S&P 500 Gains and Losses Today: Lululemon Stock Falls as Forecasts Reflect Consumer Caution
1. Lululemon cut its sales and profit guidance due to soft consumer spending. 2. Shares of Lululemon plunged 19.8%, the largest S&P 500 drop. 3. Analysts from JPMorgan and UBS reduced LULU price targets following the outlook revision. 4. Tariff impacts led Lululemon to consider raising prices on some products. 5. Overall U.S. jobs report indicated economic resilience, contrasting with Lululemon's performance.