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US Stocks Retreat Amid Walmart Earnings, Trump Tariffs Concerns

US stocks pulled back Thursday as investors assessed Walmart earnings and worried about Trump's tariffs and policy changes. The S&P 500 dropped 0.2%, the Dow Jones Industrial Average fell 0.4%, and the Nasdaq Composite backed off 0.1%. Walmart's downbeat 2025 outlook and Trump's planned 8% cut in military spending weighed on markets. Gold hit a fresh record high as investors sought safety amid geopolitical uncertainty.

The View From the Summit: A Storm Is Coming Despite Calm Seas

The Takeaway from today's Morning Brief: - The S&P 500's new all-time highs are tempered by concerns over tariffs, trade wars, and inflation. - Consumer sentiment has fallen to a seven-month low, despite calm seas on the CBOE Volatility Index. - European stocks are beating American stocks, and people are especially excited about gold. - Investors are now seeing higher chances of an economic disaster than a market crash.

Palantir (PLTR) Stock Drops 14.45% as Bulls Unwind on Negative News

Palantir (PLTR) stock plunges 14.45% after negative news and CEO's stock sale plan, raising concerns about overvaluation and reliance on government contracts.

Alibaba's AI Push Sends Stock Soaring

Alibaba's stock surged 13% after reporting better-than-expected quarterly earnings, driven by strong growth in its AI business. The company plans to aggressively invest in AI infrastructure over the next three years, with CEO Eddie Wu saying that revenue growth at its Cloud Intelligence Group will continue to accelerate.

US Stocks Pull Back on Walmart Outlook, Trump's Policies

U.S. stocks declined Thursday as investors digested Walmart's (WMT) outlook, weighed potential implications of President Trump's policies and tariffs, and anxiously awaited his next move amid geopolitical tensions.

Palantir Stock Plummets 10% for Second Day on Budget Cut Fears

Palantir stock (PLTR) plunged 10% for a second day on Thursday, casting doubt on a major source of the tech firm's revenue following a Washington Post report that the Trump administration has told the Pentagon to plan for massive budget cuts over the next five years.

Longer-Term Treasury Issuance Still a Ways Off, Says Bessent

Treasury Secretary Scott Bessent discusses the potential for increasing longer-term US Treasuries issuance, inflation, Federal Reserve policy, and global economic dynamics with Bloomberg Surveillance.

Zurich Insurance reports slightly higher-than-expected annual operating profit

Zurich Insurance reports higher-than-expected annual operating profit of $7.8 billion, slightly edging out analysts' estimates. Facing climate disasters and wars, insurers remain resilient. The company plans for 9% compound annual growth in core earnings per share from 2025-2027.

Palantir Stock Plunges 10% on Pentagon Budget Cut Concerns

Palantir stock (PLTR) plunged 10% for a second day amid Pentagon budget cut concerns. Analyst Dan Ives believes the tech firm can weather the storm due to its unique software approach.

Premarket Briefing: Stock Futures Dip, Walmart Tumbles, Alibaba Soars, Palantir Slips, Carvana Sinks

US stock futures are pointing lower after S&P 500 closed at a record high; Walmart stock drops on soft outlook; stocks to watch include Alibaba, Palantir, and Carvana.