Latest Stories
Eli Lilly (LLY) Stock Is Up, What You Need To Know
Shares of global pharmaceutical company Eli Lilly (NYSE:LLY) jumped 3.8% in the afternoon session after a major competitor, Novo Nordisk, announced that its experimental obesity drug failed to show it was as effective as Lilly's tirzepatide in a head-to-head clinical trial.
Varonis Systems, Domo, DocuSign, Snowflake, and Atlassian Stocks Trade Down, What You Need To Know
A number of stocks fell in the afternoon session after the White House announced plans to raise global tariffs to 15%. The major stock indexes, including the S&P 500 and Nasdaq, also sank amid the uncertainty. The downturn came after President Trump announced the tariff increase in a post on Truth Social, stating the new rate would be effective immediately on countries that had been, in his words, "'ripping' the U.S. off for decades." The move sparked concern among trade partners, with Europe warning that such tariffs could put U.S. trade deals at risk. The market-wide slide reflected investor worries about the potential impact of these new global trade policies Additionally, investor concerns about disruption in the software industry from advancements in artificial intelligence (AI) continued to cause a sector-wide sell-off. The market started the week with a more cautious tone, reflecting this unease. The current wave of AI development was seen as having similar traits to previous tech cycles, marked by genuine innovation but also by exuberant expectations and sharp market reactions to new developments.
Why Asana (ASAN) Shares Are Getting Obliterated Today
Shares of work management platform Asana (NYSE:ASAN) fell 9.8% in the afternoon session after the White House announced plans to raise global tariffs to 15%.
RingCentral, Sprout Social, Tenable, Asure Software, and Amplitude Shares Plummet, What You Need To Know
A number of stocks fell in the afternoon session after the White House announced plans to raise global tariffs to 15%. The major stock indexes, including the S&P 500 and Nasdaq, also sank amid the uncertainty. The downturn came after President Trump announced the tariff increase in a post on Truth Social, stating the new rate would be effective immediately on countries that had been, in his words, "'ripping' the U.S. off for decades." The move sparked concern among trade partners, with Europe warning that such tariffs could put U.S. trade deals at risk. The market-wide slide reflected investor worries about the potential impact of these new global trade policies Additionally, investor concerns about disruption in the software industry from advancements in artificial intelligence (AI) continued to cause a sector-wide sell-off. The market started the week with a more cautious tone, reflecting this unease. The current wave of AI development was seen as having similar traits to previous tech cycles, marked by genuine innovation but also by exuberant expectations and sharp market reactions to new developments.
Why Zscaler (ZS) Stock Is Falling Today
Shares of cloud security platform Zscaler (NASDAQ:ZS) fell 10.7% in the afternoon session after the White House announced plans to raise global tariffs to 15%.
Datadog (DDOG) Stock Trades Down, Here Is Why
Shares of cloud monitoring platform Datadog (NASDAQ:DDOG) fell 11.6% in the afternoon session after the White House announced plans to raise global tariffs to 15%.
Samsara and Pegasystems Stocks Trade Down, What You Need To Know
A number of stocks fell in the afternoon session after the White House announced plans to raise global tariffs to 15%. The major stock indexes, including the S&P 500 and Nasdaq, also sank amid the uncertainty.
Why Cloudflare (NET) Shares Are Getting Obliterated Today
Shares of cloud security and performance company Cloudflare (NYSE:NET) fell 8.9% in the afternoon session after the White House announced plans to raise global tariffs to 15%.
Why MongoDB (MDB) Stock Is Nosediving
Shares of database platform company MongoDB (NASDAQ:MDB) fell 13% in the afternoon session after the White House announced plans to raise global tariffs to 15%.
First Watch, Wingstop, CAVA, Shake Shack, and Bloomin' Brands Stocks Trade Down, What You Need To Know
A number of stocks fell in the afternoon session after the Trump administration's announcement of new global tariffs, reignited trade policy uncertainty. The move came swiftly after the Supreme Court ruled the previous week that the president could not use the International Emergency Economic Powers Act (IEEPA) for such duties, a decision that had initially sent markets higher. However, the administration invoked a different authority, the Trade Act of 1974, to impose a 15% global tariff for up to 150 days. The rapid reimposition of trade barriers creates significant uncertainty for companies across multiple sectors that depend on international supply chains and global trade. Investors are now weighing the potential impact of these new duties on corporate earnings and broader economic activity.