J.M. Smucker stock plummets due to warning about economic environment

From Yahoo Finance: 2025-06-10 11:52:00

At midday on June 10, 2025, J.M. Smucker Co. stock saw the biggest decline in the S&P 500 due to warnings about the economic environment, causing shares to plummet.

U.S. equities were mostly rising as investors awaited updates on U.S.-China trade talks. Walt Disney acquired complete control of Hulu from Comcast for $438.7 million, boosting shares.

Energy companies like Halliburton, APA, and Chevron surged alongside oil prices amid optimism about successful trade negotiations. Casey’s General Stores hit a record high after beating profit estimates and increasing dividends on strong sales.

United Natural Foods shares continued to fall due to a cyberattack disrupting operations. McDonald’s shares dropped after a double downgrade, citing declining foot traffic and potential sales impact from weight-loss drug demand.

Gold futures dipped, while the 10-year Treasury note yield remained stable. The U.S. dollar gained against the pound and yen, with minor changes against the euro. Most major cryptocurrencies saw price increases.



Read more at Yahoo Finance: Walt Disney, JM Smucker, McDonald’s, and More