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Stocks fell Thursday afternoon as President Donald Trump's pledge to temporarily exempt many imports from his 25% tariffs failed to deter a wider sell-off.

The Treasury secretary sought Thursday to persuade nervous investors that President Donald Trump’s economic policies are part of a larger, coherent vision.

(Bloomberg) -- Millennium Management, Citadel and other top hedge funds posted lackluster returns in February, as market gyrations reversed momentum on key trades and clobbered popular stocks.Most Read from BloombergTrump Administration Plans to Eliminate Dozens of Housing OfficesNJ College to Merge With State School After Financial StressRepublican Mayor Braces for Tariffs: ‘We Didn’t Budget for This’How Upzoning in Cambridge Broke the YIMBY MoldNYC’s Finances Are Sinking With Gauge Falling to

The chipmaker fell sharply early Thursday as its slight earnings outlook failed to impress investors looking for a boost to the AI trade.

The company forecasts net sales for 2025 to be between $6.2 billion and $6.3 billion, a year-over-year increase of 0.3%, versus 0.9% in 2024.

Pop culture collectibles manufacturer Funko (NASDAQ:FNKO) beat Wall Street’s revenue expectations in Q4 CY2024, but sales were flat year on year at $293.7 million. On the other hand, next quarter’s revenue guidance of $193 million was less impressive, coming in 21.5% below analysts’ estimates. Its non-GAAP profit of $0.03 per share was 2 cents below analysts’ consensus estimates.

Data visualization and business intelligence company Domo (NASDAQ:DOMO) reported Q4 CY2024 results topping the market’s revenue expectations, but sales fell by 1.8% year on year to $78.77 million. The company expects next quarter’s revenue to be around $78 million, close to analysts’ estimates. Its non-GAAP loss of $0.05 per share was 68.8% above analysts’ consensus estimates.