Wednesday, February 26, 2025
Three of the four major market indexes finished this Hump Day session higher, but not enough to move the needle on an otherwise dreary week of trading. The Dow slipped -188 points, -0.43%, while the S&P 500 and the Nasdaq were +0.014% and +0.26%, respectively. The small-cap Russell 2000 rose +0.22% on the day. All four indexes are still down over the past five trading days, from -2% to -3.8%, depending.
It’s been tough for investors to put a confident foot forward in terms of navigating the current economy. Tariffs threatened and then canceled by the White House aren’t exactly a model of stability these days. The AI trade continues to be mired by the specter of China’s DeepSeek, questioning whether or not huge capital expenditures need to be made in order to advance this next technological breakthrough.
New Home Sales Down -10.5% Month Over Month
Earlier today,
New Home Sales
for January came in at 657K — below the already lowered estimate of 671K and the previous month’s solid 738K. This marks a -10.5% drop month over month, to the lowest print since the 12-month low in October of 623K. The housing market continues to struggle under headwinds, mostly relating to +7% mortgage rates due to high interest rate levels.
Big Afternoon for Q4 Earnings: NVDA, CRM, EBAY & More
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