Deflationary Depression
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Stock Market Today: Dow Jones, Nasdaq 100 Futures Gain Amid AI-Led Sell-Off, Trump's Threat To Trading Partners—Whirlpool, Uber, HP In Focus - State Street SPDR S&P 500 ETF Trust (ARCA:SPY)
Benzinga· 2026-02-24 10:16
Market Overview - U.S. stock futures rose on Tuesday after a decline on Monday, with all major benchmark indices showing positive futures following a sell-off [1] - The 10-year Treasury bond yielded 4.03%, while the two-year bond was at 3.45%, indicating market expectations for interest rates to remain unchanged in March with a 95.9% likelihood [1] Index Performance - Dow Jones increased by 0.16%, S&P 500 by 0.22%, Nasdaq 100 by 0.29%, and Russell 2000 by 0.21% [2] Company Highlights - **Whirlpool**: Maintains a weak price trend across all time frames with a moderate quality ranking according to Benzinga's Edge Stock Rankings [2] - **Keysight Technologies**: Stock surged by 16.04% after reporting better-than-expected first-quarter results and strong second-quarter guidance, maintaining a strong price trend but with a poor value ranking [4] - **Vir Biotechnology**: Stock surged by 63.39% after reporting quarterly revenue of $64.07 million, surpassing estimates and narrowing losses to $0.31 per share, maintaining a strong price trend [4] - **HP Inc.**: Experienced a slight decline of 0.054% as analysts expect earnings of 77 cents per share on revenue of $13.94 billion, maintaining a weak price trend [4] - **Uber Technologies**: Stock rose by 0.47% following the announcement of plans to acquire parking app SpotHero, but maintains a weaker price trend overall [3][5] Sector Performance - Defensive sectors such as Consumer Staples, Health Care, and Utilities led gains, while Financials, Consumer Discretionary, and Industrials saw significant declines [6] Analyst Insights - Analysts from LPL Research suggest that current stock valuations are fair but offer limited compensation through equity risk premium, emphasizing the importance of starting points for long-term performance [7] - The outlook indicates that high price-to-earnings ratios may precede weaker long-term performance, advocating for patience over aggressive growth strategies [8] - The focus is on valuations, cash flow durability, and cross-asset relationships over a three-to-five-year horizon, rather than short-term narratives [9] - The strategic asset allocation maintains a modest underweight to total equity risk, favoring high-quality core taxable bonds and diversifiers to ensure portfolio resilience [10]