NEW YORK (AP) — U.S. stocks fell Thursday, while oil prices rose with worries about a potential conflict between the United States and Iran. The S&P 500 slipped 0.3% for its first loss in four days. The Dow Jones Industrial Average dropped 267 points, or 0.5%, and the Nasdaq composite slipped 0.3%. Booking Holdings dropped 6.1% for one of the market’s sharper losses, even though the company behind the Booking.com, Priceline and OpenTable brands reported a profit for the latest quarter that edged past a ...

🚨STOCKS: CARVANA DROPS 20% AFTER HOURS@Carvana stock dropped 20% after hours following Q4 earnings revealed shrinking gross profit per unit. https://t.co/CDdlXewbED ...

Market Overview - Major U.S. indices closed higher, with the Dow Jones Industrial Average rising 0.26% to 49,662.66, the S&P 500 advancing 0.56% to 6,881.31, and the Nasdaq climbing 0.78% to 22,753.63 [1] Carvana Co. (NYSE:CVNA) - Carvana shares rose 3.02% to close at $361.53, with an intraday high of $366.26 and a low of $339.15; however, the stock crashed nearly 15% to $307.70 in after-hours trading [1] - Carvana reported strong fourth-quarter results, with revenue rising 58% year-over-year to $5.60 billion, exceeding the $5.26 billion consensus estimate, and sold 163,522 vehicles, up 43% from a year ago [2] - Adjusted EBITDA reached $511 million with a 9.1% margin, reflecting improved unit economics despite a sequential dip in profitability [2] Figma Inc. (NYSE:FIG) - Figma shares rallied in extended trading after delivering strong fourth-quarter results, reporting EPS of 8 cents, surpassing the 7-cent estimate, and revenue rose to $303.78 million from $216.95 million a year earlier, ahead of the $293.15 million consensus [3] - Looking ahead, Figma guided first-quarter revenue of $315 million to $317 million, well above estimates, and projected full-year fiscal 2026 revenue of $1.37 billion to $1.374 billion, reinforcing confidence in continued growth [4] DoorDash Inc. (NASDAQ:DASH) - DoorDash posted EPS of 48 cents, below the 60-cent consensus, while revenue of $3.96 billion came in just shy of the $3.99 billion estimate, though significantly up from $2.87 billion a year ago [5] - For the first quarter, DoorDash expects marketplace GOV between $31 billion and $31.8 billion and adjusted EBITDA of $675 million to $775 million, as investors weigh continued growth against the earnings miss [5] Occidental Petroleum Corporation (NYSE:OXY) - Occidental Petroleum shares rose 2.55% to $47.11, with an intraday high of $47.43 and a low of $46.26; in after-hours trading, the stock rose 2.95% to $48.50 [6] Rackspace Technology Inc (NASDAQ:RXT) - Rackspace announced a strategic partnership with Palantir Technologies, leading to a dramatic rally as the company aims to enhance its deployment of Palantir's Foundry and AI Platform [7]

Market Overview - The S&P 500 experienced a modest increase of 0.6%, recovering from earlier losses, indicating a slight reinvigoration in the market [70][72] - Major indices showed green across the board, suggesting a broad-based rally despite low trading volume [70][72] Economic Indicators - U.S. industrial production and business equipment orders data were released, providing a positive outlook ahead of the upcoming GDP report, which indicated a respectable growth of 2.7% for the previous year [4][3] - Concerns over inflation have resurfaced, with the Federal Reserve's recent minutes suggesting that the inflation fight is ongoing, and the Fed is recalibrating its policy towards a neutral stance [6][7] Technology Sector Insights - Big tech stocks have faced skepticism from investors, particularly regarding their valuations after a significant selloff in software stocks [2][3] - Apple has been noted for its relatively low capital expenditures compared to its peers, positioning it well amidst the current AI-driven market dynamics [60][61] Investment Strategies - Wellington Management is expanding its private markets team, focusing on investments in companies before they go public, particularly in biotech and climate technology [38][41] - The firm has been building capabilities in private assets for retail investors, indicating a strategic shift towards private market investments [39][42] AI and Semiconductor Market - The AI sector is experiencing a correction, with discussions around the need for discipline in evaluating the value of different players in the market [73][75] - Taiwan's semiconductor industry is highlighted as a critical player, with significant growth in exports and a strong competitive advantage in advanced manufacturing [78][80]

Market Overview - US stock futures retreated as fears of US-Iran conflict fueled a jump in oil prices, with S&P 500 and Nasdaq 100 futures falling about 0.3% [1] - Oil prices saw their biggest daily jump since October, with Brent crude rising above $71 per barrel and West Texas Intermediate near $66 [2] - Investors are analyzing the Federal Reserve's minutes from January's policy meeting, which indicated divisions over future rate hikes amid persistent inflation [3] Company Earnings - Walmart is set to report earnings, acting as a bellwether for the retail sector [4] - DoorDash reported fourth-quarter results that slightly missed Wall Street expectations, with earnings per share at $0.48 compared to the forecast of $0.55, but adjusted EBITDA rose 38% year over year to $780 million [7][8] - DoorDash's revenue grew 28% year over year to $3.96 billion, slightly below the nearly $4 billion expected, while total orders increased 32% to 903 million [8][9] - For Q1 2026, DoorDash expects marketplace GOV to be between $31.0 billion and $31.8 billion, exceeding the Street's forecast of $30.75 billion [10] Industry Developments - Samsung Electronics' stock surged to a record high as it negotiates a price for its latest AI memory chip, HBM4, which is expected to be priced around $700 per unit, up to 30% higher than the previous generation [4][5] - Samsung has started mass production of HBM4 chips and has shipped commercial products to customers, marking a comeback in the AI chip market [6]

And right now we are 2 minutes away from the end of the trading day. Romaine Bostick here with Katie Greipel taking you through to that closing bell with the global simulcast Carol Massar and Tim Stenovec pop up on the screen. Welcome to our audiences across all of our Bloomberg platforms.That's television, that's radio. That's our partnership with YouTube passing the most crucial moments of the day. Carol Massar Yes, we had a little bit of a rebound rally here on the day, some of the gains being given back ...

Carvana posted strong profit growth in the fourth quarter that still missed Wall Street’s estimates due to higher-than-expected operating costs https://t.co/qx36ZEVnyu ...

Market Overview - The S&P 500 is attempting its first three-session win streak since late January, with markets solidly higher [1] - Sector rotation is a significant theme, with investments increasing in energy, technology, consumer discretionary, materials, and financials, while real estate, utilities, and consumer staples are being sold off [1] Economic Indicators - New orders for manufactured durable goods, excluding transportation, increased by 0.9% in December, surpassing estimates of a 0.3% increase [1] - January industrial production rose by 0.7% month over month, exceeding forecasts of a 0.4% increase [1] Company Developments - Alphabet announced the launch of Lyria 3, a generative music model available in its Gemini app, allowing users to create custom 30-second tracks [1] - The introduction of Lyria 3 is expected to enhance the quality of soundtracks for YouTube Shorts, potentially increasing creator engagement on the platform compared to competitors like TikTok and Instagram Reels [1] Upcoming Earnings Reports - Companies reporting quarterly earnings after the market close include DoorDash, Carvana, Occidental Petroleum, Figma, Blue Owl Capital, and Molson Coors Beverage [1] - Before the market opens on Thursday, Walmart, Quanta Services, Deere, and Wayfair are scheduled to report their results [1]

Market Overview - U.S. markets closed with modest gains after a strong start, driven by Meta Platforms' announcement to purchase millions of Nvidia AI chips for data center expansion [2] - Major indexes showed the following performance: Nasdaq (+0.78%), S&P 500 (+0.56%), Russell 2000 (+0.45%), and Dow (+0.26%) [2] Sector Performance - Among S&P 500 sectors, utilities (-1.7%), real estate (-1.32%), and staples (-0.15%) experienced declines, while energy (+1.89%) and technology (+1.08%) led the gains [3] Earnings Reports - Upcoming earnings reports include Booking Holdings, CRH Plc, and Carvana, with notable market caps and performance metrics provided for each [4] - Booking Holdings Inc. has a market cap of $138.03 billion and a P/E ratio of 27.83, with a price change of +3.43% [4] - CRH Plc has a market cap of $83.18 billion and a P/E ratio of 24.74, with a price change of +1.87% [4] - Carvana Co. has a market cap of $79.048 billion and a P/E ratio of 82.77, with a price change of +3.54% [4] Federal Reserve Insights - FOMC Minutes revealed a split among Fed officials regarding future rate trajectories, with some suggesting potential rate cuts if inflation declines, while others indicated possible rate increases if inflation remains problematic [5][6] - Labor data is crucial for decision-making, with the balance between the labor market and inflation being emphasized, particularly following a small decline in the unemployment rate in January [7]

Core Insights - The final reading for the 2025 holiday shopping season indicated flat retail sales at $735.0 billion, missing the expected 0.5% increase, with a year-over-year growth of 2.4% against a 2.7% rise in the Consumer Price Index, suggesting weak real spending momentum [1][10] Retail Performance Analysis - Large U.S. retailers like Walmart, Costco, and Alibaba are under pressure due to disappointing year-end sales, impacting profit margins and earnings, which raises concerns for retail ETFs that include these companies [2] - The stagnation in December retail sales was attributed to several economic factors, including persistent inflation, economic uncertainty, early promotions that pulled sales forward, and a K-shaped consumer behavior where higher-income households remained stable while lower-income households reduced spending [4][5][6][7] Future Outlook - The retail sector's recovery depends on moderating inflation and a rebounding U.S. economy, with expectations for gradual improvement in real consumer spending if demand stabilizes and retailers manage costs effectively [8][9] - Analysts project U.S. retail sales to grow by 3.5% year-over-year in 2026, with inflation anticipated to remain between 2.6% and 3.0% [11] Retail ETFs Spotlight - **State Street SPDR S&P Retail ETF (XRT)**: AUM of $681.4 million, exposure to 73 companies, gained 10.2% over the past year, charges 35 bps in fees [12][13] - **VanEck Retail ETF (RTH)**: AUM of $265.2 million, exposure to 26 companies, rallied 9.5% over the past year, charges 35 bps in fees [14] - **ProShares Online Retail ETF (ONLN)**: Net asset value of $52.84 million, exposure to 20 online retail stocks, gained 3% over the past year, charges 58 bps in fees [15] - **Amplify Online Retail ETF (IBUY)**: AUM of $124.5 million, exposure to 81 companies in online retail, charges 65 bps in fees [16]