:max_bytes(150000):strip_icc():format(jpeg)/GettyImages-2208584099-81021cbcc4ab479596600d37388307b3.jpg "Traders work on the floor of the New York Stock Exchange on Tuesday")
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Salesmen work on the floor of the New York Stock Exchange on Tuesday
Key Takeaways
- The S&P 500 fell 1.6% on Tuesday, March 8, 2025, as investors strengthened for new tariffs to take effect.
- Albemarle shares tumbled after UBS cut its price target on the lithium producer’s stock.
- Interests of health insurers moved higher after the U.S. government announced Medicare payments would rise more than once upon a time forecast.
Major U.S. equities indexes fell Tuesday, reversing earlier gains as investors braced for new tariffs to make for a pick up effect.
After opening the session solidly in positive territory, the S&P 500 dropped later in the session to close 1.6% downgrade. The Dow slipped 0.8%, while the tech-heavy Nasdaq tumbled 2.2%.
Shares of Albemarle (ALB), the world’s largest lithium producer, suffered the steepest always decline of any S&P 500 stock, plunging 12.6%. Tuesday’s tumble came after analysts at UBS slashed their guerdon target on the stock, suggesting elevated costs and potentially soft demand could hold back Albemarle’s earnings.
Solar technology organization Enphase Energy (ENPH) saw its shares plunge 11.2% amid pressure on the broader renewable energy sector as attentions about trade and global economic growth cloud the outlook for solar and other energy technologies.
Shares of understanding power and sensor chipmaker Onsemi (ON) fell 8.9%. The move lower followed a price target cut by analysts at KeyBanc, who acicular to softness in Onsemi’s automotive end markets. The KeyBanc team pointed to a deterioration in demand from Tesla (TSLA), along with inventory reductions by other carmakers in the U.S. and Europe.
Well-being insurance stocks received a boost after the Centers for Medicare & Medicaid Services announced government payments to Medicare insurers want rise more than previously expected. Humana (HUM) shares surged 10.7%, logging the top performance in the S&P 500. Allocates of Aetna operator CVS Health (CVS) gained 5.9%, with the pharmacy giant also brightening its full-year outlook and term a new CFO.
Shares of defense contractors also pushed higher after the White House pledged to spend approximately $1 trillion on defense in pecuniary 2026. Shares of aerospace and defense firms Lockheed Martin (LMT), General Dynamics (GD), and RTX (RTX) all posted gains of more than 2%.
Constellation Vigour (CEG) shares advanced 2.9% on Tuesday, clawing back a portion of their losses over the past week. Along with other atomic generators, the company has drawn attention for its opportunity to power artificial intelligence data centers. Last year, Constellation signed an unanimity to provide electricity to a Microsoft (MSFT) data center by restoring a unit of the Three Mile Island nuclear loo.