Stock futures are little changed after Thursday’s sell-off on Wall Street: Live updates

Stock futures are little changed after Thursday’s sell-off on Wall Street: Live updates


Traders work on the New York Stock Exchange floor on Feb. 20, 2025.

Spencer Platt | Getty Images

U.S. stock futures were little changed on Thursday night after the major averages slid following a lackluster earnings forecast from retail giant Walmart.

Dow Jones Industrial Average futures were trading near the flatline, as were S&P 500 futures and Nasdaq-100 futures.

During Thursday’s regular session, the Dow shed 450.94 points, or 1.01%. The S&P 500 lost 0.43% and retreated from its recent all-time highs, while the Nasdaq Composite fell 0.47%. Investors pointed to a smattering of reasons behind the market’s sell-off in addition to Walmart‘s 6.5% dip, including lingering inflationary concerns and declines in shares of Palantir.

But the market’s fears on Thursday may have been slightly overblown, according to Art Hogan, chief market strategist at B. Riley Wealth Management. He added that Friday’s economic data releases, which include the latest purchasing managers’ index readings and January’s existing home sales, will point equities in a direction to end the week.

“There’s a chance that there’s enough overall selling pressure that might drive in some margin hunters on Friday and try to claw back some of the losses that we’re seeing today,” he told CNBC in an interview. “I certainly think you’ll get a sense tomorrow if investors feel like in the near term the moves today are overdone, especially if the PMIs and existing home sales are in line.”

Hogan added: “I don’t think that there’s going to be a piece of economic data that could necessarily stir things up.”

On a week-to-date basis, the S&P 500 is on pace for a slim gain of less than 0.1%, while the Nasdaq Composite is off 0.3%. The Dow is the underperformer, tracking for a 0.8% loss over the period.



Source

PayPal signs deal with OpenAI to become the first payments wallet in ChatGPT
World

PayPal signs deal with OpenAI to become the first payments wallet in ChatGPT

Alex Chriss, CEO of PayPal Inc. Courtesy: PayPal PayPal has signed a deal with OpenAI to have its digital wallet embedded into ChatGPT so users can pay for items found through the leading consumer AI tool, the company told CNBC exclusively. The agreement, sealed over the weekend, means that starting next year, both sides of […]

Read More
European stocks turn negative as earnings, Fed decision hold spotlight; Novartis falls 3%
World

European stocks turn negative as earnings, Fed decision hold spotlight; Novartis falls 3%

LONDON — European stocks were lower on Tuesday as global markets await the U.S. Federal Reserve’s interest rate decision. By 8:58 a.m. in London (4:58 a.m. ET), the pan-European Stoxx 600 was trading 0.2% lower, with most sectors and major bourses trading in negative territory. Bucking the trend was the utilities sector, often seen as […]

Read More
Novartis CEO says pharma giant has the firepower for big M&A deals: ‘Can never be done’
World

Novartis CEO says pharma giant has the firepower for big M&A deals: ‘Can never be done’

This photograph taken on October 30, 2022, shows the logo of the Swiss pharmaceutical and drug maker Novartis on a building in Basel. Gabriel Monnet | Afp | Getty Images Novartis “can never be done” when it comes to major acquisitions in its sector as it always needs to look for the next “great asset,” […]

Read More