"After breaking higher yesterday, the major indices are back in the red. The S&P 500 is down about 0.28%, or by 20 points. The SPDR S&P 500 ETF ( SPY) is down 0.34%, or by $2.40. The Dow is down 0.32%, or by 125 points. The Nasdaq is down 0.32%, or by about 80 points. Oil is up 2%, or by about $1.40, on Iran tensions, with some noting we could strike this weekend."
"Granted, its EPS of 74 cents beat by a penny. Revenue of $190.7 billion, up 5.6% year over year, beat by $2.38 billion. It also declared a 99-cent-per-share dividend, payable on April 6 to shareholders of record as of March 20. The company also announced a massive $30 billion share buyback program. Unfortunately, Walmart said it expects net sales to increase by 3.5% to 4.5%. It also expects adjusted EPS to range from $2.75 to $2.85, which fell short of the $2.96 expected."
Major U.S. indices moved lower, with the S&P 500 down about 0.28% (~20 points), the Dow off 0.32% (~125 points), and the Nasdaq down 0.32% (~80 points). The SPDR S&P 500 ETF (SPY) fell roughly 0.34% (~$2.40). Oil rose about 2% (~$1.40) amid Iran tensions and strike speculation. Bitcoin dropped by $447 to $65,994, benefiting short positions in Bitcoin-related stocks such as MSTR and MARA. Gold traded higher at $4,993.88, up about $4. Walmart beat EPS and revenue estimates, announced a $30 billion buyback and a 99-cent dividend, but issued weaker sales and EPS guidance. Oppenheimer and Citi reiterated positive ratings on Nvidia ahead of earnings.
Read at 24/7 Wall St.
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