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MEDICAL EXECUTIVE-POST – TODAY’S NEWSLETTER BRIEFING

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Essays, Opinions and Curated News in Health Economics, Investing, Business, Management and Financial Planning for Physician Entrepreneurs and their Savvy Advisors and Consultants

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Here’s where the major benchmarks ended:

• The S&P 500^® (SPX) index dropped 100.12 points (-1.8%) to 5,346.56, and finished down 2.1% for the week; the Dow Jones Industrial Average^® ($DJI) dropped 610.71 points (-1.5%) to 39,737.26, and finished down 2.1% for the week; the NASDAQ Composite^®($COMP) fell 417.98 points (-2.4%) to 16,776.16, and ended down 3.4% for the week.  
• The 10-year Treasury note yield (TNX) fell to 3.79%, the lowest close since last December 27.
• The CBOE Volatility Index^® (VIX) rose to 23.66, the highest close since March 2023 after topping 29, a nearly two-year high, intraday.

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What’s up

• Trump Media & Technology popped 7.39% after the company unveiled its new streaming strategy.
• Clorox rose 7.42% in spite of lagging sales, as shareholders chose to focus on a strong bottom line instead.
• Cloudflare jumped 6.81% on a strong beat-and-raise earnings announcement.
• GoDaddy leapt 6.96% after management raised its full-year revenue guidance.
• VSee Health skyrocketed 74.90% due to its announcement that it’s developed a robot to assist patients in intensive care units.

What’s down

• Snap plummeted 26.97% after management forecast revenue will fall to the lower end of its expected range in spite of monthly active users continuing to increase.
• Prudential Financial fell 10.02% despite reporting stronger-than-expected earnings last quarter, but those numbers still missed Wall Street’s forecasts.
• Booking Holdings sank 9.17% as the online travel agency reported lower room nights than analysts anticipated.
• Atlassian plunged 17.06% in spite of strong earnings this quarter. The problem was poor revenue guidance for the rest of the year.
• Micron Technology led semiconductor stocks lower today, tumbling 8.68%.
• Reborn Coffee dropped 21.50% just a few days after announcing a strategic partnership with Chinese AI company Pengai Data Store

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Wells Fargo wealth management client is suing the company for alleged breach of fiduciary duty related to its cash sweep program, which pays customers interest rates as low as 0.05% on their uninvested cash.

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