Krispy Kreme's stock dropped 24% following an announcement to reassess its partnership with McDonald's. With economic concerns affecting spending, the doughnut chain has pulled its outlook for the year.
UnitedHealth Group's shares plummeted 23% in midday trading following a rare earnings miss, erasing nearly $120 billion in market value due to unexpected medical costs and higher care utilization.
US stock markets experienced a significant drop fueled by rising inflation fears and concerns over Trump's tariffs. Consumer sentiment decline and economic data weakness add to the market volatility.
