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Live Stock Financial Podcast. What are you watching on the market?
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Wall Street Today: One More Earnings Week Down

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Kevin Travers joined discussion · Feb 8 05:05
Wall Street Today: One More Earnings Week Down
Overall, the market traded lower Friday, after a week of trade and earnings upsets.
Just past 4 pm ET the $S&P 500 Index (.SPX.US)$ traded down 0.95%, the $Dow Jones Industrial Average (.DJI.US)$ fell 0.99%, and the $Nasdaq Composite Index (.IXIC.US)$ fell 1.36%.
MACRO
Macroeconomic news might have swayed the market as jobs and unemployment data came in. The economy added 143,000 jobs in January, according to the BLS, which was low, but November and December jobs reports were both revised upward a total of 100k jobs, and the unemployment rate lowered to just 4%.
The really upsetting number was Michigan Consumer Sentiment inflation expectations. Respondents said they thought inflation next year would reach 4.3%, the highest in two years: All this talk of tariffs and budgets sounds familiar to the last time inflation started to spike up.
SECTORS
Elsewhere in the economy, $Crude Oil Futures(MAY5) (CLmain.US)$ remained at $71/barrel. Gold hit another all time high, treasuries climbed. $Bitcoin (BTC.CC)$ hovered at $96,000.
Wall Street Today: One More Earnings Week Down
MOOVERS
$Affirm Holdings (AFRM.US)$ climbed 21% after the BNPL firm reported 23c a share in profit for the past quarter when Wall Street expected a loss.
$Uber Technologies (UBER.US)$ climbed Friday after investor Bill Ackman said his Pershing Square hedge fund has amassed a stake in the ride-hailing giant.
$Pinterest (PINS.US)$ beat estimates on revenue, showing sales climbed 17% in a year. The stock flew 17%, and the firm said it expects Q1 2025 revenue of up to $853 million topping estimates calling for at least $835 million. Of course, they also said their AI shopping tools would be great.
$Amazon (AMZN.US)$ fell 3% after the firm reported Q4 adj. earnings that beat, and surpassed $Walmart (WMT.US)$'s expected revenue for the first time, at $187 billion. The firm's advertising, third-party seller, and AWS segments missed estimates and AMZN projected lower Q1 revenue numbers than Wall Street expected, predicting $155 billion at most this quarter, while analysts wanted $158 billion.
$Tesla (TSLA.US)$ rose 0.6%.after the firm said it sold 63,238 units in January, down 11.5% from a year earlier, according to data from the China Passenger Car Association.
$Expedia (EXPE.US)$ reported fourth-quarter adjusted earnings that beat analysts' estimates and shares of the online travel agency rose.
$Fortinet (FTNT.US)$ rose after it reported fourth-quarter earnings and revenue above Wall Street estimates, projecting 2025 revenue between $6.65 billion and $6.85 billion, compared to the $6.62 billion expected by analysts.
$BILL Holdings (BILL.US)$ stock dropped 32% after it projected fiscal third-quarter revenue between $352.5 million and $357.5 million, missing Wall Street's expectation of $360.4 million.
$Cloudflare (NET.US)$ reported fourth-quarter earnings and revenue that beat Wall Street forecasts and issued 2025 revenue guidance of $2.09 billion that met expectations. The cloud computing company was jumping 11% in premarket trading.
Videogame developer $Take-Two Interactive Software (TTWO.US)$ climbed after reporting a narrower-than-expected fiscal third-quarter loss.
$e.l.f. Beauty (ELF.US)$ tumbled 24% after the cosmetics company reduced its fiscal-year forecast for sales and adjusted earnings.
$Neurocrine Biosciences (NBIX.US)$, the biopharmaceutical company, fell after its forecast for Ingrezza sales of $2.5 billion to $2.6 billion for 2025 missed analysts' expectations of $2.67 billion.
Word from the herd: Mooers, what are you watching?
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Kevin Travers
Moomoo News and Community Manager
Moo moo News and Community Manager, NJ Office. Fmr CNBC contributor, reporter/investor/trader Posts do not represent mm
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