Lululemon and Zscaler Slide as Mixed Earnings Hit US Tech and Retail

Key Facts

1Lululemon shares slid after the company cut its financial outlook.

2DocuSign shares rose following its results, while Zscaler shares dipped.

3UiPath fell on mixed results, while American Outdoor Brands saw a significant jump.

Amid ongoing earnings season volatility and its impact on investor confidence in the retail and tech sectors, several US stocks experienced sharp movements following mixed financial announcements. Lululemon shares slid notably after the company cut its financial outlook, raising concerns about slowing growth. In the software sector, UiPath reported mixed results leading to a share decline, while DocuSign defied the trend by rising following its financial release.

Per market data, Zscaler shares faced selling pressure, closing at $177.80 on September 3, 2024, after trading between a day low of $173.93 and a high of $179.96. In a related development, American Outdoor Brands saw a significant jump in its stock price, reflecting a positive reaction to its latest updates, while pressure remained on growth stocks that provided cautious guidance for the upcoming period.

Traders should monitor Zscaler's support levels around $173.93 based on the close as of September 3, 2026. Looking ahead, there are no immediate catalysts scheduled in the upcoming calendar specifically for these instruments, though market sentiment may remain influenced by the fallout from the Jackson Hole Symposium and recent Federal Reserve speeches from late August.