Stock Market Movement and Company Earnings
The stock market experienced a significant decline, with the S&P 500 recording its worst session of the year. Apple announced its largest-ever spend commitment, planning to invest over $500 billion in the U.S. over the next four years. Berkshire Hathaway reported a surge in fourth-quarter operating earnings, while Alibaba plans to invest over $52 billion in artificial intelligence and cloud infrastructure. Domino's Pizza reported earnings that missed analysts' estimates. Earnings reports are expected from various companies throughout the week, including Nvidia. Nike's stock was upgraded to Buy by analysts at Jefferies.