S&P 500 Gains and Losses Today: UGG Footwear Maker Deckers Outdoor Plunges on Weak Outlook
1. Deckers Outdoor fell by 20.4% due to disappointing revenue guidance. 2. Challenges include competitor discounts, high shipping costs, and a strong U.S. dollar. 3. S&P 500 overall declined by 0.5% amid proposed White House tariffs. 4. Franklin Resources reported strong earnings, contrasting with Deckers' outlook. 5. The market reacted negatively to inflation data and tariff news.