S&P 500 Gains and Losses Today: Stocks Fall for Fourth Day, Led by Weak Sempra Earnings
Key Takeaways
Major U.S. equities indexes were mixed after a
weak consumer confidence report
and losses from several noteworthy tech firms.
The
S&P 500
fell 0.5%, marking the benchmark index's
fourth straight session of decline
. The tech-focused
Nasdaq
fell 1.35%, while the
Dow Jones Industrial Average
was higher by 0.4%.
Energy company Sempra's (
SRE
) share price fell 19.0%, the most of any company in the S&P 500. Its fourth-quarter earnings and revenue each
came in lower than expected
. The gas and electric holding company also cut its 2025 earnings outlook, citing "recent and planned regulatory matters and the backdrop of a higher-cost environment."
Tesla (
TSLA
) shares continued their recent slide by dropping nearly 8.4% after reports that
European registrations
for its electric vehicles were cut almost in half. The stock has lost roughly a quarter of its value so far this year and has become the
weakest performer
in the Magnificent 7 so far this year.
Super Micro Computer (
SMCI
) shares fell 11.8% during the trading session as the
deadline approached
for the server maker to file its
Form 10-K
for fiscal 2024. However, it clawed all of that ground back and more in after-hours trading after it filed the required documents before the deadline.
Shares of Solventum (
SOLV
) jumped by 9.5% to lead S&P 500 gainers after the medical device maker agreed to
sell its purification and filtration business
to Thermo Fisher Scientific (
TMO
) for $4.1 billion.The health care company was
spun off from 3M
(
MMM
) in April 2024 and said it plans to use proceeds from the Thermo Fisher deal to
pay down debt
.
Real estate investment trust
American Tower (
AMT
) shares jumped by 6.1% after it posted better-than-expected revenue as its telecom and wireless carrier clients drove higher leasing demand.