Whirlpool Stock Plummets 11.7% as Russell 1000 Rebounds
Whirlpool Corp shares plunged 11.7% on February 24, ranking fifth among Russell 1000’s largest decliners as the index rebounded. The drop contrasted with a 1.2% rise in the Nasdaq 100 spurred by a $100 billion AMD chip supply agreement with Meta.
1. Share Performance
On February 24, Whirlpool Corp shares tumbled 11.7%, making it the fifth-worst performer in the Russell 1000. This decline occurred even as the tech-heavy Nasdaq 100 climbed 1.2% following news of a $100 billion AMD chip deal with Meta.
2. Market Context
The broader market saw a risk-on shift, with the S&P 500 up 0.7% and the Dow Jones Industrial Average rising 0.8%. Whirlpool’s sharp selloff contrasted with gains across technology and consumer discretionary sectors during the rebound.
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