Stock market today: Dow sinks 650 points, S&P 500 wipes out post-election gains as Trump trade war intensifies

The escalation of tariffs and the resulting economic uncertainty are likely to negatively impact consumer spending and corporate profits, particularly in the retail sector. The volatile market conditions and fears of a slowdown may lead investors to be more cautious, resulting in potential declines for affected companies.

Given Flutter's strong earnings and CEO's comments about its resilience amidst economic downturns, the stock is likely to see positive movements despite broader market declines. The ongoing interest in gambling and the strong engagement seen during the Super Bowl suggests Flutter may perform well.

The negative impact from tariff announcements is expected to lead to a downturn in financial sectors. Large institutions and banks are particularly vulnerable to these shocks. Overall, the financial sector could face downward pressure as tariffs stoke fears about economic growth, harming overall investor sentiment.

Intel faces increased competition from TSMC's $100 billion investment in U.S. manufacturing, which may further erode Intel's market share and investor confidence. The combination of Intel's recent stock drops and potential supply chain disruptions from tariffs indicates a bearish outlook for its stock.