Walmart CEO Retires, US Head to Lead Retailer Into AI Age. Listen for more on Bloomberg Intelligence. https://t.co/UfGDlFcgHb ...

Core Insights - Wall Street experienced a significant decline, with large-cap technology companies losing $1.5 trillion in market value over two days due to reduced expectations for a Federal Reserve interest rate cut in December [1][2][12] Market Performance - Major US indices faced volatility, with the Nasdaq Composite falling 1.5%, the S&P 500 dropping 1.1%, and the Dow Jones Industrial Average losing 479 points, marking the lowest intraday levels of the week [3][4][7] - The selloff on Thursday was noted as the worst one-day performance for major US indices since October 10, with the Dow reversing gains from the previous day [7][9] Technology Sector Impact - Top technology companies such as Nvidia, Microsoft, Palantir, Tesla, Amazon, Intel, and AMD saw sharp declines despite reporting strong earnings [2][15] - AI-focused stocks were particularly affected, as investors expressed concerns over overvaluation in companies heavily investing in artificial intelligence [2][8][15] Individual Stock Movements - Nvidia dropped 2.8%, AMD slid 4.7%, and both Tesla and Palantir fell 3% following larger declines on the previous day [6][15] - Significant losses were reported for Palantir (-11.0%), Tesla (-10.5%), Intel (-9.0%), and AMD (-8.0%) among others [14][15] Investor Sentiment - Investor concerns centered around the sustainability of the AI trade, with Oracle's pullback raising alarms about stretched valuations and rising debt [8][9] - Expectations for a Fed rate cut in December decreased, with traders now assigning a 52% chance of a quarter-point cut, down from 62.9% earlier in the week [9][15] Notable Gains Amidst Turbulence - A few companies saw notable gains, including Cidara Therapeutics which surged 105% after a $9.2 billion acquisition announcement by Merck, and Avadel Pharmaceuticals which rose 20% following a purchase offer [10][11]

Good Friday morning from Yahoo Finance's New York City headquarters studios. I'm Yahoo Finance executive editor Brian Sazi. We are coming to you the day after our headline making annual invest event. The hot takes from our chats with our big guests like Eric Trump, Michael Sailor, and Albert Borla will be sprinkled in throughout opening bid and throughout the day here at Yahoo Finance. And this analysis comes at a key juncture for markets. The S&P 500 is on course for its first back-to-back weekly loss sinc ...

The owner of the historic BHV Marais department store in Paris said he would delay the opening of physical Shein outposts in regional cities, citing too much demand and insufficient space at the sites https://t.co/0p5YbQpYHh ...

Blue-chip retail stock Walmart Inc (NYSE:WMT) is sliding today, after reports that CEO Doug McMillon is retiring in January after more than a decade in charge. John Furner, currently CEO of Walmart U.S., will succeed him on Feb. 1. At last check, WMT was down 1.7% at $100.83. The shares earlier dipped low as $98.90, dropping below $100 that has been a floor since early September. Support at the 160-day moving average appears to be keeping today's pullback in check as well. Though the stock has fallen a bit ...

Group 1 - The K-shaped economy is highlighted as a significant theme, particularly as various retailers prepare to report their Q3 earnings results next week [1] - The highest quartile of wage earners is performing well, benefiting from healthy salary increases and a robust global economy [1] Group 2 - The article emphasizes the importance of analyzing stock market sectors, economic data, and market conditions to identify investment opportunities [1] - There is a focus on thematic investing and the macro drivers of various asset classes, including stocks, bonds, commodities, currencies, and cryptocurrencies [1]

Market Overview - Major U.S. stock indexes experienced significant declines, with the Dow Jones Industrial Average dropping approximately 550 points (1.1%), the S&P 500 declining 0.3%, and the Nasdaq erasing 1.1% as trading opened on Friday [1] - This follows a previous day where the indexes recorded their largest single-day losses since October, with declines of 1.6% for both the Dow and S&P 500, and 2.2% for the Nasdaq [1] Technology Sector Performance - Tesla shares fell to around $392, down 2.4%, contributing to losses in the tech-heavy Nasdaq, alongside declines from Intel (2.9%), AMD (3%), Alphabet (1.5%), Palantir (1.2%), Nvidia (0.4%), and Broadcom (1.2%) [2] - Other major semiconductor stocks faced a premarket selloff, with AMD, Broadcom, Qualcomm, and Intel dropping 2.39%, 1.12%, 1.43%, and 2.51% respectively [3] - Megacap stocks such as Meta, Amazon, and Microsoft also saw declines of 1.5%, 1%, and 0.3% respectively [3] Cryptocurrency Market - The cryptocurrency market faced a significant selloff, with Bitcoin dropping below $96,000 for the first time in six months, down more than 6.3% over the past 24 hours, reaching around $96,466 after earlier falling to as low as $94,592 [4] - Ether, the second-largest cryptocurrency, dropped to $3,130, down more than 10.3% over the past 24 hours [4] - Other major cryptocurrencies, including XRP, Solana's SOL, and Binance's BNB, experienced declines of 8.8%, 10.5%, and 6.2% respectively [4] - Crypto-linked stocks also declined, with MicroStrategy down 3.9% and Coinbase down 1.3% [4]

Market Overview - The VIX index has spiked to 21, indicating increased market volatility and negative internal health signals in the US stock market across all six metrics [1] - The S&P 500 has experienced downward pressure but is off its lows, with market breadth weakening despite some rotation back into major tech stocks [2][3] - Concerns about market liquidity have emerged, contributing to volatility and affecting tech stock valuations, particularly in the AI sector [4] Cryptocurrency Insights - Bitcoin has fallen below the $100,000 level, serving as a liquidity gauge for tech stocks, with equities also moving lower [5] - The S&P 500 is at a critical support level, with recent bounces off these levels being monitored [6] Tariff Developments - The Trump administration is considering tariff exemptions on products like coffee and cocoa to address affordability issues, which could positively impact staple companies like Walmart and Target [10][11] - Easing tariffs may alleviate inflationary pressures and provide the Federal Reserve with more confidence to cut rates [13] Energy Market Dynamics - Crude oil prices have risen by about 2% due to geopolitical tensions, particularly a Ukrainian strike on Russian oil export assets, impacting approximately 2.2 million barrels per day [16][17] - The energy market is also reacting to the temporary shutdown of a pipeline and the seizure of a tanker by Iran, which could affect logistics and tanker rates [19][20] Precious Metals Trends - Gold and silver prices have seen significant drops, attributed to liquidation as traders seek to raise capital, with gold currently above the $4,000 level [22][23] - Changes in tariffs related to gold could influence its price, as lower tariffs may lead to reduced prices for precious metals [25][26] Cryptocurrency Market Sentiment - Bitcoin's recent performance has been closely watched, with notable figures in the industry expressing bullish sentiments for the future [27]

Upgrades - JPMorgan upgraded MP Materials (MP) to Overweight from Neutral with a price target of $74, down from $75, citing the company's national security importance as underappreciated at current share levels [2] - Jefferies upgraded Gap (GAP) to Buy from Hold with a price target of $30, up from $22, noting a strong turnaround under new management for both Gap and Old Navy brands [2] - Mizuho upgraded TripAdvisor (TRIP) to Neutral from Underperform with a price target of $17, up from $14, believing that the company's traffic weakness is now better reflected in the shares [3] - Loop Capital upgraded Shake Shack (SHAK) to Buy from Hold with a price target of $127, up from $98, arguing that concerns over slower growth in October are overblown [3] - Baird upgraded Circle Internet (CRCL) to Outperform from Neutral with an unchanged price target of $110, viewing Circle's current valuation as reasonable given the outstanding growth of USDC [3] Downgrades - Jefferies downgraded Progressive (PGR) to Hold from Buy with a price target of $232, down from $261, anticipating a lighter growth environment due to increased competition in the personal auto insurance market [4] - BofA downgraded Flowserve (FLS) to Neutral from Buy with a price target of $73, up from $60, believing that near-term nuclear upside is already priced into shares [4] - BofA downgraded StubHub (STUB) to Neutral from Buy with a price target of $19, down from $25, as Q3 revenue and EBITDA beat expectations but lacked guidance for Q4 metrics [5] - Craig-Hallum downgraded Applied Materials (AMAT) to Hold from Buy with a price target of $190, suggesting that better buying opportunities may arise in the coming quarters as industry spending increases are still some time away [5] - Stifel downgraded Home Depot (HD) to Hold from Buy with a price target of $370, down from $440, expressing a cautious bias ahead of the company's Q3 report [6] Initiations - Baird initiated coverage of Microsoft (MSFT) with an Outperform rating and a $600 price target, highlighting its leadership in the AI revolution through partnerships with OpenAI [7] - Loop Capital initiated coverage of Polaris (PII) with a Hold rating and a $59 price target, maintaining a cautious view on the company's long-term outlook [7] - Wells Fargo initiated coverage of United Rentals (URI) with an Overweight rating and a $995 price target, favoring construction machinery stocks over engineering services due to a favorable supply setup [7] - Cantor Fitzgerald initiated coverage of DiaMedica Therapeutics (DMAC) with an Overweight rating and a $25 price target, noting compelling data for DM199 in treating pre-eclampsia [8] - Stephens initiated coverage of Simpson Manufacturing (SSD) with an Equal Weight rating and a $187 price target, expecting subdued U.S. housing starts until at least the second half of 2026 [8]

Group 1 - TKM Grupp AS's subsidiaries, including Selver AS, TKM Kinnisvara AS, and TKM Kinnisvara Tartu OÜ, have extended the authorities of their current Management Board members for additional terms [1][3] - Selver AS operates a chain of supermarkets and hypermarkets primarily focused on food and convenience goods [1] - TKM Kinnisvara AS is involved in the development, management, maintenance, and leasing of commercial properties owned by TKM Grupp AS [1] Group 2 - The Audit Committee of TKM Grupp AS, consisting of Kaia Salumets (chairman), Jüri Käo, Gunnar Kraft, and Kristo Anton, will continue for another 3-year term starting from January 26, 2026 [2] - The Audit Committee advises the Supervisory Board on supervisory matters [2] - Kristi Simonsen's term as a member of the Management Board of AS Selver has been extended for another 3 years starting from December 4, 2025 [3]