What Happened?
A number of stocks fell in the afternoon session after stocks gave back some of the gains from the previous day as the White House clarified the tariffs on imports from China would add up to 145%, while the baseline 10% tariffs remained in place for most countries. This added layer of uncertainty reminded investors that the global trade environment remained volatile, limiting the potential for sustained market gains.
Also President Trump indicated he was willing to accept pain in the short term, and was aware his policies could cause a recession, but he remained more mindful of a more severe case of economic depression (higher unemployment and prolonged downturn).
For investors, this suggested that the administration could prioritize long-term structural shifts over near-term economic stability, further increasing policy-driven risk in the markets.
The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks.
Among others, following stocks were impacted:
- Data & Business Process Services company Equifax (NYSE: EFX) fell 5.5%. Is now the time to buy Equifax? Access our full analysis report here, it’s free.
- Hardware & Infrastructure company NetApp (NASDAQ: NTAP) fell 5.7%. Is now the time to buy NetApp? Access our full analysis report here, it’s free.
- Advertising & Marketing Services company Omnicom Group (NYSE: OMC) fell 5.2%. Is now the time to buy Omnicom Group? Access our full analysis report here, it’s free.
- Data & Business Process Services company SS&C (NASDAQ: SSNC) fell 5%. Is now the time to buy SS&C? Access our full analysis report here, it’s free.
- IT Services & Consulting company Accenture (NYSE: ACN) fell 6.2%. Is now the time to buy Accenture? Access our full analysis report here, it’s free.
Zooming In On Accenture (ACN)
Accenture’s shares are not very volatile and have only had 7 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful, although it might not be something that would fundamentally change its perception of the business.
Accenture is down 19.2% since the beginning of the year, and at $282.42 per share, it is trading 29.1% below its 52-week high of $398.25 from February 2025. Investors who bought $1,000 worth of Accenture’s shares 5 years ago would now be looking at an investment worth $1,634.
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