Stocks nudge up; US curbs on China tech rattle sentiment
February 25, 2025
Breaking News
Image source: Wikimedia Commons
Stocks nudge up; US curbs on China tech rattle sentiment. 📊 Global shares traded cautiously higher on Tuesday, in light of growing evidence of a softening in the U.S. economy ahead of earnings from Nvidia, while the euro eased below the one-month highs that followed Germany's weekend election. Reuters reports.
EdgeUp
💰 AIFunds: Apple plans $500 billion in US investment, 20,000 research jobs in next four years. Reuters reports.
🏡 DepotSurge: Home Depot earnings beat Wall Street estimates, as retailer breaks comparable sales losing streak. CNBC reports.
🚀 AIOrders: Nvidia's H20 chip orders jump as Chinese firms adopt DeepSeek's AI models. Reuters reports.
💉 ZepBoost: Eli Lilly is selling higher-dose vials of Zepbound at a lower price to boost weight loss drug access. CNBC reports.
📉 DomDip: Domino's Pizza Enterprises falls on slowing sales momentum, first-half profit miss. Reuters reports.
🍕 TakeoutDeal: Just Eat shares soar 54% after Prosus offers to buy food delivery firm for $4.3 billion. CNBC reports.
🌍 Alipay: American Express joins Alipay digital payment system in China. Reuters reports.
Top 5 Movers in Early Pre-Market
(All pricing and percent gains are based on Early Pre-Market from 4:00 AM to 7:00 AM Eastern Time)
Benzinga reports.
1) $WAFU: Wah Fu Education Group
Total gain: +117.31%
2) $BREA: Brera Holdings
Total gain: +94.83%
3) $FMTO: Femto Technologies
Total gain: +90.11%
4) $MFI: mF International
Total gain: +71.75%
5) $MBRX: Moleculin Biotech
Total gain: +64.48%
What’s Moving The Markets
* with Richie Naso, a Wall Street veteran of over 40 years and former member of the NYSE.
Will Nvidia decide the near-term direction?
The week of February 17 to February 21, 2025, saw significant volatility in the U.S. stock markets, culminating in notable declines across major indices.
On Friday, February 21, the markets experienced sharp downturns:
- S&P 500: Fell 1.7%, closing at 6,013.13.
- Dow Jones Industrial Average: Dropped 1.7%, ending at 43,428.02.
- Nasdaq Composite: Declined 2.2%, finishing at 19,524.01.
Several factors contributed to this downturn:
- Economic Data: The University of Michigan's consumer sentiment index dropped 10% to 64.7, indicating growing consumer pessimism.
- Corporate Earnings: Companies like Walmart provided cautious outlooks, raising concerns about consumer spending amid inflation and tariff issues.
- Policy Uncertainty: Rapid policy changes, including new tariffs and spending cuts, introduced uncertainty, unsettling investors.
In response to these developments, investors shifted towards safer assets, leading to increased demand for the 10-year Treasury note.
Despite the week's challenges, the S&P 500 remains up over 2% for the year 2025.
Yesterday's Biggest Movers
The closing price of the top three market percent gainers trading near or above $3 on February 24.
*All pricing and percent gains are based on regular market trading hours from 9:30am to 4:00pm Eastern Time
1) $ATCH: AtlasClear Holdings
Total gain: +138%
The stock appeared to be moving on no notable news.
2) $PEPG: PepGen
Total gain: +66.55%
The company reported financial results for the quarter and year ended December 31, 2024, and recent corporate highlights. Benzinga reports.
3) $JTKWY: Just Eat Takeaway.com
Total gain: +52.63%
The stock appeared to be moving on no notable news.
Today’s Notable Earnings
*Estimate and Actual numbers represent Earnings Per Share in US Dollars
DEA: Easterly Government
After Market Close
4Q 2024
Estimate: 0.300
Actual: 0.290
XHR: Xenia Hotels & Resorts
After Market Close
4Q 2024
Estimate: 0.380
Actual: 0.390
PLNT: Planet Fitness
After Market Close
4Q 2025
Estimate: 0.620
Actual: 0.700
Today’s Key Economic Dates
Time (ET) / Report / Period
4:20 AM - Dallas Fed President Lorie Logan speaks in London
9:00 AM - S&P Case-Shiller home price index (20 cities) - December
Parting Thoughts
“Buying a company without having sufficient knowledge about it is far more risky than investing with conviction in a select few companies.”
- Philip A. Fisher
Sourced in: “Common Stocks and Uncommon Profits”, by Philip Fisher, published in 1958