Dow surges 271 points as S&P 500 rallies—Nasdaq slips 0.18% amid Wall Street’s selective euphoria
Another day, another mixed bag for the suits on Wall Street. The Dow’s charging ahead like it’s 2021 again, while the S&P 500 stretches its winning streak—proof that money printers still work if you’re in the right club.
Meanwhile, the Nasdaq dips slightly, because even in a bull market, someone’s gotta pay for the champagne. Tech stocks taking a breather? Or just Wall Street’s way of reminding us they still control the rollercoaster?
Funny how traditional markets cheer 271-point gains while crypto does that before breakfast. Just saying.
Walmart to raise prices
Walmart said it will raise prices in response to tariffs, signaling ongoing pressure on retailers and consumers. Walmart stock slipped 0.5% after the company withheld profit guidance for the current quarter.
Tech stocks, which have led markets in recent days, took a breather. Meta Platforms fell 4% on reports of a delayed AI rollout, while Nvidia and Tesla remained up around 15% for the week.
Investors also digested comments from Federal Reserve Chair Jerome Powell, who warned of more volatile inflation ahead due to persistent global supply shocks.
Meanwhile, President TRUMP hinted at possible trade agreements with India and Iran, fueling hopes for further economic tailwinds.
In a standout move, Foot Locker surged nearly 86% after announcing a $2.4 billion merger with Dick’s Sporting Goods. On the downside, UnitedHealth dropped nearly 11% following reports of a DOJ probe, which the company said it had not been officially notified of.
