Market Continues to Pull Back, But Dow Breaks 10-Day Losing Streak | Wall Street Today

Just past 4 pm ET the $S&P 500 Index (.SPX.US)$ fell 0.09%, the $Dow Jones Industrial Average (.DJI.US)$ climbed 0.09%, and the $Nasdaq Composite Index (.IXIC.US)$ fell 0.10%.

$WallStreetBets (LIST2555.US)$ was the second biggest climber, led by a 5% jump in $GameStop (GME.US)$ in the morning, replaced in the lead by a 4% climb in PLTR in the afternoon.

Elsewhere in the economy, $Crude Oil Futures(FEB5) (CLmain.US)$ it remained at $69. Gold climbed, silver fell, and silver climbed, and treasuries climbed. $Bitcoin (BTC.CC)$ fell from grace following the FOMC projection Wednesday, trading -3% to $96k.

$Micron Technology (MU.US)$ shares are trading lower 12% Thursday after the company reported mixed earnings results and issued weak guidance for the current quarter. Multiple analysts also lowered price targets following the print.

$Lamb Weston (LW.US)$ Holdings Stock Fell 21% intraday Thursday, the lowest-reaching decliner on the S&P 500 said it was replacing Chief Thomas Wener and slashing guidance again as demand for frozen potato products goes spud. The stock has fallen about 40% since the start of the year, culminating in Thursday's Q2 report of a loss of $36 million, or 25 cents a share, compared with a profit of $215 million, or $1.48 a share, in the same period last year. Despite the loss, the firm reported adjusted earnings of 66C a share.

$Darden Restaurants (DRI.US)$ was up 13%, the highest percentage gainer on the S&P 500 after the Oliv Garden Owner lifted its full-year revenue outlook and posted better-than-expected results. The firm expects revenue of $12.1 billion for fiscal 2025, up from its previous projections of $11.9 billion.

$Mesoblast (MESO.US)$ said late Wednesday the US Food and Drug Administration has approved its mesenchymal stromal cell therapy Ryoncil for steroid-refractory acute graft versus host disease in children 2 months and older, adolescents and teenagers.

$Nike (NKE.US)$ reported quarterly earnings of $0.78 per share, which beat the analyst consensus estimate of $0.65 by 20 percent. Chief Hill said he was going to try to reposition the shoe company's business.

$Soho House (SHCO.US)$ said a third-party consortium had offered to buy the private club and membership platform operator for $9 a share, sparking a surge in the company's stock price. The stock climbed upward of 65% intraday Thursday.

$FedEx (FDX.US)$ FedEx Q2 2025 Adj. EPS $4.05 Beats $3.91 Estimate, Sales $22B Miss $22.112B Estimate. The firm also said it would spin off its business-to-business segment into its own standalone publically traded company. The firm said it would take 18 months.

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