2 weeks Ago
U.S. stock futures were little changed on Thursday night as investors awaited the release of a key inflation measure, amid ongoing tariff uncertainty.
were flat. and climbed 0.03% and 0.
03%, respectively. In extended trading, shares tumbled 10% after the athleisure company issued a weaker-than-expected for the first quarter and 2025. Wall Street is coming off a losing session for the major averages.
On Thursday, the 30-stock fell about 155 points, or 0.4%. The slid 0.
3%, while the dropped 0.5%. Those moves come after President Donald Trump announced on "all cars that are not made in the United States," the latest tariff development to roil the market.
Investors — concerned that rising signs of weakening consumer sentiment are raising the risk of a slowdown — are hoping April 2 will bring some much-needed clarity. "I don't expect that market volatility is going to calm until we have more policy [certainty]. And a lot of us are looking to see if we get that next week," New York Life Investments' chief market strategist Lauren Goodwin said on CNBC on Thursday.
"I'm not really seeing it. I anticipate that this volatility is here to stay with us." On the economic front, February's due Friday could confirm whether investors should be concerned about sticky inflation, especially after the recently raised its inflation forecast.
Economists polled by Dow Jones see the headline PCE price index reading rising 0.3% in February and 2.5% from 12 months earlier.
As of Thursday's close, Wall Street was headed for a second straight week of gains. The Dow is on track for a 0.8% advance week to date.
The S&P 500 is up 0.5% for the period, while the Nasdaq Composite is on pace for a 0.1% gain.
Stocks could stage a major comeback after April 2, much as they did in 2018 when investors from President Donald Trump, according to Fundstrat's Tom Lee. "The odds of a V-shaped recovery in stocks that come after April 2 is just extremely high, because we've already sequenced a lot of the panic that people saw in 2018," Lee told CNBC's "Closing Bell: Overtime" on Thursday. If that's the case, Lee expects the Magnificent Seven stocks could outperform.
As an example, he noted the recent recovery in Tesla, which is up nearly 10% this week after coming under pressure this year from CEO Elon Musk's involvement with the Department of Government Efficiency (DOGE). The electric vehicle stock is still off by 32% in 2025. "I think if Tesla is leading us into this balance, that's a bold case for Mag Seven to be the group to own in the next few months," Lee said.
Here are the stocks making the biggest moves in extended trading. — Shares tumbled 10% after the athleisure company issued a weaker-than-expected , even as fourth-quarter earnings and revenue topped analysts' expectations. Lululemon forecasts first-quarter earnings in a range of $2.
53 to $2.58 per share, compared to the $2.72 expected by analysts polled by LSEG.
First-quarter revenue of $2.335 billion to $2.355 billion was also lower than the $2.
39 billion consensus estimate. — Shares surged about 9% after the customer engagement platform posted fourth-quarter results that beat analysts' expectations. Braze posted adjusted earnings of 12 cents per share, topping the FactSet consensus estimate of 5 cents earnings per share.
Revenue of $160.4 million also exceeded the $155.7 million expected by analysts polled by FactSet.
Stock futures opened little changed Thursday night. rose by 15 points, or 0.04%.
and climbed 0.06% and 0.06%, respectively.
.
