Is Fiserv’s 21% Stock Plunge the Start of a Major Shakeup Investors Can’t Afford to Ignore?
Fiserve stock traded down from a prior close near $166 to as low as $128 in Wednesday’s morning session.
The pessimistic turnaround comes even as markets advance on the Trump administration’s trade deal with Japan, which cuts the tariff on the Asian ally from the earlier proposed 25% to 15%. However, the European Union has readied tariffs on $117 billion worth of US goods if the Trump administration imposes unilateral tariffs on it on August 1.
Other notable earnings sell-offs have hit Texas Instruments (TXN), -12%, and Enphase Energy (ENPH), -8%, on Wednesday. As the market braces for earnings after the close from Tesla (TSLA) and Alphabet (GOOGL), this is the first wave of poor market reactions to the Q2 season.
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