In a volatile midday trading session, several significant stocks have experienced notable movements, reflective of the broader market's fluctuations. American Airlines shares dropped by 2.5% following a regional jet's collision with an Army helicopter in Washington, D.C., raising concerns about safety and operational disruptions. Meanwhile, Nvidia's stock fell more than 3% amid ongoing selling pressure, continuing a downward trend that has seen it decline over 16% this week.
In addition to these developments, Teradyne suffered a steep dip of 6.5% despite delivering mixed guidance. The company's first-quarter revenue forecast fell short of analysts' expectations, which averaged $693.5 million. This disappointing outlook has contributed to a lack of investor confidence.
UPS also faced a substantial decline, plummeting 16% in response to an agreement with Amazon that will see the delivery giant reduce its volume by over 50% by the second half of 2026. This decision significantly impacts UPS, as Amazon is its largest customer, leading to fears about future revenue streams.
On a more positive note, Las Vegas Sands reported a remarkable gain of over 10%, fueled by better-than-expected revenue figures for the fourth quarter. The company's solid performance contrasts sharply with the struggles faced by other firms in the sector.
International Business Machines (IBM) experienced a significant uptick of 12% following its announcement of better-than-expected fourth-quarter results. IBM reported $10.69 billion in revenue for the period, although this figure slightly missed analysts' expectations of $10.97 billion, showcasing resilience in a challenging economic environment.
ServiceNow, however, faced a sharp drop of more than 12% due to weak first-quarter revenue guidance. The company anticipates revenues between $2.995 billion and $3 billion, which falls short of the FactSet consensus estimate of $3.03 billion, raising concerns among investors.
Meanwhile, Microsoft saw its shares dip by approximately 6%, marking its worst day since October 31. The decline follows disappointing revenue guidance that has left analysts and investors wary of its future performance.
Cigna also struggled, with shares falling by 8% after reporting fourth-quarter results that missed estimates, further contributing to the day's tumultuous trading.
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