Major indexes moved lower Wednesday morning, led by declines in shares of major technology companies, as the stock market’s recovery from a month-long selloff hit a roadblock.
The S&P 500 and tech-heavy Nasdaq Composite were down 0.3% and 1.1%, respectively, about 90 minutes after the opening bell, while the Dow Jones Industrial Average rose 0.4%. The major indexes eked out small gains on Tuesday to extend their winning streaks to three days, rebounding from a rout that was fueled by concerns about the potential impact of tariffs and the outlook for the U.S. economy.
Investors are awaiting further details on President Trump’s plans to impose wide-ranging reciprocal tariffs on U.S. trading partners, which the White House has said will happen on April 2. They’re also keeping a close eye on economic data reports amid fears that the economy could be headed toward a recession. The economic calendar is light on Wednesday but picks up in the coming days.
Shares of the world’s largest technology companies, which have helped pace the recent rally, were lower across the board this morning. AI chipmaker Nvidia (NVDA) was down 4.5%, while EV maker Tesla (TSLA), which is riding a five-day winning streak, fell nearly 4%. Apple (AAPL), Microsoft (MSFT), Alphabet (GOOG), Amazon (AMZN), Meta Platforms (META) and Broadcom (AVGO) also lost ground.
Shares of Dollar Tree (DLTR) were up about 9%, leading S&P 500 gainers, after the discount retailer announced a deal to sell its Family Dollar brand to a pair of private-equity firms for $1 billion. Cintas (CTAS) shares surged 8% as the provider of uniforms and other workplace products reported better-than-expected results and raised its profit guidance.
Among other noteworthy movers, GameStop (GME) shares jumped 15% after the video game retailer late Tuesday updated its corporate investment policy to include bitcoin.
Bitcoin was at $86,700 in recent trading, down from an overnight high of $88,600. Gold futures were holding steady at around $3,030 an ounce, while West Texas Intermediate futures, the U.S. crude oil benchmark, rose 1.3% to $69.90.
The yield on the 10-year Treasury note—which had fallen during the recent stock market rout and influences borrowing costs on all sorts of loans—was at 4.34% this morning, up from 4.31% at Tuesday’s close and trading near its highest level in more than a month.
Cintas Stock Jumps After Strong Earnings, Guidance
19 minutes ago
Shares of Cintas (CTAS) surged Wednesday morning as the provider of uniforms and other workplace products reported better-than-expected results and raised its profit guidance as it benefited from expansion.
The company posted third-quarter fiscal 2025 earnings per share (EPS) of $1.13, while analysts surveyed by Visible Alpha expected $1.06. Revenue rose more than 8% year-over-year to $2.61 billion, also above forecasts.
Cintas noted that revenue growth in the quarter “was positively impacted by 0.9% due to acquisitions,” although it was negatively impacted by 0.4% because of foreign currency exchange rate fluctuations.
One acquisition that the company won’t be making is its proposed $5.3 billion purchase of rival UniFirst (UNF) that was announced in January. On Monday, Cintas said it had terminated discussions with UniFirst after failing to agree on “key transaction terms.”
The company now sees full-year EPS in the range of $4.36 to $4.40, up from its earlier outlook of $4.28 to $4.34.
Cintas shares were up 8% in recent trading and were among the biggest gainers in the S&P 500. The stock has gained 32% over the past 12 months
Dollar Tree Stock Rises After Deal to Sell Family Dollar Brand
46 minutes ago
Dollar Tree (DLTR) shares rose in early trading Wednesday after the discount retailer said it has reached a deal to sell its Family Dollar brand to a pair of private-equity firms for $1 billion.
Dollar Tree said it will sell Family Dollar to Brigade Capital Management and Macellum Capital Management, with the deal “anticipated to close later in the second quarter,” it said. In its quarterly earnings report also released Wednesday morning, Dollar Tree estimated the deal would generate just over $800 million in net proceeds.
Dollar Tree acquired Family Dollar in 2014 for just over $9 billion.
Last March, Dollar Tree announced plans to close roughly 1,000 underperforming stores, and in June said it was launching a review of whether it should sell or spin off the Family Dollar brand.
Excluding Family Dollar’s results, the discount retailer reported adjusted earnings per share (EPS) of $2.11 on revenue of $5.0 billion, while same-store sales rose by 2%. For 2025, Dollar Tree expects sales of $18.5 billion to $19.1 billion, with same-store sales growth of 3% to 5% and adjusted EPS of $5.00 to $5.50.
TradingView
Dollar Tree shares were up nearly 5% in recent trading but are down 45% over the past 12 months.
Carvana Levels to Watch as Stock Riding 5-Day Winning Streak
1 hr 26 min ago
Carvana (CVNA) shares were losing ground in early trading Wednesday after surging yesterday following an upgrade from Morgan Stanley.
Analysts at the investment bank said that recent selling in the shares provides an opportunity for investors to gain exposure to a leader in auto retail and fleet fulfillment, adding that the company has the potential to become the Amazon (AMZN) of auto retail.
Coming into Wednesday’s session, Carvana shares had finished higher for five straight days, gaining 33% over that period. The stock is still down 24% from its record high set last month, but it remains 150% higher than its year-ago level, boosted by the company’s improved profitability and efforts to reduce costs.
Buyers recently emerged just below the 200-day moving average, with the price closing back above the closely followed indicator last Friday. In another win for the bulls, recent buying has coincided with the relative strength index (RSI) reclaiming the 50 threshold, signaling improving positive price momentum.
Investors should watch crucial overhead areas on Carvana’s chart around $265 and $365, while also monitoring key support levels near $165 and $130.
Carvana shares were down more than 3% this morning at around $214.
Major Stock Index Futures Hovering Near Unchanged
2 hr 34 min ago
Futures tied to the Dow Jones Industrial Average were up 0.1%.
TradingView
S&P 500 futures were down 0.1%.
TradingView
Nasdaq 100 futures slipped 0.2%.
TradingView
![i’m-nervous,-too!-[part-2]](https://10xwealthreport.com/wp-content/uploads/2026/03/177042-im-nervous-too-part-2-1568x784.jpg)
