10 Stocks Lead Wall Street Downward Spiral

Ten stocks fell sharply on Tuesday, mimicking an overall market pessimism, as investors sold off positions amid a flurry of dismal earnings and a mixed growth outlook for the rest of the year.

Meanwhile, Wall Street’s three major indices all finished in the red, with the Nasdaq down the most by 2.04 percent. The S&P 500 followed with a 1.17 percent decline, while the Dow Jones dropped by 0.53 percent.

In this article, we spotlight the 10 companies that led Tuesday’s drop and break down the reasons behind their weak performance.

To come up with the list, we considered only the stocks with a $2 billion market capitalization and more than 5 million shares in trading volume.

A stock market graph. Photo by Alesia Kozik on Pexels

10. Lumen Technologies Inc. (NYSE:LUMN)

Lumen Technologies dropped its share prices by 10.90 percent to close at $10.54 apiece as investors resorted to profit-taking to take advantage of yesterday’s all-time high.

Additionally, Lumen Technologies Inc. (NYSE:LUMN) mirrored a broader market downturn, as investors turned increasingly concerned about the valuations of leading artificial intelligence stocks.

Last week, Lumen Technologies Inc. (NYSE:LUMN) announced that it widened its net loss in the third quarter of the year by 319 percent to $621 million from $148 million in the same period last year on the back of higher expenses.

Meanwhile, adjusted EBITDA fell by 32 percent to $571 million from $843 million, while total revenues dipped by 4.16 percent to $3.087 billion from $3.221 billion year-on-year.

Despite the figures, Lumen Technologies Inc. (NYSE:LUMN) reaffirmed its growth outlook for full-year 2025, with total adjusted EBITDA expected to hit $3.2 billion to $3.4 billion.

Capital expenditures were on track to hit $4.1 billion to $4.3 billion, as the company ramps up developments aimed at supporting the artificial intelligence industry.

9. Aurora Innovation, Inc. (NASDAQ:AUR)

Aurora Innovation declined for a second day on Tuesday to hit a new 52-week low amid lingering caution over its financial performance.

At intra-day trading, the stock fell to its lowest price of $4.48 before trimming gains to finish the day just down by 11.19 percent at $4.485 apiece.

Last week, Aurora Innovation, Inc. (NASDAQ:AUR) said it narrowed its net loss in the third quarter of the year by 3.4 percent to $201 million from $208 million in the same period last year.

It also incurred a revenue of $1 million across driverless and vehicle operator-supervised commercial loads.

Operating loss—which included a $51 million stock-based compensation (SBC)—increased by 13 percent to $222 million from $196 million year-on-year.

“For the remainder of the year, we will continue to focus on expanding driverless operations and advancing our programs to support our 2026 scaling objectives to accelerate our first-mover advantage to reinforce our leadership position,” said Aurora Innovation, Inc. (NASDAQ:AUR) Chief Finance Officer David Maday.

In other news, Aurora Innovation, Inc. (NASDAQ:AUR) said it expanded its driverless trucking services to El Paso, Texas, after surpassing 100,000 driverless miles on public roads.

It said it also plans to deploy hundreds of driverless trucks with its next-generation Aurora Driver hardware in 2026, fortifying a clear path to meet strong customer demand.