Shares of industrial fluid and energy systems manufacturer Graham Corporation (NYSE: GHM)
fell 2% in the afternoon session after the major indices continued to retreat (Nasdaq -1.5%, S&P 500 -1.2%) amid profit-taking and renewed concerns about tariffs. The sell-off was partly triggered by the latest ISM Manufacturing report, which showed activity in the sector shrinking for a sixth consecutive month. This news sparked a risk-off sentiment among investors, sending major indexes like the S&P 500 and Nasdaq down by more than 1%. Adding to the concerns, the ISM report highlighted executives' worries about unstable tariffs and a weakening global economy, which has led to decreased orders. The negative market-wide reaction to this economic data appears to be the primary driver behind the decline in Graham Corporation's shares, as no company-specific news was reported.
Shares of athletic apparel retailer Lululemon (NASDAQ:LULU)
fell 1.6% in the afternoon session after Jefferies lowered its price target on the stock, adding to investor concerns about the athletic apparel maker's growth prospects. The investment firm reduced its price target to $150 from $160 while maintaining its "Underperform" rating. This bearish view comes amid broader worries about the company's performance, particularly a slowdown in U.S. traffic, which is a significant risk given the U.S. market represents three-quarters of Lululemon's revenue. Compounding these concerns, the company is set to report second-quarter results on September 4, with analysts' consensus estimates suggesting a nearly 10% decline in earnings per share from the year-ago period, even as sales are expected to grow.
Shares of online learning platform Coursera (NYSE:COUR) fell 4.8% in the afternoon session after the stock fell in sympathy with the broader market, which saw a significant downturn led by the technology sector.
Shares of visual content marketplace Getty Images (NYSE:GETY) fell 2.7% in the afternoon session after the major indices continued to retreat (Nasdaq -1.5%, S&P 500 -1.2%) amid profit-taking and renewed concerns about tariffs.
Shares of industrial distributor DXP Enterprises (NASDAQ:DXPE) fell 3.2% in the afternoon session after the major indices continued to retreat (Nasdaq -1.5%, S&P 500 -1.2%) amid profit-taking and renewed concerns about tariffs.
Shares of online casino and sports betting company Rush Street Interactive (NYSE:RSI)
fell 3.5% in the afternoon session after the major indices continued to retreat (Nasdaq -1.5%, S&P 500 -1.2%) amid profit-taking and renewed concerns about tariffs.
Shares of fantasy sports and betting company DraftKings (NASDAQ:DKNG)
fell 1.9% in the afternoon session after reports revealed Crypto.com and Underdog Sports are partnering to launch sports prediction markets in the U.S., signaling increased competition in the sector. The news sent shares of other European betting and gambling companies, including Entain and Evolution, lower as well. According to a CNBC report, the new platform from Crypto.com and Underdog Sports will initially target 16 states where sports betting is not yet legalized. The partnership highlights a growing crossover between financial trading and sports betting through prediction markets, where users trade contracts based on the outcome of sporting events. This development could heighten competitive pressure in an industry already navigating rapid digitalization and regulatory shifts, with other firms like Robinhood and Kalshi also entering the space.
Financial markets are currently buzzing with intense anticipation, as a significant majority of investors and analysts are now forecasting a 25 basis-point interest rate cut by the Federal Reserve at its upcoming Federal Open Market Committee (FOMC) meeting on September 16-17, 2025. This widely expected move would mark a pivotal
Netflix continues to grow with diverse content, live sports, tighter policies and price hikes. Stock up 36% this year. Major programming announcements and international films.
Reliance Industries, led by Mukesh Ambani, unveiled Jio Frames smart glasses and a $50 billion AI push with Google and Meta partnerships, intensifying its challenge to global tech and consumer brands like Meta, Starbucks, Coca-Cola, Pepsi, and Netflix.
The financial world is abuzz with the strong likelihood of impending interest rate cuts by the Federal Reserve, a significant pivot in monetary policy that has sent ripples across global markets. Following Federal Reserve Chair Jerome Powell's recent address at the annual Jackson Hole Economic Symposium, Wall Street has largely
Shares of laser company nLIGHT (NASDAQ:LASR) fell 4.1% in the afternoon session after announcements of new U.S. export restrictions on semiconductor technology to China. The U.S. Department of Commerce announced it was closing a loophole that allowed some foreign companies to export semiconductor manufacturing equipment to China without a license. This regulatory tightening creates a new headwind for the industry.
Shares of self defense company AXON (NASDAQ:AXON)
fell 3.6% in the afternoon session after a broader downturn in the technology sector placed the company among the Nasdaq 100's biggest decliners.
Shares of cloud communications provider 8x8 (NASDAQ:EGHT) fell 2% in the afternoon session after a broader market selloff that particularly impacted technology stocks.
Shares of electricity generation and hydrogen production company Bloom Energy (NYSE:BE) fell 2.4% in the morning session after the stock appeared to be taking a breather as a strong rally left it in technically overbought territory.
Shares of semiconductor production equipment provider Amtech Systems (NASDAQ:ASYS) fell 2.6% in the morning session after the semiconductor sector pulled back, triggered by a disappointing forecast from peer Marvell Technology.
