Shares of solar panel manufacturer First Solar (NASDAQ:FSLR)
fell 5.5% in the afternoon session after continued weakness in the clean energy sector driven by concerns over new tariffs and changes to government subsidies. The slide in clean energy stocks, including First Solar, comes as investors weigh the impact of President Trump's announcement of new tariffs of 25%–40% on 14 countries. Although the start date was moved to August 1, the policy creates uncertainty for solar panel importers. Adding to investor concerns, a new domestic policy bill is expected to end key subsidies for the clean energy sector. This combination of potentially higher costs from tariffs and the removal of government financial support is pressuring the outlook for solar companies.
U.S. stocks were little changed on Tuesday as investors stayed cautious following a series of letters from the White House to major trading partners, outlining sweeping new tariffs.
“We don’t want wind, we don’t want solar, because they’re a blight on our country,” President Donald Trump said while answering a reporter’s question during a cabinet meeting in Washington.
Let's have a look at what is happening on the US markets in the middle of the day on Tuesday. Below you can find the top S&P500 gainers and losers in today's session.
As the US market prepares to open on Tuesday, let's get an early glimpse into the pre-market session and identify the S&P500 stocks leading the pack in terms of gains and losses.
Monday's session is showcasing interesting market movements in the S&P500 index, with notable gap up and gap down stocks. Stay updated with the gapping S&P500 stocks in today's session.
11 best performing large-cap stocks last week, including Symbotic, Nike, First Solar, Datadog, HPE, Summit Therapeutics, Carnival, POSCO, Wynn Resorts, SharkNinja, and Snap
