Closing Bell | U.S. Markets Decline, Walmart Drops 6.53%, Alibaba Surges 8.12%

Market Watcher02-21
On February 20, 2025, U.S. stock markets closed with losses. The Dow Jones Industrial Average fell by 1.01%, the NASDAQ Composite dropped by 0.47%, and the S&P 500 declined by 0.43%.

In sector performance, U.S. silver stocks saw significant gains with Pan American Silver (PAAS) up 5.11%, and First Majestic Silver (AG) rising 7.26%. Hot Chinese stocks also performed well, with Alibaba (BABA) surging 8.12% and Bilibili (BILI) increasing by 8.76%. The e-commerce sector saw gains, led by Alibaba (BABA) up 8.12% and JD.com (JD) up 5.10%. Conversely, the retail sector experienced notable declines, with Walmart (WMT) dropping 6.53%.

Apple rose by 0.39%. Loop called Palantir a “game-changing software play,” leveraging AI themes.

Microsoft increased by 0.53% after announcing its first quantum computing chip, leading to positive market reactions in the quantum computing sector.

Amazon.com fell by 1.65%. Loop called Palantir a “game-changing software play,” leveraging AI themes.

Tesla Motors declined by 1.71%. Despite bullish sentiment, Tesla experienced a 2.3% drop in early trading, with its stock price falling to $352.25 as investors weighed the risks and rewards associated with CEO Elon Musk.

Wal-Mart dropped by 6.53%. The Dow Jones Industrial Average lost over 500 points in the final hour of trade, with Walmart shares dragging the market down due to soft guidance. Despite the decline, analysts maintain a positive outlook on Walmart's stock and its potential for growth in the retail market and digital advertising segment.

Palantir Technologies Inc. fell by 5.22%. Loop called Palantir a “game-changing software play,” leveraging AI themes. The stock saw a significant increase in the price of a put option, which soared 990% in one day.

Bilibili Inc. surged by 8.76%. Chinese ADRs jumped in morning trading driven by strong earnings reports from Alibaba and Bilibili. Bilibili's Q4 revenue grew by 22%, achieving profitability.

JD.com rose by 5.10%. Chinese ADRs jumped in morning trading driven by strong earnings reports from Alibaba and Bilibili.

SoFi Technologies Inc. declined by 3.83%. Concerns were raised by BTIG analyst Vincent Caintic regarding the company's ability to balance innovation with scalability.

Boeing fell by 2.83%. Boeing appointed Jeff Shockey as the executive vice president of Government Operations Global Public Policy & Corporate Strategy, reflecting Boeing's commitment to safety, quality, and performance.

Alibaba surged by 8.12%. Alibaba's CEO announced significant investments in AI and cloud computing infrastructure over the next three years, with Q4 earnings showing a 239% increase in net profit.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment