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Stocks Rally as AI Surges, Walmart Disappoints

Stocks Rally as AI Surges, Walmart Disappoints

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 Wall Street closed higher yesterday, with the Dow Jones Industrial Average rising zero point three percent or one hundred twenty-nine point four seven points to forty-nine thousand six hundred sixty-two point six six, according to Zacks Investment Research. The S and P five hundred gained zero point six percent to six thousand eight hundred eighty-one point three one, while the Nasdaq Composite advanced zero point eight percent or one hundred seventy-five point two five points to twenty-two thousand seven hundred fifty-three point six four, driven by strong artificial intelligence stocks like Nvidia up one point six percent, Meta Platforms up zero point six percent, and Alphabet up zero point four percent. Key factors included regained confidence in artificial intelligence trades and solid economic data, with industrial production up zero point seven percent in January beating estimates, though durable goods orders fell one point four percent in December. Sectors saw financials and real estate up one point one percent and one percent respectively, while energy, materials, and consumer staples declined one point one percent, one point two percent, and one point five percent. Zacks reports volume at sixteen point eight billion shares, below average.

Market highlights featured Walmart beating quarterly estimates with revenue of one hundred ninety point seven billion US dollars but shares down on soft guidance of two dollars seventy-five to two dollars eighty-five adjusted earnings per share versus two dollars ninety-six expected, per two four seven Wall Street. New jobless claims dropped to two hundred six thousand. Oil rose two percent to sixty-six dollars fifty cents amid US-Iran tensions.

Pre-market futures point lower today, with S and P futures down zero point two seven percent, Dow futures down zero point two eight percent, and Nasdaq down zero point four three percent, as Benzinga notes escalating tensions. Watch continuing claims, Philadelphia Fed index, and trade balance today per Trading Economics, plus core Personal Consumption Expenditures, GDP advance, and flash PMIs tomorrow. Nvidia earnings next week loom as a catalyst.

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