket option with checked bag fees. Palantir Technologies (PLTR) rebounded slightly after a significant sell-off, with analysts remaining optimistic about its long-term outlook. The S&P 500 fell below its 200-day moving average for the first time since 2023, signaling potential prolonged market weakness. Tesla (TSLA) shares jumped after a previous day’s decline, though they remain in an extended sell-off since President Trump took office. Small business owners expressed rising uncertainty due to Trump’s policy changes, leading to increased prices. Several airlines scaled back their outlooks due to softening demand amid economic uncertainty. — news from Investopedia
