WU News & Events

The major averages initially had a muted reaction after the Supreme Court ruled against certain of President Donald Trump's tariffs, resulting in stock spikes for retailers and other names that have had to deal with major impacts from rising import and manufacturing costs. The court determined that the International Emergency Economic Powers Act "does not authorize the President to impose tariffs."In response, Trump called the ruling "deeply disappointing," adding that 10% Section 122 tariffs will be imposed on top of the other tariffs. Trade Representative Jamieson Greer said the Section 122 tariffs will be implemented and signed today.When the dust settled, the averages closed with gains for the day, though uncertainty remains about how any tariff refunds will be paid, to whom and if refunds will be issued at all.Looking to commodities, gold was sharply higher, while oil was marginally higher amid continued tensions with Iran.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Nvidiais close to finalizing a $30B investment into Microsoft-backedOpenAI,Akamaireportedand provided its outlook for Q1 and FY26Grailreported upbeat Q4 earnings and revenue and reported its NHS-Galleri trialDomosaid it will, including a potential sale of the companyLive Nationreported2. WALL STREET CALLS:Etsyto Overweight at BarclaysHSBCWalmartto Hold on lack of momentumGE Aerospacewith an Overweight at Morgan StanleyCoStar Groupto Buy at JefferiesWells FargoMolina Healthcareafter "quite poor" Q43. AROUND THE WEB:ConocoPhillipsis exploring the sale of $2B in Permian Basin assets, Bloomberg saysThe SEC told Bloomberg that its probe of AppLovinis "still active and ongoing"A federal judge has denied Tesla'sattempt to overturn a $243M jury verdict related to a fatal 2019 Autopilot crash in Florida, upholding the ruling and ending the company's last avenue to avoid paying the award at the trial court level, Electrek saysAmazonhas surpassed Walmartas the U.S.'s largest company by annual revenue, with Walmart making $713.2B in sales in the year through January 31 compared to Amazon's $716.9M during the same period, WSJ reportsAccenturehas begun monitoring staff use of AI to determine how it decides top-level promotions as the company pushes its employees to use the technology, FT reports4. MOVERS:RingCentralincreases afterand providing guidance for Q1 and FY26Satellogicgains after Cantor Fitzgeraldcoverage of the stock with an Overweight ratingTandem Diabetesand AXT Inc.higher after reporting quarterly resultsChemoursfalls afterand providing guidance for Q1 and FY26Ardelyxand Dnowlower after5. EARNINGS/GUIDANCE:PPL Corpand provided guidance for FY26Oil States, with EPS beating consensusWestern Union, with CEO Devin McGranahan commenting, "Despite a challenging operating environment in 2025, we delivered meaningful progress across the business"Danone, with revenue missing consensusHudbay Minerals, with EPS and revenue missing consensusINDEXES:The Dow rose 230.81 or 0.47%, to 49,625.97, the Nasdaq gained 203.34, or 0.90%, to 22,886.07, and the S&P 500 advanced 47.62, or 0.69%, to 6,909.51.

The major averages were mixed near midday after the Supreme Court ruled against President Donald Trump's tariffs, resulting in stock spikes for retailers and other names that have had to deal with major impacts from rising import and manufacturing costs. The court determined that the International Emergency Economic Powers Act "does not authorize the President to impose tariffs."Looking to commodities, gold was trading higher noon, while oil was fractionally lower amid continued tensions with Iran.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Nvidiais close to finalizing a $30B investment into Microsoft-backedOpenAI,Akamaireportedand provided its outlook for Q1 and FY26Grailreported upbeat Q4 earnings and revenue and reported its NHS-Galleri trialDomosaid it will, including a potential sale of the companyLive Nationreported2. WALL STREET CALLS:Etsyto Overweight at BarclaysHSBCWalmartto Hold on lack of momentumGE Aerospacewith an Overweight at Morgan StanleyCoStar Groupto Buy at JefferiesWells FargoMolina Healthcareafter "quite poor" Q43. AROUND THE WEB:A federal judge has denied Tesla'sattempt to overturn a $243M jury verdict related to a fatal 2019 Autopilot crash in Florida, upholding the ruling and ending the company's last avenue to avoid paying the award at the trial court level, Electrek saysAmazonhas surpassed Walmartas the U.S.'s largest company by annual revenue, with Walmart making $713.2B in sales in the year through January 31 compared to Amazon's $716.9M during the same period, WSJ reportsAccenturehas begun monitoring staff use of AI to determine how it decides top-level promotions as the company pushes its employees to use the technology, FT reportsAfter hundreds of layoffs in early February, employees at Blockare reporting rising performance anxiety, mandatory use of generative AI tools, and declining morale, Wired saysRobloxis facing a lawsuit from Los Angeles County alleging the company engaged in unfair and deceptive practices that exposed children to sexual content and online predators, NBC LA reports4. MOVERS:RingCentralincreases afterand providing guidance for Q1 and FY26Satellogicgains after Cantor Fitzgeraldof the stock with an Overweight ratingTandem Diabetesand AXT Inc.higher afterChemoursfalls afterand providing guidance for Q1 and FY26Ardelyxand Dnowlower after5. EARNINGS/GUIDANCEPPL Corpand provided guidance for FY26Oil States, with EPS beating consensusWestern Union, with CEO Devin McGranahan commenting, "Despite a challenging operating environment in 2025, we delivered meaningful progress across the business"Danone, with revenue missing consensusHudbay Minerals, with EPS and revenue missing consensusINDEXES:Near midday, the Dow was down 0.22%, or 107.86, to 49,287.30, the Nasdaq was up 0.41%, or 92.65, to 22,775.38, and the S&P 500 was up 0.18%, or 12.08, to 6,873.97.

Stock futures are slightly lower amid AI-related risk aversion and ongoing rotation across sectors. Futures may also be reacting to GDP growth that came in well below forecasts in Q4. The U.S. economy expanded at an annualized 1.4% rate in Q4, following 4.4% growth in Q3 and well below forecasts, the advance estimate showed.Oil prices have climbed amid rising geopolitical tension as crude oil reached six-month highs on geopolitical risk around the Middle East, bolstering energy demand, while agricultural commodities like cocoa and coffee have faced substantial declines due to supply considerations and weak demand signals.In pre-market trading, S&P 500 futures fell 0.33%, Nasdaq futures fell 0.46% and Dow futures fell 0.24%.Check out this morning's top movers from around Wall Street, compiled by The Fly.HIGHER -AppLovinup 4% after Bloombergthe company is preparing to build a social networking platformUP AFTER EARNINGS -Opendoor Technologiesup 18%RingCentralup 12%Texas Roadhouseup 3%Oil Statesup 2%Lamar Advertisingup 1%DOWN AFTER EARNINGS -Hudbay Mineralsdown 4%Western Uniondown 2%PPL Corp.down 2%LOWER -Graildown 47% after reporting its NHS-Galleri trial missed the primary endpoint

Reports Q4 revenue $1.01B, consensus $1.04. "Despite a challenging operating environment in 2025, we delivered meaningful progress across the business," said Devin McGranahan, president and CEO. "We strengthened our Consumer Services offerings, expanded our owned retail footprint, and accelerated our transition to a more digital-first operating model. Looking ahead to 2026, we are confident in our ability to execute against our Beyond strategy as we expand our capabilities, drive operating efficiencies, and position the company for sustainable long-term growth."