US stocks today: Whirlpool shares plunge 12% as earnings cut, ‘recession-like’ conditions rattle investors
Whirlpool shares tumbled after the appliance maker cut its 2026 earnings outlook, suspended dividends and warned that weakening consumer demand now resembles “recession-like” conditions. Rising costs, a soft housing market and cautious household spending added to concerns over the broader outlook for discretionary consumption.
Whirlpool shares tumbled after the appliance maker cut its 2026 earnings outlook, suspended dividends and warned that weakening consumer demand now resembles “recession-like” conditions. Rising costs, a soft housing market and cautious household spending added to concerns over the broader outlook for discretionary consumption.
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