Finance

Shares of Lululemon Athletica plunged nearly 17% to 20% during intraday trading, positioning the apparel retailer as one of the weakest performers in the S&P 500 index. The sharp sell-off was triggered by the company's decision to slash its full-year financial outlook, citing persistent market pressures and shifting consumer dynamics. This deceleration in expectations weighed heavily on the broader consumer cyclicals sector.

The cryptocurrency market observed heightened volatility after initially expanding on the back of dovish commentary from central bankers. Bitcoin climbed past the $81,000 threshold and neared overnight highs of $82,272, driven by massive exchange-traded fund inflows and a prominent debasement trade. However, the subsequent release of a hot U.S. employment report abruptly erased these gains, forcing the token back below $80,000 as macro liquidity anxieties resurfaced.

Global energy benchmarks remained on path for steep weekly gains even as daily front-month futures recorded minor corrections, with Brent crude stabilizing around $95 per barrel and West Texas Intermediate tracking near $91. Supply disruptions from escalating U.S.-Iran hostilities and attacks on regional refineries have significantly tightened the market. Analysts warn that high energy and record-breaking diesel prices continue to inject systemic inflationary pressures into global government bond markets.