Teradyne Stock Plunges as Firm Foresees Tariff Affects
Key Points
- The S&P 500 fell 0.8% on Tuesday, March 11 as investors digested the latest trade policy shift.
- Teradyne’s stock was slumped after electronic testing equipment manufacturers said tariffs and trade restrictions could limit growth.
- Southwest Airlines shares soared, the airline said it would start offering basic economic options and offer fees for checked baggage.
Major U.S. stock indexes fell on Tuesday, expanding the downward trend of stocks.
President Donald Trump announced he would raise tariffs on steel and aluminum imported from Canada to 50%, and negotiations were reportedly begun, which could prevent threats Later that day.
The S&P 500 fell 0.8%, while the Dow Jones Industrial Agencies lost 1.1% per day. After fluctuating throughout most of the meeting, Nasdaq High Technology’s NASDAQ slowed down by 0.2%.
Teradyne(ter) Stocks fell sharply the biggest in any S&P 500 shares Tuesday, down 17.1% after electronic test equipment maker Updated guidance Reflects the potential impact of U.S. trade policy. Teradyne said in a speech to investors it anticipated the recent volatility of its semiconductor testing business and highlighted other uncertainties related to tariffs and trade restrictions.
Delta airline (Dahl) Reduced its sales and profit forecasts In the first quarter, please note that economic uncertainty is weighing on travel demand. Delta CEO noted a slowdown in corporate and consumer spending, with businesses and consumers spending in response to the hazy macroeconomic outlook. Delta shares fell 7.2% on Tuesday.
Other stocks in the tourism industry Under pressure After Delta warns of demand trends. Stocks of Expedia Group, an online booking platform (Expe) sank 7.3%, while stocks in numerous hotel and cruise operators have also declined.
Southwest Airlineslike), the carrier said it would soar 8.3% Launch basic economic ticket options There will be a check bag later this year. Changes in Southwest trademark privileges are designed to boost revenues following a dispute with activist investor Elliott Investment Management.
Telecom giant Verizon Communications (VZ) indicates that competition and high prices may increase Weigh subscriber growth. It also noted that customers wait longer to upgrade their equipment, rather than in previous years. Verizon shares fell 6.7%.
Server manufacturer Super Microcomputer Stock (SMCI) The S&P 500 was up 10.7% after Rosenblatt Securities restarted its stock coverage with a “buy” rating. Analysts point out that investors appreciate the super-face capability when it comes to innovative design and manufacturing scale. Rosenblatt’s team also highlights the unique elements of the super architecture that are key to optimizing the performance of artificial intelligence (AI).
Crowdstrike Holdings(Crust) Stock jumped 6.8%, capturing some of the huge losses released by cybersecurity companies after they are issued Lower than expected full-year profit guidance. However, many analysts Stay positive In terms of CrowdStrike stock, the company’s strong quarterly performance and stable market position were highlighted. CrowdStrike’s CEO said he expects annual recurring revenue to be recalculated after product deployment, discount expiration and contract renewal.