Stock Market

Dow Drops Over 400 Points Amid Economic Concerns

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 Drops Amid Pentagon Budget Cut Concerns

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.