S&P 500 Gains and Losses Today: Lululemon Stock Falls as Soft Traffic Weighs on Guidance
1. Lululemon shares dropped 14.2% following underwhelming earnings guidance. 2. Soft traffic and consumer spending concerns cited by Lululemon executives. 3. JPMorgan lowered LULU's price target due to inflation and tariffs. 4. S&P 500 fell 2.0% amid strong inflation and weak consumer sentiment. 5. LULU had strong past sales but future outlook is concerning.