Best Buy Co Inc

London's FTSE 100 declined 0.9% on Wednesday, giving back some of the prior session's sharp gains. Legal & General shares dropped 5% following disappointing results, while Balfour Beatty jumped as much as 12% on an upbeat forecast.

The Dow Jones Industrial Average recovered from deeper losses but remained down 0.14% by midday Monday as a sharp jump in oil prices stoked inflation fears. Early declines were led by Sherwin-Williams and 3M.

Geopolitical tensions and oil supply fears weigh on markets as stocks closed February with significant monthly losses. All eyes are on the Strait of Hormuz and upcoming U.S. economic data.

Markets enter March under pressure after a deadly strike on Iran's leader triggered a key oil chokepoint closure, sending Brent crude higher. The S&P 500 just logged its steepest monthly decline since March 2025.

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.

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.

Soybean futures gained Thursday following USDA export sales data. In equities, Best Buy appears significantly undervalued, while Indian IT shares sold off sharply amid AI disruption concerns.