The Biggest S&P 500 Movers on Friday

Advancers:

• AES (AES) led the S&P 500 higher, climbing 11.7% after it posted quarterly earnings that beat expectations and offered a strong current-year profit outlook. The energy provider said AI data centers and new manufacturing plants were helping to drive demand. The company also said it was working to onshore its supply chain for solar panels, batteries, and other equipment to reduce tariff risks. 
• Edison International (EIX) shares rose 6% after the company said that California’s Wildfire Insurance Fund may help shield the electric utility’s balance sheet following the deadly January wildfires there. 
• Erie Indemnity (ERIE) jumped 5.7% after the insurer posted earnings that exceeded analyst expectations due to strong growth in operating and investment income. Management fee revenue from policy issuance and renewals also jumped, though commission expenses also grew.
• Monster Beverage (MNST) shares rose 5.3% after the energy drink maker narrowly beat revenue growth projections. Executives said that the company was in a position to compete with rival Celsius Holdings (CELH), which recently acquired its 澳洲幸运5官方开奖结果体彩网:fast-growing competitor Alani Nu. 

Decliners:

• Nvidia-partner NetApp (NTAP) led S&P 500 decliners, falling 15.6% after the data storage provider’s revenue missed forecasts and its outlook weakened as sales growth slowed.
• HP (HPQ) shares slid 6.8% on jitters over tariffs on China. The computer maker said it expects tariffs to increase costs, contributing to its 澳洲幸运5官方开奖结果体彩网:soft earnings outlook. Though, the company said that efforts to diversify its supply chain would result in most of its U.S. products being made outside of China by the end of the year.
• Dell (DELL) shares fell 4.7% after its 澳洲幸运5官方开奖结果体𒁃彩网:quarterly sales and full-year ♏outlook came in lower than expected. The computer maker posted stronger-than-expected earnings amid strong server revenue driven by AI demand, with some analysts seeing 澳洲幸运5官方开奖结果体彩网:underlying strength in the company. The decline comes amid 澳洲幸运5官方开奖结果体彩网:a broader tech slump that abated somewhat Friday.

-澳洲幸运5官方开奖结果体彩网:Terry Lane

Nvidia Stock Finds Support From Cautious Dip-Buyers

Nvidia (NVDA) shares were up slightly in late trading Friday, suggesting the stock found sꦿome support from dip-buyers 🍬after yesterday's sell-off. 

Nvidia stock was up about 1.2% in recent trading after 澳洲幸运5官方开奖结果体彩网:tumbling 8.5% yesterday. Nvidia on Wednesday reported 澳洲幸运5官方开奖结果体彩网:better-thඣan-expected quarterly results, but Wall Street demonstrated on Thursday that’s no longer enough from its favorite AI stock. Nvidia beat revenue e☂stimates by the smallest amount in two years, underwhelming investors who have grown accustomed to g꧂argantuan beats from the AI chip leader.

The results failed to revive the ailing AI rally. High-flying, richly-priced stocks like Palantir (PLTR), Applovin (APP), and Vistra (VST), which all soared last year on enthusiasm about their AI-fueled growth, have dropped sharply in the last week as investors have grown cautious amid a slew of economic and political concerns. Even Friday, after 澳洲幸运5官方开奖结果体彩网:a promising print of the Federal Reserve♏’s preferred inflation measure, all three stocks slumped at the open. (Applovin and Vistra have ꧋since followed Nvidia stock higher.) 

AI stocks have also been weighed down this month by lingering concerns about the impact of Chinese start-up 澳洲幸运5官方开奖结果体彩网:DeepSeek’s R1 reasoning model, which its developers say operates at a far lower cost than comparable U.S. models. R1’s success and efficiency raised concerns among investors that U.S. hyperscalers and other AI developers 澳洲幸运5官方开奖结果体彩网:could scale back their spendin💯g on Nvidia’s most advanced technology. 💝;

Major tech companies have since 澳洲幸运5官方开奖结果体彩网:reiterated their commitment to spending hundreds of billions on AI infrastructure in the coming years, but that hasn’t pulled Nvidia and other chip stocks🥃 out of their funk. 

-澳洲幸运5官方开奖结果体彩网:Colin Laidley

Dell Falls on Soft Sales Outlook—Why Analysts Remain Bullish

Dell (DELL) shares dropped Friday, a day after the company’s 澳洲幸运5官方开奖结果体彩网:quarterly sales and𒀰 full-ye🐷ar outlook disappointed. Analysts said it could be an opportunity to 澳洲幸运5官方开奖结果体彩网:buy the dip. 

“Buy any weakness in Dell shares,” UBS analysts told clients Friday, and suggested Dell's soft revenue forecast could have been anticipated, given near-term headwinds from unfavorable market conditions.

Dell projected fiscal 2026 revenue of $101 billion to $105 billion, with the midpoint below the analyst co🉐nsensus of $103.81 billion co🐻mpiled by Visible Alpha.

UBS lowered its price target slightly to $150 from $158, though even at that level, it would represent a nearly 50% gain from Friday's intraday price around $102. Dell shares were down about 6% and have lost close to 12% since the start of the year. 

JPMorgan analysts, who reiterated their $150 price target, said they still expect server makers like Dell to benefit from booming demand for AI infrastructure. They added a rebound in PCs and AI PCs could also provide𓆏 further upside to their estimates.

-澳洲幸运5官方开奖结果体彩网:Andrew Kessel

Why Is Wall Street So Down on Fridays This Year?

"Thank God It's Friday" is a phrase that's nearly absent on Wall Street these days.

The S&P 500’s average return on Fridays in 2025 has been a little under -0.3%, making it the worst day of the week for stocks so far this year, according to a note from Deutsche Bank analyst Jim Reid on Tuesday. The onl♔y other day on which the market’s average return is negative is Monday, when the S&P 500 has a🥂veraged a 0.2% decline. 

The pattern was persisting this week, with stocks giving up early gains to trade iಌn the red in afternoon trading.

Friday’s recently poor performance stands in stark contrast to past years. Between 1928 and 2024, Friday was the second-best day of ꦇthe week for stocks, after Wednesday. In that period, Monday was the only day to post a negativ💟e average return. 

The weekends, according to Reid, may be getting too risky for traders. “There does seem to have been a trend of potentially negative news coming through late in the week with the market wanting to reduce risk ahea﷽d of the weekend in case of escalation (e.g. tarif🐼fs on Mexico and Canada). Or, concerns that the weekend will bring fresh headline risk,” wrote Reid. 

The weekends have delivered some particularly brutal headlines this year. Chinese AI start-up DeepSeek shot to the top of the Apple App Store charts on the weekend of Jan. 25-26; 澳洲幸运5官方开奖结果体彩网:stocks tumbled that Monday on concerns about overspending on AI. On Friday, Jan. 31, the Trump administration 澳洲幸运5官方开奖结果体彩网:said it would go through with its threat to impose a 25% tariff on Canadian and Mexican imports; stocks 澳洲幸运5官方开奖结果体彩网:slid that day and 澳洲幸运5官方开奖结果体彩网:fell further Monday, even as the countries 澳洲幸运5官方开奖结果体彩网:struck deals to postpone the levies.

Monday’s negative performance so far this year could reflect how weekend headlines are sticking around and creating uncerta🍒inty on Monday. But by Wednesday, the day of the week with the best average performance this year, “markets have t💃ended to come to terms with these stories.”

Reid suggests the pre- and post-weekend dips could continue until the news out of Washington stops putting markets on edge. "In a world with lots of headline risk it's possible traders will continue to want to be lighter heading into weekends than they would be if markets were calmer," writes Reid.

-澳洲幸运5官方开奖结果体彩网:Colin Laidley

China ETFs, Stocks Slide on Trump Tariff Plans

China-focused 澳洲幸运5官方开奖结果体彩网:exchange-traded funds and stocks of Chinese companies listed on U.S. exchanges fell Friday, after U.S. President Donald Trump said he was 澳洲幸运5官方开奖结果体彩网:planning to double the existing tariffꦿ on goods from China. 

On Thursday, Trump said thaꦡt he would put an additional 10% tariff on products from China, addi𝓀ng to a 10% tariff he already imposed in early February. He also said tariffs against products from Canada and Mexico will go into effect March 4. 

The iShares MSCI China ETF (MCHI) and the iShares China Large-Cap ETF (FXI) both fell more than 2%🌳 in intraday trading Friday. 

U.S. traded shares of Chinese conglomerate Alibaba Group Holding (BABA) and online marketplace JD.com (JD) were also down more than 2% while those of Temu parent PDD Holdings (PDD) were more than 4% lower.  Chinese electric vehicle makers Nio (NIO) and Li Auto (LI) also lost ground, declining more than 3%.

Still, Chinese shares have outperformed the S&P 500 this year, with the MSCI China ETF gaining 14% w🙈hile the U.S. benchmark index is roughly flat.

-澳洲幸运5官方开奖结果体彩网:Nisha Gopalan

Elastic Shares Jump on Strong Earnings

Elastic (ESTC) shares jumped Friday after the data analytics software provider reported better-than-expected earnings on strong demand for products related to 澳洲幸运5官方开奖结果体彩网:artificial intelligence.

The company posted adjusted earnings per share (EPS) of 63 cents for the fiscal third quarter, above analysts' estimates compiled by Visible Alpha. Revenue was up about 17% year-over-year to $382.1 million, also ahead of expectations.

Elastic said the gains came as its total subsc꧟ription customers grew about 3% to approximately 21,300. Customers with an annual contract value greater than $100,000 rose 15% to 1,460.

“Continued interest from customers building 澳洲幸运5官方开奖结果体彩网:Generative AI applications and𓆏 consolidating onto a single platform helped drive our outpe🌳rformance during the quarter,” CEO Ash Kulkarni said in a release.

The company projected current-quarter EPS of 36 cents to 37 cents and revenue of $379 million to $381 million, above the analyst consensus. Its full-year outlook of $1.91 to $1.96 in EPS, and revenue of $1.474 billion to $1.476 billไion also exceeded expectations.

Shares of Elastic were up 13% in recent trading and have added about 16% since the start of the🦩 year.

-澳洲幸运5官方开奖结果体彩网:Bill McColl

Bullish Signs in Earnings Reports

As of Thursday, the S&P 500 reported growth in earnings of almost 18%—the highest since the fourth quarter of 2021, according to FactSet. According to the data provider, 77% of the companies had beaten Wall Street’s 澳洲幸运5官方开奖结果体彩网:earnings per share (EPS) estimates, in line w🌃ith the five-year average.

Financial institutions were the best performing sector in the benchmark,ꦗ chalking up 55% growth in earnings during this season, FactSet said in an infographic published Thursday.

Still, tariffs, the key subject weighing on markets apart from Nvidia’s failure to surpass an already 澳洲幸运5官方开奖结果体彩网:high earnings bar, were a big🦄 corporate issue. The term “tariffs” was ♋mentioned in earnings calls at least once by the 221 companies that reported between December 15 through February 21, FactSet said.

U.S. President Donald Trump said Thursday that 澳洲幸运5官方开奖结果体彩网:tariffs on Mexico and Canada would go into effect on March 4, and that additional tariffs would be imposed on China. Economists have 澳洲幸运5官方开奖结果体彩网:expressed concern that steep new tariffs could push up prices on consumer product𝓰s, reigniting inflation while weighing on economic☂ growth.

And another downbeat conclusion from its res🔯earch: FactSet found 72 companies issued negative EPS guidance, exceeding the five-year average of 56.

Several consumer focused companies' reports are due next week, among them Costco Wholesale (COST), Best Buy (BBY) and Target (TGT).

-澳洲幸运5官方开奖结果体彩网:Nisha Gopalan

Broadcom Price Levels to Watch as Chipmaker Slumps

Broadcom (AVGO) shares lost ground in early trading Friday after falling 7% yesterday amid a broader 澳洲幸运5官方开奖结果体彩网:chip stock selloff as investors digested 澳洲幸运5官方开奖结果体彩网:earnings from Nvidiavand President Trump's 澳洲幸运5官方开奖结果体彩网:latest announcement on tariffs.

Broadcom shares have lost about 15% of their value since the start of the year through Thursday’s close, but have gained more than 50% over the past 12 months as demand for its chips to support AI surged, with Bernstein analysts suggesting in December that the 澳洲幸运5官方开奖结果体彩网:chipmaker c♔ould be having its “Nvidia mome𝓀nt.”

Since setting a new all-time high in mid-December, Broadcom shares have consolidated within a 澳洲幸运5官方开奖结果体彩网:descending channel. More recently, selling from the pattern’s top trendline has accelerated, with the price falling below the respected 澳洲幸运5官方开奖结果体彩网:50-day moving average on increasing 澳洲幸运5官方开奖结果体彩网:trading volume.

While the 澳洲幸运5官方开奖结果体彩网:relative strength index (RSI) confirms bearish momentum with🍰 a reading below 40, the indicator sits at a level that often coincides with local botto♔ms in the stock.

Investors should watch major support levels on Broadcom's chart around $185, $160, and $140, while also monitoring key overhead areas near $230 and $295.

The stock was down 0.3% at $197 in re♉cent trading,

Read the full 澳洲幸运5官方开奖结果体彩网:technical analysis piece here.

-澳洲幸运5官方开奖结果体彩网:Timothy Smith

Nasdaq on Pace for Worst Month Since September 2023

The Dow, S&P 500 and Nasdaq Composite enter the final day of February on track to post big losses for the month. Just over a week ago, the S&P 500 was hitting all-time highs, while the Dow and Nasdaq Composite weren't far away from records of their own.

The Nasdaq Composite, which came into Feb🍒ruary on a three-month winning streak, is down 5.5% this month. If that holds, it would be the w♓orst month for the tech-heavy index since a 5.8% decline in September 2023.

The S&P 500 is down 3% in February, its worst performance since last April. The Dow's 2.9% decline so far this month, while noteworthy, pales in comparison to its 5.3% decline in December. The Dow and S&P 500 both rose in January after losing ground in the final month of 2023.

Major Index Futures

Futures tied to the🔯 Dow𒈔 Jones Industrial Average were up 0.4%.

S&P 500 futures rose 0.2%.

Nasdaq 100 futures were flat.