Wall Street sees sharp pullback with Dow dropping over 450 points, Nasdaq retreats

From Nasdaq: 2025-02-20 16:25:18

Wall Street saw a sharp pullback with the Dow dropping over 450 points due to Walmart’s disappointing earnings report, sparking macroeconomic concerns. The S&P 500 and Nasdaq also retreated, with tech giant Palantir losing over 12% for the week. Options traders are eyeing a crypto stock, C3.ai stock shows a bull signal before earnings, and updates on BABA’s bounce and Carvana’s earnings are discussed.

Federal Reserve President expresses concern about stagflation, Israeli Prime Minister vows retaliation against Hamas, another fear gauge for investors to monitor, Alibaba stock surges, and Carvana’s strong quarter is overshadowed by a gloomy forecast.

Oil futures rose for the third day, with WTI crude settling at $72.25 per barrel. Gold prices hit their 10th all-time high of 2025, reaching $2,954.69 amid global trade war fears sparked by President Trump’s tariff threats, with the February contract at $2,957.50 an ounce.



Read more at Nasdaq: Nasdaq Snaps Winning Streak; Dow Logs Worst Day Since January