Economic Outlook

The Dow Jones Industrial Average fell more than 400 points on February 20, 2025, as Walmart's weak outlook raised concerns about the U.S. consumer and broader economy. The S&P 500 and Nasdaq also declined, with defense and cruise stocks among the hardest hit. Alibaba and Hasbro shares surged on strong earnings.

The Federal Open Market Committee decided to maintain interest rates at 4.25%-4.5% during its first 2025 meeting, citing ongoing inflation challenges despite economic growth and a stable labor market.