U.S. stocks fell Thursday morning, with the S&P 500 down 0.7%, the Dow Jones Industrial Average off 1.3%, and the Nasdaq 0.7% lower at about 1:50 p.m. in New York. Initial jobless claims rose by 5,000 in the week ended Feb. 15 to a seasonally adjusted total of 219,000, slightly higher than expected.
Here are stocks to watch today:
Alibaba (BABA+8.36%) stock surged after posting strong earnings, driven by its AI-powered strategies.
Block XYZ-1.77% will release its quarterly earnings report after the market closes.
Carnival (CCL-5.77%), Norwegian Cruise Lines (NCLH-6.07%), Royal Caribbean (RCL-8.93%), and Viking Holdings (VIK-3.40%) (VIK) shares all sank after Commerce Secretary Howard Lutnick suggested on Fox News that the Trump administration may order a crackdown to ensure cruise operators pay U.S. taxes. Additionally, norovirus cases continued to surge in the U.K.
Hasbro (HAS+13.84%) stock jumped after the company unveiled a plan that aims to cut $1 billion in costs through 2027 while achieving “mid-single-digit” sales growth. It will focus on brands with growth potential, girls, emerging markets, and video games.
Meta’s (META-1.18%) recent 20-day rally has propelled the shares to a level where investors may start calling for a stock split, Bloomberg reported. It’s the only member of the Magnificent Seven never to have split its stock.
Palantir stock (PLTR-7.88%) declined on a plan by the CEO to sell up to 10 million new shares over the next six months amid concerns about lower defense spending.
Walmart stock (WMT-6.50%) fell after the retailer issued disappointing guidance, forecasting sales growth of 3%-4% for the current fiscal year.
—William Gavin contributed to this article.
The post Walmart, Alibaba, Palantir, Meta, Hasbro, Block, Cruise Lines: Stocks to watch today appeared first on Quartz.
