Key Takeaways
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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