:max_bytes(150000):strip_icc()/GettyImages-2199852967-042a95bf2d9248669a34d81f0f497a0d.jpg "Deckers & Ross Stocks Drop: Outlook Concerns")
Deckers & Ross Stocks Drop: Outlook Concerns
- equities indexes closed lower Friday as President Trump's renewed focus on trade policy and potential tariffs weighed on market sentiment.
- Shares of Deckers Outdoor, the parent company of Hoka and Ugg, experienced a notable drop after the company chose not to provide full-year guidance, citing tariff uncertainties.similarly, Ross...
- Bucking the trend, Intuit shares surged after the company reported strong quarterly results and raised its full-year forecast.The tax and accounting software firm also stands to potentially benefit...
Deckers & Ross Stocks Drop: Outlook Concerns
Stocks stumbled as tariff anxieties resurfaced, impacting Deckers Outdoor and Ross Stores, causing their shares to tumble. The omission of full-year guidance from both companies, fueled by tariff uncertainties, sent shockwaves through the market, signaling potential headwinds for retailers. Despite the overall downturn, Intuit’s stock price soared, fueled by robust quarterly results and the potential boost from a House budget bill that could reshape tax-filing programs. Renewables edged up, contrasting wiht the sell-off. Elsewhere,Crowdstrike achieved a record high. News Directory 3 follows the stock market’s twists and turns. Discover what’s next.
Stock Market drops Amid Tariff Concerns; Intuit Surges
Updated May 26, 2025
U.S. equities indexes closed lower Friday as President Trump’s renewed focus on trade policy and potential tariffs weighed on market sentiment. The S&P 500, Dow, and Nasdaq all experienced declines, marking a negative end to the trading week ahead of the long weekend.
Shares of Deckers Outdoor, the parent company of Hoka and Ugg, experienced a notable drop after the company chose not to provide full-year guidance, citing tariff uncertainties.similarly, Ross Stores also withheld its full-year outlook due to potential tariff impacts, leading to a decline in its stock price. These announcements highlight the ongoing concerns about how trade policies could affect company performance and the stock market.
Bucking the trend, Intuit shares surged after the company reported strong quarterly results and raised its full-year forecast.The tax and accounting software firm also stands to potentially benefit from the House budget bill, which could eliminate free IRS tax-filing programs. This confluence of factors drove investor optimism and boosted Intuit’s stock.
Renewable energy companies, including Enphase Energy and AES Corp., saw some recovery after facing pressure from the House tax and spending bill’s provisions to remove green energy incentives. Simultaneously occurring, crowdstrike reached a record high, driven by recognition for its cybersecurity capabilities and integration into AI ecosystems.
What’s next
Investors will continue to monitor trade policy developments and their potential impact on corporate earnings and the overall stock market. Earnings reports and economic data will also provide further insights into the health of various sectors.