Stock market today: Dow slides 450 points, S&P 500 retreats from record as Walmart gives cautious outlook
Published On Feb 20, 2025, 5:00 PM
US stocks experienced a pullback as Walmart's disappointing guidance for 2026 led to a significant drop in its shares by over 6%. This cautious outlook, coupled with concerns over President Trump's proposed tariffs and geopolitical issues, caused the Dow Jones to decline approximately 450 points, around 1%. Additionally, notable declines in stocks like Goldman Sachs and JPMorgan, each falling about 4%, contributed to the overall market slump. Conversely, Rivian's shares surged after reporting a gross profit despite its ongoing losses, reflecting a potential optimistic trend for the electric vehicle sector.
Stock Forecasts
WMT
Negative
Walmart's cautious guidance and the overall market reaction to Trump's tariff policies suggest a bearish outlook for the retail sector in the short term.
RIVN
Positive
Rivian's achievement of a gross profit signals improving fundamentals, making it an attractive investment in the electric vehicle sector, especially as it gears up for its mass-market R2 product. As consumer demand and production efficiency improve, Rivian may see upward momentum.
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