S&P 500 Gains and Losses Today: Texas Instruments Falls After Soft Profit Forecast

Major U.S. equities indexes ticked lower on the final day of an eventful week that marked the beginning of Donald Trump’s second presidential administration and brought a stream of corporate earnings reports.

The S&P 500 slipped 0.3%, receding from a record closing high in the previous session. The Dow was also down 0.3%, while underperformance in the tech sector dragged the Nasdaq down 0.5%.

Texas Instruments (TXN) shares fell 7.5%, logging the weakest performance in the S&P 500, after the analog chipmaker issued a weaker-than-expected profit outlook. The soft forecast raised concerns the analog chip market could face a slower recovery than previously anticipated, sending shares of several semiconductor industry peers lower, with Microchip Technology (MCHP) and Analog Devices (ADI) sinking 5.3% and 4.8%, respectively.

Shares of fertilizer producer CF Industries (CF) dropped 7.5% after JPMorgan downgraded the stock to “underweight” and lowered its price target. Analysts pointed to an anticipated increase in the price of natural gas, which is an important input in the nitrogen fertilizer production process. JPMorgan also said that shifts in the agriculture industry, including an increase in the acreage of corn planted in the U.S. in 2025, could drag down crop prices, while geopolitical and trade uncertainties could also affect CF’s performance.

Intuitive Surgical (ISRG) shares lost 4%. Although the medical device maker topped quarterly sales and profit forecasts, boosted by a year-over-year increase in procedures performed with its da Vinci surgical robots, currency headwinds weighed on the results and the company projected procedure growth could slow in 2025 from 2024. It also said its adjusted gross profit margin could fall between 1 to 2 percentage points, with potential new tariffs adding some uncertainty.

NextEra Energy (NEE) shares surged 5.2%, gaining the most of any S&P 500 stock, after the renewable energy company announced a partnership with energy equipment maker GE Vernova (GEV). The companies said they plan to collaborate on energy projects across the U.S. that could use a combination of natural gas and renewable sources such as solar and battery storage. The projects will provide power to AI data centers and other energy-intensive facilities. However, GE Vernova shares lost 3.9% on Friday, giving back some gains earlier in the week.

Shares of Welltower (WELL), a real estate investment trust (REIT) focused on healthcare facilities, gained 3.4% after Bank of America boosted its price target. Analysts highlighted the value of Welltower’s core business, especially its senior housing properties, which could benefit from demographic shifts toward an aging population. BofA also pointed to Welltower’s opportunity to monetize WellGPT, its AI real estate platform.

KeyBanc lifted its price target on Lululemon Athletica (LULU) stock, and shares of the apparel maker added 3.1%. Lululemon recently highlighted strong results during the key holiday shopping season, and KeyBanc analysts noted the company’s strong position in the athleisure market as well as progress on its growth initiatives, which include ambitious sales targets for men’s apparel and in digital channels.