From Yahoo Finance: 2025-03-26 16:58:00

The S&P 500 dropped 1.1% as tech stocks struggled and the White House planned to announce tariffs on car imports. Super Micro Computer, Arista Networks, Nvidia, and Tesla led the losses. Cintas saw a surge in shares after strong earnings from recent acquisitions. President Trump’s vehicle import levy reports caused the market stumble, with the Dow slipping 0.3% and the Nasdaq falling 2%.

Super Micro Computer shares plummeted 8.9% after Goldman Sachs downgraded the stock due to increased competition in the AI server market. Arista Networks and Nvidia also fell, with concerns about AI chip sales in China. Moderna stock dropped 7% after funding discontinuation for Gavi, impacting other vaccine manufacturers. Tesla shares fell 5.6% after a week of gains, threatening a rebound from a slump.

Cintas shares surged 5.8% after reporting better-than-expected sales and profits, driven by recent acquisitions. Paychex gained 4.2% following a strong quarterly earnings report despite lower-than-expected sales figures. Dollar Tree announced a $1 billion deal to sell Family Dollar, with shares rising 3.1%. The sale is expected to close in the second quarter, generating around $800 million in net proceeds.



Read more at Yahoo Finance: Supermicro, Arista Networks, and Nvidia Lead Tech Selloff