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.
Palantir Technologies' stock fell by 10% following reports of potential Pentagon budget cuts, raising concerns over future government contract revenues. Despite recent gains, the company faces uncertainty as Defense Secretary Pete Hegseth proposes an 8% annual reduction in defense spending over the next five years.
Reddit's shares fell more than 15% after reporting weaker-than-expected user growth in its fourth-quarter earnings, despite strong financial results and optimistic future revenue guidance.
Reddit Inc. experienced a significant drop in its stock price after reporting weaker-than-expected user growth for the fourth quarter, despite strong financial results and optimistic future guidance.
Nvidia faced its worst single-day stock performance, losing nearly $600 billion in market value due to competition from Chinese AI company DeepSeek, raising concerns over Nvidia's dominance in the AI chip market.