US Major Indices Finish Lower Across the Board

  • Dow Jones Industrial Average fell by 204.57 points (-0.46%), closing at 44,632.99, dragged by weakness in industrials and renewed uncertainty around labor and earnings outlooks.
  • S&P 500 Index lost 18.91 points (-0.30%), ending at 6,370.86, pressured by broad-based losses in fintech, travel, and tech names.
  • NASDAQ Composite Index declined 80.29 points (-0.30%), settling at 21,098.29, with notable pullbacks in cybersecurity and electric vehicle stocks.
  • Russell 2000 shed 13.76 points (-0.61%) to close at 2,242.96, underperforming as small caps faced outsized pressure from recession-sensitive sectors and capital flow rotation out of riskier assets.

Despite the relatively modest percentage declines, market tone leaned cautious throughout the session. Mixed corporate earnings, inflation uncertainty, and macroeconomic headwinds kept investors risk-averse.

Notable Decliners Weighed Heavily on Market Tone

  • Whirlpool (WHR): Slumped 13.43% after disappointing guidance highlighted ongoing margin pressures and slower housing-related demand.
  • PayPal (PYPL): Dropped 8.68% as the fintech giant continued to struggle amid muted growth and increased competition in digital payments.
  • Rivian (RIVN): Fell 5.23% as electric vehicle sentiment remained sour, weighed by sluggish demand and operational concerns.
  • Palo Alto Networks (PANW): Lost 5.19% despite robust demand in the cybersecurity space, signaling potential valuation fatigue in tech.
  • Southwest Airlines (LUV): Declined 4.37%, dragged by industry-wide weakness as travel demand softens and fuel cost concerns rise.

Boeing (BA):

  • Dropped 4.30% after earnings beat expectations but investor focus remained on future production risks and labor tensions.
  • After-Hours Earnings Reactions 5% Down

Electronic Arts (EA):

  • Q1 2026 EPS: $0.79 vs. $0.10 expected — Beat
  • Revenue: $1.67B vs. $1.24B expected — Beat
  • After-hours reaction: Down 1.62%, possibly due to muted forward guidance or margin concerns.

Visa (V):

  • Q3 2025 EPS: $2.98 vs. $2.85 expected — Beat
  • Revenue: $10.2B vs. $9.84B expected — Beat
  • After-hours reaction: Down 3.07%, suggesting elevated expectations and cautious commentary may have weighed.

Seagate Technology (STX):

  • Q4 2025 EPS: $2.59 vs. $2.42 expected — Beat
  • Revenue: $2.44B vs. $2.41B expected — Beat
  • After-hours reaction: Down 7.67%, pointing to forward-looking concerns despite the headline beat.

Starbucks (SBUX):

  • Q3 2025 EPS: $0.50 vs. $0.64 expected — Miss
  • Revenue: $9.5B vs. $9.31B expected — Beat
  • After-hours reaction: Up 4.48%, with investors likely encouraged by revenue resilience despite earnings miss.

Booking Holdings (BKNG):

  • Q2 2025 EPS: $55.40 vs. $49.88 expected — Beat
  • Revenue: $6.8B vs. $6.54B expected — Beat
  • After-hours reaction: Down 2.52%, possibly reflecting concerns over cost pressures or macro travel outlook.
Conclusion: Tuesday’s session served as a reminder that markets, even amid bullish technical setups and strong corporate results, remain highly sensitive to broader uncertainties. The Dow’s retreat just below record highs signals hesitation, not weakness, with underlying support still in place. As major events unfold over the next few days, the direction of the Dow—and the broader market—may hinge on whether economic signals align with optimistic earnings or reinforce the cautious stance seen today.