01 Stock Market
The U.S. major indexes closed as follows: Dow Jones up 0.10% at 50188.14; S&P 500 down 0.33% at 6941.81; NASDAQ down 0.59% at 23102.47. The blue-chip Dow Jones eked out gains while the tech-heavy NASDAQ and broad S&P 500 slipped, as mixed megacap performance and sharp moves in chips weighed on growth benchmarks. Investors balanced strong single-stock stories against pockets of profit-taking in high-beta names.
Unusual-move stocks were mixed, with chip and AI leaders softer while select large-caps rose. Notably, Western Digital (WDC) down 8.19% at $262.56; Seagate (STX) down 6.77% at $396.23; Micron (MU) down 2.67% at $373.25; Intel (INTC) down 6.19% at $47.13; NVIDIA (NVDA) down 0.79% at $188.54; AMD (AMD) down 1.13% at $213.57; while Taiwan Semiconductor (TSM) up 1.83% at $361.91. Among megacaps, Tesla (TSLA) up 1.89% at $425.21; Oracle (ORCL) up 2.11% at $159.89; Microsoft (MSFT) down 0.08% at $413.27; Alphabet (GOOG) down 1.78% at $318.63; Amazon (AMZN) down 0.84% at $206.96; Apple (AAPL) down 0.34% at $273.68; Palantir (PLTR) down 2.38% at $139.51. Elsewhere, S&P Global (SPGI) down 9.71% at $401.08 and Netflix (NFLX) up 0.91% at $82.21 highlighted divergent earnings reactions.
Earnings and corporate actions shaped the tape, with guidance and financing moves in focus. A weaker outlook pressured S&P Global, while enthusiasm around enterprise demand supported Oracle. Select semiconductors retreated after strong runs, even as TSM rose. Broad ETFs reflected consolidation: SPY down 0.26% at $692.12 and QQQ down 0.46% at $611.47.
02 Other Markets
U.S. 10-year Treasury yield rose by 0.00%, latest at 4.14%.
USD/CNH rose 0.0000%, at 6.91; USD/HKD fell 0.0013%, at 7.82.
U.S. Dollar Index rose 0.0010%, at 96.88.
WTI crude futures rose 0.52%, at 64.29 USD/bbl; COMEX gold futures rose 0.45%, at 5053.40 USD/oz.
03 Top News
1. Lyft issued a weaker adjusted core profit outlook and reported an operating loss, sending shares lower. The company guided adjusted core profit below expectations and pointed to winter weather and seasonal cost pressures as headwinds. Management highlighted strong fourth-quarter operating trends and a larger buyback, but margins face pressure from rising insurance and cost dynamics.
2. Robinhood reported quarterly revenue below expectations as crypto trading slowed, and shares fell. The brokerage’s transaction revenue rose, led by equities and options, but crypto revenue missed forecasts. Executives noted active traders remained engaged, though pricing tiers reduced rebates, and overall results reflected a turbulent digital-asset backdrop.
3. Paramount sweetened its bid for Warner Bros Discovery with a quarterly “ticking fee” and pledged to cover a Netflix breakup fee. The revised offer adds per-share cash for each quarter until closing and includes funding for a large termination fee if Warner exits a competing agreement. The move seeks to sway shareholders by improving certainty and economic terms.
4. Alphabet sold about $20 billion in multi-tranche bonds to fund AI infrastructure, pressuring its shares. The issuance spans maturities out to very long tenors, reflecting the surge in data center and chip investment needs. Investors noted Big Tech’s pivot toward debt financing as capital intensity rises for AI buildouts.
5. Oscar Health’s quarterly loss widened on elevated medical utilization, but the company reaffirmed a return-to-profitability plan. Revenue increased as membership expanded, though the medical loss ratio rose above internal targets. The insurer also secured a $475 million revolving credit facility to bolster liquidity for general corporate purposes.
6. S&P Global guided full-year profit below consensus, and the stock dropped sharply. Management projected adjusted EPS under street expectations despite revenue growth, citing industry shifts and investment needs. Analysts said proprietary data and benchmarks could cushion longer-term margins as AI efficiency gains materialize.
7. Kering signaled a gradual recovery at Gucci and targeted a return to growth, lifting shares. Quarterly sales declines moderated, and management outlined margin improvement ambitions with leadership changes and brand initiatives. The update boosted confidence in a multiyear turnaround across Kering’s portfolio.
8. CVS Health posted solid revenue growth but flagged Medicare program pressures, nudging shares lower. Adjusted EPS topped expectations even as health insurance operations faced higher utilization. Guidance reiterated steady EPS and a lower cash flow outlook, with strength in retail pharmacy and pharmacy-benefit management partially offsetting insurance headwinds.
9. Datadog beat on revenue and adjusted EPS, with shares jumping on continued customer expansion. Sales growth approached 30% year over year as cloud observability and security adoption broadened. Management emphasized durable demand across large enterprises and improving operating leverage.
10. Harley-Davidson issued disappointing guidance and reported weaker quarterly results, driving a sharp stock selloff. Sales fell and profit metrics missed, while the outlook for motorcycle operations ranged from a small loss to modest profit. The company plans higher wholesale shipments, but financial-services income is expected to decline significantly.
Sources: Reuters, Dow Jones, Tiger Newspress, public market data
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Disclaimer: This content is for reference only and does not constitute investment advice.
