By WSJ Staff

Booz Allen $(BAH)$: The company plans to cut roughly 2,500 jobs as it grapples with the effects of the Trump administration's crackdown on federal contracting. Shares dropped more than 16%.

Apple $(AAPL)$: President Trump racketed up pressure on Apple, saying iPhones manufactured abroad could face import taxes of at least 25%. Shares fell 3%. (Read more about CEO Tim Cook.)

Constellation Energy $(CEG)$, Cameco $(CCJ)$, Oklo $(OKLO)$, NuScale $(SMR)$: Shares of nuclear-power companies and uranium miners rose after a media report said Trump would sign executive orders to jumpstart the industry. He signed the order Friday afternoon.

Deckers Outdoor $(DECK)$: The shoe company's quarterly outlook missed expectations, and it didn't give guidance for fiscal 2026, citing uncertainties related to global trade policies. Shares dropped nearly 20%.

Ross Stores $(ROSS)$: The discount store chain withdrew its annual outlook, with tariffs expected to drag on earnings. More than half its products originate from China. Shares slid almost 10%.

Intuit $(INTU)$, Workday (WDAY): The business software companies both reported better-than-forecast quarterly results. Intuit stock jumped more than 8%, but Workday sold off.

Wolfspeed $(WOLF)$: The chip-component maker's shares opened higher, then fell 15%, extending a volatile period. The company is preparing to file for bankruptcy in a matter of weeks.

This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).

(END) Dow Jones Newswires

May 23, 2025 17:57 ET (21:57 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.