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S&P 500 Gains & Losses Today: Deckers Outdoor, Ross Stores Stocks Fall as Firms Withhold Outlooks

Ugg White Platform Boots in NYC
Deckers, the parent company of Ugg and Hoka shoes was the ⛄top S&P 500 decliner on Friday, May 23, 2025.

Edward Berthelot / Getty Images

Key Takeaways

  • The S&P 500 fell 0.7% on Friday, May 23, 2025, as possible tariffs on smartphones and key trading partners regained the spotlight ahead of Memorial Day weekend.
  • Shares of footwear company Deckers Outdoor and retailer Ross Stores tumbled after both firms opted not to offer full-year guidance, citing tariff uncertainties.
  • Intuit shares surged after the TurboTax maker topped quarterly estimates and the House budget bill threatened free IRS tax-filing programs.

Major U.S. equities indexes lost ground on the final day of the trading week as President Donald Trump reverted to a tougher tone on trade policy, taking aim at Apple (AAPL) and the European Unionꦓ in a pair of early morning social media posts.

ꦉ The S&P 500 ꧂recorded its fourth straight negative trading session on Friday, declining 0.7%. The Dow was down 0.6%, while the Nasdaq dropped 1.0%.

Deckers Outdoor (DECK) shares plummeted 20%, losing the most of any S&P 500 stock. The parent company of the Hoka and Ugg footwear brands 澳洲幸运༺5官方开奖结果体彩网:refrained from providing♋ full-year guidance for fiscal 2026, citing uncertainties related to tariffs and trade policy. The company has a significa🐲nt manufacturing footprint in China, and its nearer-term net sales forecast (for the fiscal first quarter) came in below consensus estimates.

A 澳洲幸运𒁃5官方开奖结果体彩网:lackluster suꦆbscription revenue outlook weighed on shares of cloud-based software provider Workday (WDAY), whi🏅ch sank about 13%. Although the company topped sa𒐪les and profit expectations, Workday predicted softening spending on its human capital management software by its enterprise clients. Analysts have also pointed to potential pricing pressure amid stiffening competition in human resources and financial management software.

Discount retailer Ross Stores (ROST) also 澳洲幸运5官方开奖结果体彩网:shelved its full-year guidance, pointing to a lack of visibility on tariffs and their potential business impact. The company's CEO indicated that, while direct imports account for a limited fraction of its merchandise, more than half of the products sold at Ross originate in China, so higher tariffs could hinder profitability. Ross shares plunged 9.8% on Friday.

Shares of tax and accounting software firm Intuit (INTU) secured the top daily performance in the S&P 500, surging 8.1%. The owner of TurboTax and Credit Karma 澳洲幸运5官方开奖结果体彩网:surp🌳assed sales and profit projectionꦕs for its fiscal third quarter, while its increased full-year forecasts also topped consensus expectations. Analysts 澳洲幸运5官方开奖结果体彩网:praised the performance, with several firms lifting their price targets on the stock. Intuit could also be poised to benefit from the possible elimination of the free IRS direct tax filing system under the 澳洲幸运5官方开奖结果体彩网:bu🍸dget proposal passed by the House this week.

Other provisions of the House tax and spending bill currently headed to the Senate include the removal of green energy incentives. The likelihood of less favorable policies hammered shares of renewable energy companies this week, but several industry players managed to stage a partial recovery on Friday. Shares of solar technology firm Enphase Energy (ENPH) bounced 4.3%. Shares of AES Corp. (AES)ౠ, a utility focused on generating power from renewable sources, clawed back 3.7%.

CrowdStrike (CRWD) shares advanced 2.6% on Friday to reach a record-high close. The cybersecurity firm touted recognition received for the outperformance of its identity theft protection and response capabilities. Earlier this week, CrowdStrike also announced its integration into enterprise artificial intelligence ecosystems powered by Nvidia (NVDA) Blackwell infrastructure, leveraging CrowdStrike's own AI tools to mitigate the vulnerabilities inherent to AI operations.

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