The White House is reportedly still ironing out tariff details
Stocks are higher this afternoon, as Wall Street eyes President Trump’s highly anticipated tariff announcement later today. The White House is reportedly finalizing details, with options ranging from reciprocal, country-specific levies to a tiered system, effective immediately. Investors are also unpacking the latest jobs data, with the Dow Jones Industrial Average (DJI) and Nasdaq Composite (IXIC) solidly higher, while the S&P 500 Index (SPX) is just above breakeven.
Continue reading for more on today's market, including:
- Weak EV deliveries ding Tesla and Rivian shares.
- CEO investment sparks Petco stock rally.
- Plus, BB options heat up; DoorDash and Domino's team up; and fintech stock hits record low.
BlackBerry Ltd (NYSE:BB) stock is sinking today, last seen 8.5% lower to trade at $3.42, after the Canadian software firm issued a weaker-than-expected annual revenue forecast, despite reporting a surprise fourth-quarter profit of 3 cents per share on $141.7 million in revenue, both of which topped expectations. Despite the drop, options traders are chiming in. So far 28,000 calls and 9,451 puts have swapped hands -- 4 times the average intraday volume -- led by the weekly 4/4 3.50-strike call, where new positions are being opened. BB is now down 11.7% year to date.
DoorDash inc (NASDAQ:DASH) stock is one of the SPX's top performers today, last seen up 3.4% at $188.60. These gains follow news of a new partnership with Domino’s Pizza (DPZ), whose drivers will deliver orders placed through the DoorDash app. While financial terms weren't disclosed, the move could expand DoorDash’s reach and boost Domino’s access to new customers. DASH added 75.1% in the last nine months, and stands 12.3% taller in 2025.
nCino Inc (NASDAQ:NCNO) is the worst-performing IXIC stock today, last seen down 25.5% at $20.95, after the fintech firm reported disappointing fourth-quarter results and issued disappointing guidance for the current quarter and full year. The company posted adjusted earnings of 12 cents per share, missing estimates by 7 cents. Earlier slipping to an all-time low of $18.75 amid a flurry of bear notes, NCNO is pacing for its worst single-day drop on record, and is now down 39% year-to-date.
