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The S&P 500 fell by 0.5% on Tuesday, Feb. 25, after a weak consumer confidence report raised investor worries over slower growth.
Energy company Sempra shares plummeted after the gas and electric holding company reported disappointing earnings and a weak outlook.
Solventum’s stock jumped after the medical device maker agreed to sell its purification and filtration business to Thermo Fisher Scientific.
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.
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