Benzinga·2025-10-18 11:41Market Overview - Wall Street experienced a decline from record highs due to renewed tariff threats from President Trump against China, impacting investor sentiment and leading to a selloff in export-sensitive and financial stocks [2] - Concerns regarding regional bank credit, particularly bad loans reported by Zions Bancorp and Western Alliance Bancorp, contributed to the market downturn [2][10] - The Federal Reserve faced pressure as Trump's rhetoric towards Chair Jerome Powell raised concerns about political interference in monetary policy, while uncertainty over the U.S. government shutdown affected economic outlooks [3] Bullish Stocks - Stellantis N.V. announced a $13 billion investment over four years to expand its U.S. manufacturing footprint by 50%, which resulted in a surge in its stock price [5] - Papa John's International shares rose following a new takeover offer from Apollo Global Management at $64 per share, although the deal's completion remains uncertain [6] - Oklo Inc. saw its stock soar nearly 700% year-to-date as it aims to deploy micro-nuclear reactors for U.S. military bases under the Pentagon's Project Janus initiative, despite facing regulatory challenges and having no commercial revenue [7] Bearish Stocks - U.S. semiconductor stocks, including NVIDIA, Micron, and Intel, fell sharply due to escalating trade tensions with China, exacerbated by Micron's exit from China's data center market following a ban on its products [8] - Shares of Eli Lilly, Novo Nordisk, and Hims & Hers Health declined after President Trump indicated that prices for "fat-loss drugs" would decrease significantly, leading to a selloff in GLP-1 therapy manufacturers [9] - Regional bank stocks, particularly Zions Bancorp and Western Alliance Bancorp, experienced their worst drop since April, with Zions disclosing a $60 million provision for troubled loans and Western Alliance facing a lawsuit for alleged fraud [10][11]