Markets
Nia Warfield

Stocks end mixed as investors digest weak 30-year bond auction and new tariffs

Stocks were mixed Thursday, under some pressure after a weak 30-year Treasury auction and fresh trade noise as President Trump announced plans for new chip tariffs, which included exemptions for companies building in the US.

The S&P 500 slipped 0.08%, but closed well off session lows. Meanwhile, the Nasdaq 100 reversed off lows of the day to finish 0.32% up. The Russell 2000 fell 0.30%.

Utilities and consumer staples led S&P 500 sector ETFs, while financials and healthcare lagged — dragged down by names like Eli Lilly, which reported disappointing trial results for its next-gen weight-loss pill despite crushing earnings expectations.

Gains on the day were led by AppLovin, which jumped 12% after the ad tech firm initially failed to impress traders with earnings after the bell yesterday. Declines were led in part by Airbnb, which fell 8% after the home-share giant topped Q2 estimates on Wednesday but warned of a slower back half of the year. 

Elsewhere…

Joby Aviation shares fell another 9% after the air taxi company reported a worse-than-expected loss for the second quarter on Wednesday.

Duolingo shares rallied 13% after the language-learning company soundly beat Q2 estimates and raised both its full-year and third-quarter sales guidance.

Sunrun skyrocketed 32% after the energy storage and solar panel provider reported a surprise second-quarter profit and record customer demand for its energy storage systems.

Celsius shares popped 17% after the energy drink maker reported Q2 revenue of $739 million, blowing past analysts’ expectations of $652 million as its market share picks up.

Peloton jumped as much as 22% premarket before closing flat after the connected fitness company topped Q4 estimates and announced a cost restructuring plan to save at least $100 million in run-rate savings.

Apple shares jumped 3% after President Trump said “companies like Apple,” including other firms that build in the US, will avoid 100% chip tariffs.

NRG shares rose 3% after the power producer and energy trader’s adjusted earnings fell short of Wall Street estimates, while GAAP results swung to a surprise loss.

Hertz soared 7.7% after the car rental company reported a better-than-expected adjusted loss for the second quarter and its first positive adjusted corporate EBITDA in seven quarters.

Sony shares traded 4.5% higher after the company raised its full-year operating profit forecast, thanks to a smaller-than-expected tariff hit and strong performance in its gaming division.

DoorDash shares rose 5% after the food delivery giant topped Q2 estimates and posted its fourth consecutive profitable quarter.

Crocs shares sank 29% after the funky foam clog maker beat second-quarter estimates but offered a murky outlook as demand cools in North America, its key market.

Bumble shares fell 15% after the dating company reported a surprise loss in the second quarter after the bell Wednesday and has struggled to spark sales growth in recent years.

D-Wave Quantum dropped 2.3% after the Palo Alto-based quantum computing firm reported mixed second-quarter results, driven by a $142 million rise in the fair value of its warrant liabilities.

Intel fell 3% after President Trump posted on his social media platform, Truth Social, that CEO Lip-Bu Tan “is highly CONFLICTED and must resign, immediately.”

More Markets

See all Markets
Tasha Matsumoto
24h
Stocks tumble amid AI sell-off as a blowout jobs report dampens hope of a rate cut this year

The S&P 500 broke its streak of nine consecutive weekly gains, while the Nasdaq 100 had its worst day since April 2025.

Yellowstone: America's First National Park
Dickens, Great Expectations, He said, Aha! would you?

Tech tumbles as momentum stocks run into a blowout jobs report and a wave of profit-taking

The AI trade is under some pressure, taking prices back like... a few days. President Donald Trump is not a fan of the price action.

David Crowther6/5/26
Trump Administration Considers Reclassifying Marijuana As A Less Dangerous Drug

Trulieve to list on NYSE, a first for US cannabis sector

More may be on the way: several other US cannabis companies have announced reverse stock splits with the intention of listing on a major exchange.

J. Edward Moreno6/5/26
markets
Helena Cheng

Lululemon’s stretch getting tested: Stock plunges after after outlook is cut

Lululemon shares are down double digits in premarket trading after the company cut its full-year sales and profit outlook, overshadowing a Q1 beat and raising fresh concerns about the brand’s turnaround efforts.

The company now expects fiscal 2026 revenue to be flat to down 1%, compared with its prior forecast for 2% to 4% growth. Guidance for full-year diluted earnings per share was dragged down to a range of $10.95 to $11.15, below the company’s previous guidance of $12.10 to $12.30 and well below Wall Street’s estimate of $13.26.

Key numbers for Q1:

  • EPS of $1.69 vs. the $1.68 expected.

  • Revenue of $2.47 billion vs. the $2.43 billion expected.

The modest top-line beat masked a widening divergence between Lululemon’s geographic markets. While international revenue rose 22% overall with a 30% increase in Mainland China, the bigger problem remains North America, where revenue fell 5%.

Interim co-CEO and CFO Meghan Frank acknowledged during the earnings call that recent product rollouts underperformed. A highly anticipated yoga campaign failed to generate its expected “halo effect” across broader product lines.

Profitability metrics took a major hit, with gross margins contracting by 410 basis points to 54.2% due to mounting tariff costs and promotional markdowns. Operating income consequently fell 37% year over year to $276.9 million.

“We experienced spikes of negative commentary in the media and on social channels with regard to our brand, which had an impact on traffic and overall top-line performance,” Frank said during the earnings call. “And second, not all of our product launches have met our expectations. While we have had several successful launches so far this year, we have seen others as we start Q2 not generate the anticipated guest response.”

Lululemon’s valuation has already been steadily compressing for years. While it was once one of retail’s richly valued stocks, investors have been questioning whether the company can return to the double-digit growth era.

The results also arrive during a leadership transition. Lululemon announced back in April that former Nike executive Heidi O’Neill is set to take over as CEO in September, with investors looking to her to revive growth in North America and restore the brand’s growth.

As Lululemon faces both macroeconomic pressure and brand-specific challenges, its stock has dropped around 40% year to date.

markets
Paige Oamek

US job growth skyrocketed in May, blasting past expectations

The US economy added 172,000 jobs in the month of May, the Bureau of Labor Statistics reported Friday, sending 10-year Treasury yields higher.

The strong May job market surprised economists. Experts had predicted only 85,000 new jobs — just half the reported number. The unemployment rate held steady at 4.3%, as expected.

The job growth story is a hopeful spot for the economy as consumers continue to feel inflationary pressure from the Iran war.

Job gains were buoyed by the leisure and hospitality sector, which added 70,000 jobs, as well as local government, healthcare, and education.

Both the March and April jobs reports were revised upward, making them collectively 93,000 higher than previously reported.

Latest Stories

Sherwood Media, LLC and Chartr Limited produce fresh and unique perspectives on topical financial news and are fully owned subsidiaries of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, Robinhood Money, LLC, Robinhood U.K. Ltd, Robinhood Derivatives, LLC, Robinhood Gold, LLC, Robinhood Asset Management, LLC, Robinhood Credit, Inc., Robinhood Ventures DE, LLC and, where applicable, its managed investment vehicles.
©2026 Sherwood Media, LLC