Crude Oil Gains 2%; Walmart Posts Upbeat Earnings

U.S. stocks traded lower toward the end of trading, with the Dow Jones index falling more than 300 points on Thursday.

The Dow traded down 0.64% to 49,346.38 while the NASDAQ fell 0.45% to 22,650.78. The S&P 500 also fell, dropping, 0.42% to 6,852.56.

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Leading and Lagging Sectors

Energy shares gained by 1.1% on Thursday.

In trading on Thursday, financial stocks fell by 1%.

Top Headline

Walmart Inc. (NYSE:WMT) posted upbeat results for the fourth quarter issued a worse-than-expected fiscal 2027 outlook.

The company reported adjusted earnings per share of 74 cents, beating the Street view of 73 cents. Sales of $190.70 billion rose 5.6% year over year (up 4.9% in constant currency), topping the analyst consensus estimate of $190.43 billion.

Walmart projects fiscal 2027 adjusted earnings of $2.75 to $2.85 per share, below the analyst consensus estimate of $2.96, and sales of $731.12 billion to $738.19 billion, compared with the Street view of $748.06 billion.

Equities Trading UP

Talkspace Inc (NASDAQ:TALK) shares shot up 26% to $4.94 after the company reported better-than-expected fourth-quarter financial results.
Shares of Remitly Global Inc (NASDAQ:RELY) got a boost, surging 25% to $17.05 after the company reported better-than-expected fourth-quarter financial results and issued FY26 sales guidance above estimates.
C3is Inc (NASDAQ:CISS) shares were also up, gaining 26% to $2.10 after the company posted fourth-quarter results.

Equities Trading DOWN

Moleculin Biotech Inc (NASDAQ:MBRX) shares dropped 40% to $2.90. Moleculin announced exercise of warrants for $8.3 million gross proceeds.
Shares of Alight Inc (NYSE:ALIT) were down 34% to $0.87 after the company reported worse-than-expected quarterly financial results.
Klarna Group PLC (NYSE:KLAR) was down, falling 24% to $14.34 after the company reported mixed fourth-quarter financial results.

Commodities

In commodity news, oil traded up 2.1% to $66.53 while gold traded up 0.1% at $5,014.50.

Silver traded up 0.1% to $77.605 on Thursday, while copper fell 1.7% to $5.7030.

Euro zone

European shares were lower today. The eurozone's STOXX 600 fell 0.69%, while Spain's IBEX 35 Index fell 1.41%. London's FTSE 100 fell 0.76%, Germany's DAX fell 1.14% and France's CAC 40 fell 0.75% during the session.

Asia Pacific Markets

Asian markets closed mixed on Thursday, with Japan's Nikkei gaining 0.57% and India's BSE Sensex falling 1.48%.

Economics

The U.S. trade deficit increased to $70.3 billion in December from $53 billion in the previous month, compared to market estimates of a $55.5 billion gap.
The Philadelphia Fed Manufacturing Index jumped to 16.3 in February, recording the highest level since September and topping market estimates of 8.5.
U.S. wholesale inventories increased by 0.2% month-over-month to $917.2 billion in December, matching November’s level.
U.S. initial jobless claims declined by 23,000 to 206,000 during the second week of February, compared to market estimates of 225,000.
U.S. crude oil inventories declined by 9.014 million barrels in the week ended Feb. 13, recording the largest fall in five months and versus market estimates of a 2.1 million barrel build.

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