Market Overview - Stocks experienced a sell-off as President Trump threatened a "massive" tariff increase on China, particularly concerning rare earth minerals, which surprised the market given recent improvements in trade relations [1] - The S&P 500 index was down 1.9% and the Nasdaq fell approximately 2.6%, marking the first 1% drop for the S&P 500 since August 1 [1] Company Performance - Nvidia emerged as the best performer in the Investing Club portfolio, soaring approximately 1,527% over the three-year bull market [1] - Other top performers included Broadcom, which increased more than 665%, Meta Platforms with a gain of almost 458%, and CrowdStrike, which rose over 224% [1] - The bottom performers included Bristol Myers Squibb, down more than 36%, Nike, down nearly 26%, and both Danaher and Starbucks, each down nearly 9% [1] Upcoming Earnings - The third-quarter earnings season is set to begin, with over 30 S&P 500 companies scheduled to report next week [1] - Major banks such as Goldman Sachs, Wells Fargo, JPMorgan, and Citigroup will kick off earnings reports on Tuesday, along with BlackRock and Johnson & Johnson [1] - Other notable companies reporting next week include Abbott Laboratories, Bank of America, Morgan Stanley, American Express, CSX, Charles Schwab, SLB, and Prologis [1]
Trump's China threat slams stocks — plus, our best and worst of the 3-year bull market