US Markets Slide as Tariff Tensions and Mixed Corporate Earnings Weigh on Stocks

Investors shift from 'safe' stocks to beaten-down names while new tariffs and weak guidance add pressure to the S&P 500.

President Trump's announcement of new tariffs on Canada contributed to a broad market sell-off, with the S&P 500 nearing a technical correction, down 0.8%.
Stocks that had previously held up well, such as Verizon and General Mills, saw declines, while heavily beaten-down names like Palantir rebounded slightly.
Dick's Sporting Goods reported better-than-expected Q4 earnings but issued weaker guidance for 2025, which led to a 6% drop in its stock price.
Oracle's shares fell after missing Q3 earnings and revenue expectations, and issuing lower guidance for Q4, despite growth in its cloud services backlog.
Momentum stocks outperformed for the first time during the recent market downturn, marking a shift in investor behavior as volatility persists.