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American Express Plunges 7.9% as Inflation Fears Rattle Financial Sector
American Express shares tumbled nearly 8% on Friday, dragged down by a sector-wide retreat in financial stocks following higher-than-expected inflation data. Investors now brace for key employment and inflation reports next week.
Salesforce Faces Investor Scrutiny Over AI Strategy and Revenue Outlook
Salesforce shares fell as a softer revenue outlook and significant AI spending unsettled investors, despite announcing a $50 billion share repurchase and increased dividend. Broader tech stocks also retreated on inflation concerns.
Intuit Shares Swing on Mixed Q2 Results, Soft Q3 Outlook
Intuit shares climbed 3.7% to $409.03 Friday before dropping roughly 4% in extended trading following third-quarter earnings guidance that fell short of analyst expectations. The company posted a 17% revenue increase for its second quarter.
Applied Materials Retreats from Highs Amid Insider Sale and Sector Pressure
Applied Materials shares fell 0.91% to $372.30 Friday, retreating from a recent peak near $396. The drop followed an insider sale and a sector-wide decline driven by inflation data and Nvidia's earnings aftermath.
Walmart Settles FTC Driver Pay Case for $100M as Shares Defy Market Dip
Walmart will pay $100 million to resolve FTC allegations it misled delivery drivers about earnings. Its stock rose 2.84% to $127.95 on Friday, outperforming the market.
Booking Holdings Investors Eye Key March Dates Following Quiet Session
Booking Holdings shares dipped slightly Friday, with investor focus shifting to a key CFO conference appearance on March 3 and the record date for its 25-for-1 stock split on March 6.
Costco Shares Surge Past $1,000 Mark as Bank of America Issues Bullish Call
Costco Wholesale Corporation shares gained 2.44% to close at $1,010.79, outperforming a weaker market. Bank of America reinstated coverage with a Buy rating and a $1,185 target, citing the retailer's broad consumer appeal.
Goldman Sachs Tumbles 7.5% Amid Credit, Inflation Jitters
Goldman Sachs shares plunged 7.5% Friday, dragged down by a broad selloff in financial stocks fueled by renewed credit market concerns and disappointing inflation data. The focus now shifts to upcoming U.S. employment figures.
Lilly's Obesity Pill Data Sparks Stock Rebound, FDA Decision Looms
Eli Lilly shares gained nearly 3% to $1,051.99, ending a three-day decline. The move follows new clinical data for its oral obesity treatment, with a key FDA verdict anticipated next month.