Shocking Market Moves Overnight: Tesla, Lululemon, Apple, and the Key Numbers to Watch as Wall Street Awaits Jobs Data
Stocks shudder after hours as Tesla plunges, Apple stumbles, and Lululemon slips. Get ready for Friday’s jobs report and tomorrow’s trading action.
- Tesla shares plummet 14% in a single day, now 42% off December’s high
- Lululemon falls 23% after hours despite beating earnings estimates
- Apple stock down 20% in 2025 after major post-Christmas drop
- U.S. 10-year Treasury yield ticks in at 4.39%
In a wild late trading session, Wall Street was rocked by a series of jaw-dropping moves from tech titans and retail giants. Tesla led the bloodbath, plunging 14% Thursday and now sitting a staggering 42% below its December peak. The electric automaker took a nosedive amid intensified scrutiny and as the Elon Musk-Donald Trump feud grabbed headlines.
As investors braced for the upcoming May jobs report, traders also digested sobering results from Lululemon and Apple while monitoring big bond yields and ETF payouts. Here’s what to watch and how the pros are positioning for Friday’s trading fireworks.
Why Did Tesla Crash So Hard?
Tesla faced one of its steepest one-day falls in years. After-hours trades saw shares tumble, marking a cumulative 42% shortfall from the December 2024 high. This dramatic move set off alarms across Wall Street, especially since Tesla occupies a hefty chunk of popular growth funds.
Meanwhile, the ongoing public spat between former President Donald Trump and Tesla CEO Elon Musk intensified market nerves, mixing politics with market volatility. Tesla also faces competition scrutiny and margin pressure as 2025 unfolds. Check broad market coverage at CNBC and tech analysis on Bloomberg.
Where Are the Big Funds Exposed?
Major funds are feeling the shockwaves. Ron Baron’s Focused Growth Fund holds 8% in Tesla and 11% in SpaceX — both Musk-linked assets. Cathie Wood’s ARK Venture Fund is even more aggressively tied, with roughly 6% in Musk’s xAI and 13% in SpaceX.
Despite Tesla’s drop, both funds are positive for the year: Focused Growth is up approximately 8% in the past month, while ARK Venture’s up about 1%. However, investors must watch those fees: ARK charges 4.71% in annual expenses compared to Baron’s 1.06%.
Lululemon and Apple: Retail and Tech Stumble
It wasn’t just Tesla that left investors wincing. Lululemon saw its shares crater 23% after hours. While the athletic wear brand beat Wall Street estimates, shrinking forward guidance spooked investors. The retailer’s stock now sits 23% off its January high, battered by economic headwinds and changing consumer behavior.
Apple, too, struggled ahead of the major Worldwide Developers Conference (WWDC). Shares are down 20% so far in 2025, trading 23% below the post-Christmas peak as investors eagerly await the company’s next big innovation reveal. Follow tech earnings at Wall Street Journal and Apple updates at Apple.
What’s Happening With Bonds and Yields Now?
As stocks waver, attention shifts to bonds. The 10-year U.S. Treasury yield stands at 4.39%, while the 30-year and 20-year hover around 4.88%. Short-term T-bills yield just over 4%. High-yield ETFs offer even juicier payouts — the BondBloxx CCC Rated ETF yields a hefty 10.5%, and the SPDR Bloomberg High Yield ETF returns 6.64%.
Municipal bond seekers eye the iShares National Muni Bond ETF at 3.16%. For more on bond rates, check Investopedia.
How Are Analysts and Traders Reacting?
Traders on CNBC’s “Fast Money” sounded the alarm as Broadcom lost 4% after reporting strong quarterly results, cautioning that the stock could go lower despite its recent highs. The show’s live event drew a crowd eager to quiz insiders about what’s next after these shock moves.
Microsoft (MSFT), on the other hand, remains a bright spot—hitting a new all-time high and rising 7% in the past month, as investors rotate into perceived safer tech giants. Microsoft news is always at Microsoft.
Q&A: What Key Events Should Investors Watch on Friday?
- 8:30 a.m. ET — May jobs report drops: All eyes will be on “Squawk Box” for instant reaction and analysis. Economic trends could dictate Friday’s market mood.
- Ongoing — Tech innovation watch: Apple’s WWDC could swing sentiment, delivering new hardware, AI features, and ecosystem shifts.
- Bond and yield volatility: Watch Treasuries and high-yield ETFs for signs of risk-off flows or renewed appetite.
How-To: Stay Ready for the Next Market Shock
– Review your stocks and sector exposure—especially in volatile names like Tesla and Lululemon.
– Monitor fund expense ratios and diversification as sector risk rises.
– Check the jobs report for signs of economic acceleration or slowdown.
– Keep tabs on rising bond yields and evaluate fixed-income options.
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Action Steps: Morning Market Survival Checklist
- ✔️ Review biggest after-hours movers: Tesla, Lululemon, Apple
- ✔️ Tune into key economic releases at 8:30 a.m. ET
- ✔️ Watch for Apple WWDC headlines
- ✔️ Rebalance portfolio based on sector volatility and fundamentals
- ✔️ Track bond yields and adjust for income or protection
- ✔️ Don’t forget to sign up for daily market recaps like “Stocks @ Night” for next-level insight
References
https://youtube.com/watch?v=uEj-bDVCeew