Overview

• The S&P 500 dropped 0.8%, marking its second straight day of losses after a nine-day rally erased earlier tariff-related declines.
• Vertex Pharmaceuticals shares fell 10% following a paused cystic fibrosis trial with Moderna and disappointing earnings tied to higher costs and Russian sales issues.
• DoorDash stock declined over 7% after missing revenue estimates and announcing acquisitions of Deliveroo for $4 billion and SevenRooms for $1.2 billion.
• Constellation Energy surged nearly 12%, leading the S&P 500, as strong AI-driven electricity demand boosted revenue and future outlook.
• Ford reassured investors that auto tariffs would not significantly impact vehicle prices, helping its stock rise 2.7%.