Dow Dips Over 100 Points; TJX Earnings Top Views

Company Performance - TJX Companies Inc reported better-than-expected fourth-quarter FY25 earnings, with sales remaining flat year-on-year at $16.4 billion, surpassing analyst consensus of $16.20 billion [2] - Overall comparable store sales increased by 5%, driven by a rise in customer transactions, and adjusted EPS was $1.23, beating the consensus estimate of $1.16 [2] Stock Movements - Enveric Biosciences, Inc. shares surged 116% to $2.54 following the announcement of promising results for its non-hallucinogenic psychedelic compounds [8] - Mullen Automotive, Inc. shares rose 59% to $3.72 after its vehicles were added to a government purchasing contract [8] - Porch Group, Inc. shares increased by 80% to $6.80 after reporting fourth-quarter financial results [8] - Flywire Corporation shares dropped 40% to $10.67 due to worse-than-expected fourth-quarter results [8] - AppLovin Corporation shares fell 17% to $311.57 amid new short reports targeting the stock [8] - Geron Corporation shares decreased by 31% to $1.6250 following its quarterly results [8] Economic Indicators - U.S. mortgage applications declined by 1.2% for the week ending Feb. 21 [9] - U.S. crude oil inventories fell by 2.332 million barrels, contrary to market expectations of a 2.54 million barrel increase [9] - Sales of new single-family homes in the U.S. decreased by 10.5% to an annualized rate of 657,000 in January [9] - Building permits also declined by 0.6% to an annualized rate of 1.473 million in January [9]