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Stocks plunge amid inverse ETF drops, legal probes, and earnings worries.

Market News
04 Aug 2026
Stuart Mooney
View Source
Bearish
Stocks plunge amid inverse ETF drops, legal probes, and earnings worries.

Stocks fell sharply due to various factors including a 58.71% drop in the Defiance Daily Target 2x Short PLTR ETF, driven by strong gains in Palantir Technologies, which the ETF inversely tracks. AdaptHealth shares dropped 38.09% amid a legal investigation over financial guidance revisions, while Better Home & Finance Holding Company declined 36.74% as investors grew anxious ahead of its earnings report. Even positive news, like a new defense contract for Siren Nasdaq NextGen Economy ETF, couldn't prevent losses, highlighting diverse pressures affecting the market today.

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