Mixed news with steady jobless claims, good Philly Fed, and healthy Q4 earnings

From Nasdaq: 2025-02-20 10:31:00

Investors are in for a busy morning with Weekly Jobless Claims, Philly Fed manufacturing, and key quarterly earnings reports. Pre-market indexes are starting lower, but the S&P 500 is on a record-closing-high streak. The Dow is -150 points, S&P 500 is -17, Nasdaq is -50, and Russell 2000 is -4. Bond yields hold steady.

Weekly Initial Jobless Claims are slightly up at 219K, the third week out of four above 220K. Continuing Claims remain stable at 1.869 million, below the 2 million threshold. Philly Fed index hits +18.1, its 2nd-best level of the year, showing strong manufacturing growth and higher prices paid.

Walmart beats Q4 earnings estimates with $180.55 billion in sales but trims guidance due to new tariff policies, shares down -6%. Alibaba shares up +12% on fiscal Q3 earnings, signaling an end to China’s tech crackdown. TripAdvisor exceeds Q4 earnings expectations, but shares drop -2.5%. Wayfair posts -$0.02 EPS but beats revenue estimates, stock up +8.5%.

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