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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.
Published on: February 20, 2025, 03:04 PM UTC
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.
Published on: February 20, 2025, 03:03 PM UTC
Palantir (PLTR) stock plunges 14.45% after negative news and CEO's stock sale plan, raising concerns about overvaluation and reliance on government contracts.
Published on: February 20, 2025, 03:02 PM UTC
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.
Published on: February 20, 2025, 03:02 PM UTC
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.
Published on: February 20, 2025, 03:01 PM UTC
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.
Published on: February 20, 2025, 03:01 PM UTC
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.
Published on: February 20, 2025, 03:01 PM UTC
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.
Published on: February 20, 2025, 03:01 PM UTC
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.
Published on: February 20, 2025, 03:00 PM UTC
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.
Published on: February 20, 2025, 02:07 PM UTC