S&P 500 extends losing streak to five sessions

The S&P 500 fell 0.4% and the Nasdaq 100 gave back 0.5% while the Russell 2000 outperformed with a 0.2% advance. The benchmark US index has now declined for five straight sessions, tying its longest losing streak since April 2024.

Your Evening Briefing August 21, 2025 S&P 500 extends losing streak to five sessions The S&P 500 fell 0.4% and the Nasdaq 100 gave back 0.5% while the Russell 2000 outperformed with a 0.2% advance. The benchmark US index has now declined for five straight sessions, tying its longest losing streak since April 2024. Every S&P 500 sector ETF declined outside of the commodity-linked energy and materials groups, with consumer staples faring the worst. That was in large part due to Walmart, which dropped 4.5% after the mega retailer missed quarterly earnings expectations for the first time in three years. Declines were led by First Solar, which fell 7%. Paramount Skydance was a bright spot on the tape, jumping 14.6% as call-option activity surged. Separately, the newly formed media giant is facing scrutiny in Washington. Meta shares fell around 1.2%, after the Wall Street Journal reported that the tech giant is freezing new AI hires without express permission from the company's Chief AI Officer. Coty shares sank 21.4% as investors digested the beauty conglomerate's disappointing Q4 results, including a surprise profit loss. Shares of Cracker Barrel dipped 7% as the Southern-themed restaurant chain's new minimalist logo design sparked a flood of criticism from fans online. Hertz shares fell 2.5%, after Congress requested a meeting with officials to discuss the company's controversial use of AI damage scanners. Nio shares rose 9% following the popular Chinese EV maker unveiling the latest model of its ES8 electric SUV, which has begun presales. HP Enterprise shares were up 3.7% after Morgan Stanley upgraded the stock, raising its rating to "overweight" (or buy) from "neutral," and hiking its price target to $28 from $22. CoreWeave shares were up as much as 3% in pre-market trading before closing the day largely flat, after quantitative trading and market-making firm Jane Street revealed a 5.4% stake in the company. — Luke Kawa, Markets Editor & Nia Warfield, Markets Writer After an insane ride, Carvana is finally back on top — now Amazon is muscling further into its territory Carvana's insane comeback, in one chart. Read more. The US military is deploying influencers to help drive recruitment With the armed forces seeing its active-duty personnel slump to a record low last year, where better to attract young new recruits in 2025 than social media? Read more. Apple is raising the price of its streaming service, Apple TV+, to $12.99 from $9.99, Variety reports. The company justified the price hike by saying it's launched numerous new shows and movies and, unlike competitors like Netflix or Disney, it doesn't have an ad-supported tier. Read more. Ro's CEO on how GLP-1s built the framework for "pharm-to-table" Normally, if your insurer doesn't cover a medication, you would buy it directly from your pharmacy, which bought it from a wholesaler, which bought it from the drugmaker. That's changing. US Government investigating Tesla over delays in reporting self-driving accident data Earlier this month a federal jury found Tesla partially responsible for a 2019 autopilot crash. Lawyers for the plaintiff argued Tesla was slow to cough up data from the crash.  Kanye West launched a solana-based meme coin that soared before tanking Now, I ain't sayin' he a gold digger... Retail traders dumped momentum stocks during Tuesday's rout with first net selling in two months Retail dumped high-flying stocks but bought the broad market in a supercharged version of their 2025 activity, per JPM. Google may have a better AI smartphone but Apple sells a lot more of them Apple's iPhone represented about half of all US smartphone shipments last quarter. Google made up 3%.  Boeing is reportedly in talks to sell up to 500 planes to China, months after Airbus was near a similar deal China could order as many as 500 planes from Boeing, its first major order since 2017. Ethereum trades under $4,300 with outflows from spot ETFs continuing to ooze Weekly outflows have climbed to $866.5 million for the first time. Was this email forwarded to you? Don't miss out on future stories — subscribe to The Wrap and get your daily dose of financial news straight to your inbox.  Craving more insights in your inbox? Subscribe to Chartr and Snacks for quality reads. We care what you think! If you have any feedback or comments, feel free to reply and let us know your thoughts!  Sherwood Media, LLC produces fresh and unique perspectives on topical financial news and is a fully owned subsidiary of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate... See more Sherwood Terms and Conditions Our Editorial Standards Contact Us Advertise With Us Unsubscribe Privacy Policy