S&P 500 Gains and Losses Today: UGG Footwear Maker Deckers Outdoor Plunges on Weak Outlook

Market Overview - Major U.S. equities indexes closed lower on the last trading day of January 2025, despite a positive start to the month [2][3] - The S&P 500 fell by 0.5%, the Nasdaq decreased by 0.3%, and the Dow Jones Industrial Average dropped by 0.8% [3][7] Company Performances - Franklin Resources (BEN) was the top performer in the S&P 500, surging by 10.4% after reporting earnings that exceeded analyst projections, despite revenue falling short [3][7] - AbbVie (ABBV) stock increased by 4.7% following strong sales of its Skyrizi and Rinvoq treatments, along with an improved long-term sales outlook [4] - Vertex Pharmaceuticals (VRTX) rose by 5.3% after receiving FDA approval for its non-opioid pain treatment, Journavx [4] Decliners - Deckers Outdoor (DECK) led the S&P 500 decliners, falling by 20.4% due to concerns over its full-year revenue guidance amid competitive pressures and high shipping costs [5][7] - Walgreens Boots Alliance (WBA) shares dropped by 10.3% after the company suspended its dividend to fund a long-term turnaround, citing needs for cash for litigation and debt refinancing [6] - Colgate-Palmolive (CL) shares fell nearly 4.7% as the company missed earnings expectations, with a 7% decline in sales in Latin America attributed to worsening foreign exchange rates [6] - Las Vegas Sands (LVS) decreased by 5% after giving back gains from previous sessions related to growth optimism in China [6][7]