Unlock stock picks and a broker-level newsfeed that powers Wall Street. Upgrade Now BSE - Delayed Quote • INR Refex Industries Limited (REFEX.BO) Follow Compare 387.90 -1.05 (-0.27%) At close: April 9 at 3:29:50 PM GMT+5:30 Related News Stock market today: Dow, S&P 500, Nasdaq futures slide as Trump tariffs keep roiling Wall Street Wall Street was set to wrap up another week of tariff-fueled turmoil. Stock market today: Dow slides 1,000 points, Nasdaq, S&P 500 clobbered as stocks resume Trump tariff sell-off Wall Street is weighing Trump's remarkable escalation in the US trade battle with China. Novavax & RFK Jr., Costco sales, Lovesac earnings: Market Minute Josh Lipton explores some of the top stories on Yahoo Finance's Market Minute. Novavax (NVAX) shares fell after US President Donald Trump's Secretary of Health and Human Services Robert F. Kennedy Jr. questioned the efficacy of the company's COVID vaccine. Costco's (COST) March comparable sales beat estimates. Lovesac (LOVE) reported fourth quarter results, with sales beating estimates. Stay up to date on the latest market action, minute-by-minute, with Yahoo Finance's Market Minute. Stock futures fall, EU tariff delay, inflation cools: 3 Things Here are some of the stories Wall Street is watching on Thursday, April 10. Stock futures (ES=F, NQ=F, YM=F) fell after the major indexes posted massive gains on Wednesday as the trade war with China continues to heat up. However, the European Union has decided to pause its plan to levy US imports following President Trump's announcement of a 90-day hold on his tariff plan. Inflation continued to cool in March, with headline CPI data falling 0.1% from February. Core CPI rose 0.1% from the prior month compared to economist expectations of 0.3%. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. Exclusive-Venezuela's PDVSA suspends oil loading authorizations to Chevron, sources say HOUSTON (Reuters) -Venezuela's state oil company PDVSA has canceled several authorizations it had granted U.S.-based producer Chevron to load and export Venezuelan crude in April, three sources with knowledge of the decision said on Thursday. The cancellations follow U.S. President Donald Trump's imposition of tariffs on Venezuela's oil buyers. QQQ Pulls In $1.9 Billion of New Money During Historic Rally The Invesco QQQ Trust (QQQ) attracted $1.9 billion. Here are the daily ETF fund flows for April 9, 2025. These Stocks Moved the Most Today: Nvidia, Apple, Tesla, GM, Microsoft, CarMax, U.S. Steel, Warner Bros., and More Shares of Nvidia, Apple, and Tesla fall sharply Thursday after each stock soared double-digits Wednesday following President Donald Trump’s move to pause most reciprocal tariffs for 90 days. U.S. Steel, meanwhile, slumps after Trump says he wants the steel maker to remain an American company. S&P 500 Tumbles 3.5% After US-China Feud Heats Up: Markets Wrap (Bloomberg) -- Economic angst enveloped every corner of Wall Street as US-China trade tensions escalate, sparking a slide in stocks, the dollar and oil, with liquidations in US assets pointing to disorder in the financial system.Most Read from BloombergMidtown Office Building Evacuated on Concerns of Wall CollapseIn Chicago, a Former Steel Mill Looks to Make a Quantum LeapThe Secret Formula for Faster TrainsHelicopter Crashes Into Hudson River With Multiple FatalitiesInside the Quiet, Extravagan Why Summit Therapeutics Rallied Double Digits Today on Another Down day for the Markets Shares of lung cancer-focused biotech Summit Therapeutics (NASDAQ: SMMT) rallied 16.6% at its highs of the day before settling into a 10.4% gain on Thursday as of 3:54 p.m. EDT, even though the broader markets were down significantly on the day at that time, including the SPDR S&P Biotech ETF (NYSEMKT: XBI), which was down 4.4%. The interesting news for Summit was that two insiders exercised warrants on Summit's stock yesterday, which most interpreted as being highly bullish. What is notable is that the Co-CEOs exercised these warrants, forcing them to buy $6.3 million worth of shares, about four and a half years before the warrants' expiration in December of 2029. Why CarMax (KMX) Shares Are Plunging Today Shares of used automotive vehicle retailer Carmax (NYSE:KMX) fell 19.8% in the morning session after the company reported underwhelming Q1 2025 (fiscal Q4 2025) results. Its EBITDA missed significantly and its EPS fell short of Wall Street's estimates. More troubling, the company suspended its long-term growth guidance, citing macroeconomic uncertainty, a move that signaled management's reduced visibility and confidence in the future growth trajectory. Overall, this quarter could have been bette Shuttle Pharma Developing Pretreatment Diagnostic Blood Tests for Prostate Cancer, Files Provisional Patent for PSMA Ligand Conjugates to Treat Prostate Cancer Filing provisional patent application with the USPTO entitled “PSMA-Targeted PARP Inhibitor conjugates for Precision Cancer Therapy” key to advancement of Diagnostic and Therapeutic programs Dr. Alan Kozikowski, internationally acclaimed pioneer in the discovery of a critical PSMA targeting ligand for clinical applications is co-inventor Theranostic molecule designed to preferentially target prostate cancer cells to the effects of radiation and chemotherapeutic agents GAITHERSBURG, Md., April 10 These Stocks are Leading Losses Today Some of the biggest winners from yesterday’s rally have erased much of those gains today. Delta Air Lines logged a 23% gain yesterday. Today, shares have fallen more than 9%. Warner Bros. Discovery rose 20% Wednesday and has dropped roughly 13% in today’s trading. Novavax shares tumble after U.S. health secretary raises concerns over COVID shot's efficacy (Reuters) -Vaccine maker Novavax's shares plunged nearly 20% at market close on Thursday, after Health and Human Services Secretary Robert F. Kennedy Jr. raised concerns about the company's COVID-19 vaccine in an interview with CBS News. The U.S. Food and Drug Administration, an agency that is part of the HHS, missed its deadline last week for deciding on the traditional approval of the vaccine. When asked if the delay resulted from "personnel being shuffled" at the FDA, Kennedy attributed it to the vaccine's composition. CarMax Stock Sinks After Earnings. Tariffs Could Drive Used Car Prices Higher, CEO Says. Shares of CarMax sank Thursday after the used-car dealer reported fiscal-fourth-quarter earnings that missed expectations and management sounded the alarm about the looming impact of auto tariffs. The tariff will expand to imported car parts starting May 3, making it more expensive to assemble vehicles in the United States. “I think it will it will push some folks into looking at used cars, late model used cars, which is interesting because that’s what we’re seeing a lot of interest in right now,” CarMax CEO William Nash said Thursday. Sector Update: Health Care Stocks Drop Thursday Afternoon Health care stocks were falling Thursday afternoon, with the NYSE Health Care Index shedding 4.4% an CarMax is the latest company to nix long-term growth targets on earnings call: ‘Why put a target out there?’ The company points to the "potential impact of broader macro factors." Used car stocks crash as demand flags and Goldman Sachs slashes autos outlook The U.S. auto sector is taking a beating. Hedge Fund Veteran Set to Lead Trump’s Sanctions Strategy (Bloomberg) -- A low-profile hedge fund executive who’s among the dozens of disciples tracing their roots to the late investing legend Julian Robertson is poised to become the face of the Trump administration’s sanctions strategy.Most Read from BloombergMidtown Office Building Evacuated on Concerns of Wall CollapseIn Chicago, a Former Steel Mill Looks to Make a Quantum LeapThe Secret Formula for Faster TrainsHelicopter Crashes Into Hudson River With Multiple FatalitiesInside the Quiet, Extravaga CarMax’s Share Buybacks Turned Lemonade Into Lemons: Heard on the Street Timing the market amid the recent tariff-fueled volatility is hard even for stock pickers buying shares of the companies they know best—themselves. A case in point: CarMax, the used-car dealer, which today announced quarterly earnings that missed analysts’ estimates. CarMax said it repurchased 1.2 million shares of common stock for $98.5 million, or about $82 a share, last quarter. Carmax Stock Heads for Worst Day Since 2022 CarMax shares slid after the used-car retailer missed earnings expectations and said it could no longer give a time frame for financial goals it has been working toward for years. Shares sank about 20% as of about midday Thursday, on pace for their biggest one-day drop since September 2022. Performance Overview Trailing total returns as of 4/9/2025, which may include dividends or other distributions. Benchmark is S&P BSE SENSEX (^BSESN) Return REFEX.BO S&P BSE SENSEX (^BSESN) YTD -19.46% -5.49% 1-Year +178.06% -1.12% 3-Year +1,354.99% +24.22%