📉Was Friday June 13th a mini black Friday ?

On June 13, these five stocks dropped significantly. Here’s what drove the moves 🔍:

📉 1. PayPal (–5.32%)

• Market-wide sell-off amid global risk-aversion due to escalating Israel‑Iran tensions, with S&P 500 down ~1.1%
• Pulse-check: Painful, but part of broad financials drop—not PayPal-specific.
• Heavy volume suggests institutional profit-taking or portfolio rebalancing in the sell-off .

📉 2. Adobe (–5.32%)

• Despite beating earnings and raising guidance, execution details alarmed investors: slower AI monetization, underwhelming growth in Q2, and weaker remaining performance obligations
• Early reports specifically flagged “investors' concern that the company's AI”

📉 3. Visa (–4.98%) & 4. Mastercard (–4.62%)

• Both hit by same headline: Walmart and Amazon exploring their own stablecoins, potentially bypassing Visa/Mastercard’s payment networks and fees
• Amplified by overall market retreat tied to geopolitical and macro pressures

📉 5. ON Semiconductor (–3.7%)

• Battered alongside broader tech and semiconductor sector due to risk-off sentiment and rising oil and defense stocks
• No company-specific news—once again, it’s a casualty of wider market turmoil, rather than bad fundamentals.

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