Macy's Inc. gained 0.2% to $13.25 after the department store chain reported lower sales in the fiscal fourth quarter of 2024.

Revenue declined to $8.00 billion from $8.37 billion, net income swung to a profit of $342 million from a loss of $128 million, and earnings per diluted share rose to $1.21 from a loss of 47 cents a year ago.

Macy’s First 50 locations delivered the fourth consecutive quarter of comparable sales growth, up 0.8% on an owned basis and up 1.2% on an owned-plus-licensed basis.

The retailer reported fourth-quarter comparable sales down 1.1% on an owned basis, while its owned-plus-licensed-plus-marketplace comparable sales since the first quarter of 2022 were up 0.2%.

Bloomingdale’s reported owned comparable sales grew 4.8%, and its highest fourth quarter owned-plus-licensed-plus-marketplace comparable sales growth was 6.5%.

Blue Mercury reported its 16th consecutive quarter of comparable sales growth, up 6.2%.

The company guided for fiscal 2025 net sales between $21.0 billion and $21.4 billion, down from $22.29 billion in 2024, and adjusted earnings per diluted share between $2.05 and $2.25, down from $2.64 in 2024.

The outlook reflects the impact of fiscal 2024 store closures, which contributed roughly $700 million of annual net sales.

Macy’s plans to resume share buybacks under its remaining $1.4 billion share repurchase authorization.

JD.com Inc. eased 0.5% to $43.69 after the Chinese retailer reported results for the fiscal fourth quarter of 2024.

Revenue increased to 346.99 billion yuan from 306.08 billion yuan, net income surged to 9.85 billion yuan from 3.39 billion yuan, and earnings per diluted share rose to 6.47 yuan from 2.13 yuan a year ago.

The company approved an annual cash dividend of 5 cents per share, or $1.0 per ADS, for 2024, payable on April 23 and April 29 (ADS) to shareholders on record as of April 8.

Broadcom Inc. surged 10.9% to $199.07 after the provider of semiconductor and infrastructure software solutions reported results for the fiscal first quarter of 2025.

Net revenue increased to $14.92 billion from $11.96 billion, net income surged to $5.50 billion from $1.32 billion, and earnings per diluted share rose to $1.14 from 28 cents a year ago.

The company approved a quarterly cash dividend of 59 cents per share, payable on March 31 to stockholders on record as of March 20.

Broadcom guided for the second quarter revenue of approximately $14.9 billion, up 19% from $12.49 billion a year ago, and adjusted EBITDA of 66% of projected revenue, compared to 59% of revenue in the same quarter in 2024.

Foot Locker Inc. gained 0.5% to $18.35 after the footwear and apparel retailer reported weaker-than-expected sales in the fourth quarter of 2024.

Sales decreased to $2.24 billion from $2.38 billion, net income swung to a profit of $49 million from a loss of $389 million, and earnings per diluted share rose to a profit of 57 cents from a loss of $4.13 a year ago.

Sales in the 53rd week in 2023 were $98 million.

Overall comparable sales, including all banners and geographies, increased by 2.6%, and North America comparable same-store sales advanced 3.6%. 

Champs Sports delivered its second consecutive quarter of comparable sales growth, with gains of 1.8%.

Foot Locker completed 160 store refreshes in the fourth quarter, bringing the total to over 400 for the year.

The company guided for fiscal 2025 sales growth between -1% and 0.5%, comparable sales change between 1% and 2.5%, and non-GAAP earnings per share between $1.35 and $1.65, compared to $1.37 in 2024.

Abercrombie & Fitch Co. dropped 0.3% to $87.0 after the specialty apparel retailer reported comparable sales growth of 14% in the fiscal fourth quarter of 2024.

Net sales increased to $1.58 billion from $1.45 billion, net income climbed to $187.23 million from $158.45 million, and earnings per diluted share rose to $3.57 from $2.97 a year ago.

Full-year 2024 revenue increased 16% to $4.95 billion from $4.28 billion a year ago, driven by a 17% rise in comparable store sales.

The company guided for the first quarter of 2025 net sales growth between 4% and 6% and net income per diluted share between $1.25 and $1.45, compared to $2.14 in the same period in 2024.

For the full year, the apparel retailer estimated net sales growth between 3% and 5% and net income per diluted share between $10.40 and $11.40, compared to $10.69 in 2024.

Abercrombie & Fitch announced a new $1.3 billion share repurchase authorization, expecting $400 million in share repurchases during 2025.

Veeva Systems Inc. surged 7.2% to $235.69 after the provider of cloud solutions for the life sciences industry reported increased sales in the fiscal fourth quarter of 2025 ending in January.

Revenue jumped to $720.89 million from $630.62 million, net income increased to $195.62 million from $147.40 million, and earnings per diluted share rose to $1.18 from 90 cents a year ago.

The company guided for the first quarter of 2026 revenue between $726 million and $729 million, compared to $650.3 million, and non-GAAP earnings per diluted share between $1.74 and $1.75, compared to $1.50 in the previous year.

Non-GAAP operating income is expected to be between $307 million and $309 million, compared to $247.0 million in the first quarter of 2025.

For the full year, Veeva estimated revenue between $3.04 billion and $3.05 billion, up from $2.75 billion a year ago, and non-GAAP earnings per diluted share at approximately $7.32, compared to $6.60 in 2025.

Non-GAAP operating income is expected at $1.30 billion, compared to $1.15 billion in 2025.

MongoDB Inc. plunged 17.4% to $218.10 after the developer data platform provider missed fourth-quarter analysts expectations.

Fourth-quarter 2025 revenue increased to $548.40 million from $458.00 million, net income jumped to $15.83 million from a loss of $55.46 million, and earnings per diluted share rose to 19 cents from a loss of 77 cents a year ago.

The company guided for the first quarter of 2026 revenue between $524 million and $529 million, up from $450.6 million a year ago, and non-GAAP net income per share between 63 cents and 67 cents, compared to 51 cents in the same quarter in 2025.

Non-GAAP income from operations is expected to be between $54 million and $58 million, up from $32.8 million in the first quarter of 2025.

MongoDB announced a stock buyback program of $200 million to offset the impact of last year’s acquisition of Voyage AI, a provider of embedding and reranking models that power next-generation artificial intelligence applications.

CrowdStrike Holdings Inc. dropped 9.3% to $353.80 after the cybersecurity solutions provider reported results for the fiscal fourth quarter of 2025 ending in January.

Revenue increased to $1.06 billion from $845.33 million, net income swung to a loss of $92.73 million from a profit of $54.94 million, and loss per diluted share was 37 cents compared to a profit of 22 cents a year ago.

The company guided for the first quarter of 2026 revenue between $1.10 billion and $1.11 billion, compared to $921 million a year ago, and non-GAAP earnings per diluted share between 64 cents and 66 cents, compared to 93 cents in the same period in 2025.

Non-GAAP net income is expected to be between $173.1 million and $180 million, compared to $231.7 million in the first quarter of 2025.

The company agreed to bring AI-powered cloud security to Oracle Cloud Infrastructure.

Target Corp. gained 0.4% to $117.61 after the large-format store chain operator reported fourth-quarter comparable sales growth of 1.5%, reflecting steady traffic and digital performance.

Net sales in the fourth quarter ending on February 1 dropped 3.1% to $30.91 billion from $31.92 billion, net earnings declined to $1.10 billion from $1.38 billion, and earnings per diluted share fell to $2.41 from $2.98 a year ago.

Fourth-quarter comparable sales advanced 1.5%, as digital comparable sales grew 8.7% from a year ago.

Same-day delivery powered by Target Circle 360™ grew more than 25% compared to last year.

Comparable sales in apparel and hardlines accelerated by nearly 4% as compared to the third quarter.

The company guided for fiscal 2025 net sales growth of around 1%, based on flat comparable sales growth.

Target expects a “modest increase” in its operating margin rate compared to full-year 2024, an effective tax rate between 23% and 24%, and GAAP and adjusted earnings per share between $8.80 and $9.80, compared to $8.86 in 2024.

Target paid dividends of $513 million in the fourth quarter, up 1.8% from $508 million last year.

In addition, the company repurchased $506 million of its shares, retiring 3.7 million shares at an average price of $136.89, and as of the end of the fourth quarter, Target had $8.7 billion in remaining repurchase authorization since the program’s approval in August 2021.

AeroVironment Inc. plunged 20% to $113.50 after the provider of robotic systems to defense and commercial customers reported results for the fiscal third quarter of 2025.

Revenue declined to $139.75 million from $155.92 million, net income swung to a loss of $1.75 million from a profit of $13.88 million, and net loss per diluted share was 6 cents compared to a profit of 50 cents a year ago.

The company guided for fiscal 2025 revenue between $780 million and $795 million, compared to $716.7 million a year ago, and non-GAAP earnings per diluted share between $2.92 and $3.13, compared to 43 cents in 2024.

Non-GAAP adjusted EBITDA is estimated between $135 million and $142 million, compared to $22.2 million in 2024.

Nordstrom Inc. gained 0.6% to $24.39 after the full-line merchandise retailer surpassed analyst expectations in the fiscal fourth quarter ending on February 1 of 2025.

Net sales declined to $4.20 billion from $4.29 billion, net earnings increased to $165 million from $134 million, and earnings per diluted share jumped to 97 cents from 82 cents a year ago.

The company opened 23 stores during the year.

During the fourth quarter, Nordstrom closed one store and three Rack stores, and subsequent to the quarter-end, the company closed one local service hub, which will reopen as a storefront dedicated to personal styling.

Fourth-quarter total comparable sales increased 4.7%, banner comparable sales increased 5.3%, and rack comparable sales increased 3.5% versus fiscal 2023.

The company proposed a quarterly cash dividend of 19 cents per share, payable on March 26 to shareholders on record as of March 11.

Wall Street Sell-off Gathers Steam as Government Shutdown Looms Amid Trump Chaos

Benchmark indexes on Wall Street plunged in Monday's trading and extended losses to the fourth consecutive week amid rising worries of economic slowdown. 

The S&P 500 index decreased 1.8%, and the Nasdaq Composite dropped 2.7% as investors factor in the negative impact of U.S. tariffs on global economic growth. 

Last week, Wall Street indexes turned sharply lower for the third consecutive week and extended 2025’s losses amid self-inflicted policy harms engineered by the U.S. president.

Over the week, the S&P 500 declined 3.1%, and the Nasdaq Composite dropped 3.5%. 

In the year so far, the S&P 500 is down 3.6% and the Nasdaq Composite has fallen 8.6%, as of 10:30 a.m. ET Monday.

Amid a high level of uncertainty, investors are increasingly seeking stability in U.S. Treasuries and selling stocks.

Donald Trump’s constant state of confusion and flip-flops are unnerving investors, stoking fears of stagflation and rate cut delays.

The U.S. economy, once the envy of the developed world, was on sound footing and flashing green on all key metrics; it is now teetering on recession.

Moreover, the Trump administration’s lack of competence is visible in how the president announces tariffs, then walks back or allows loopholes, followed by more exemptions to water down initial measures.

Rendering the initial tariff ineffective.

World markets are increasingly ignoring Trump, as companies find ways around import taxes and other stable trading partners.

In addition, Trump's uncertainty is spreading beyond tariffs to immigration, federal budgets, and taxes.

In the week ahead, investors are looking forward to the release of consumer price and producer price inflation reports on Wednesday and Thursday, respectively. 

Moreover, the JOLTS job opening report is also expected to confirm moderating but strong labor market conditions.

On the earnings front in the U.S., investors are looking ahead to the release of results from Ciena, Oracle, Ulta Beauty, DocuSign, Vail Resort, Dick’s Sporting Goods, Dollar General, and Kohl’s.

Commodities, Currencies, Indexes, Yields

The S&P 500 index decreased 2% to 5,654.24, the Nasdaq Composite edged down 3.4% to 17,581.08, and the Russell 2000 index was down 1.9% to 2,035.05.

The yield on 2-year Treasury notes edged lower to 3.93%, 10-year Treasury notes decreased to 4.22%, and 30-year Treasury bonds declined to 4.54%.

WTI crude oil decreased $0.40 to $66.63 a barrel, and natural gas prices edged higher by $0.07 to $4.47 a thermal unit.

Gold decreased by $7.67 to 2,903.79 an ounce, and silver edged down by $0.31 to $32.20.

The dollar index, which weighs the US currency against a basket of foreign currencies, decreased 0.02 to 103.81 and traded at a two-year high.

U.S. Stock Movers 

Tesla decreased 3.3% to $241.54, and the electric vehicle maker has declined every week in 2025 after chief executive officer Elon Musk decided to spend more time in Washington, D.C. 

Tesla has plunged more than 40% in 2025 and scaled back from its high of $488 reached in mid-December. 

Large bank stocks declined sharply in Monday's trading on the worries that the economic slowdown could impact earnings in 2025.

Bank of America decreased 2.3% to $40.45, JPMorgan Chase fell 3.3% to $234.03, Wells Fargo dropped 4.3% to $68.06, and Citigroup declined 4.3% to $67.45.

Wall Street Sell-off Gathers Steam as Government Shutdown Looms Amid Tru

Benchmark indexes on Wall Street plunged in Monday's trading and extended losses to the fourth consecutive week amid rising worries of economic slowdown. 

The S&P 500 index decreased 1.8%, and the Nasdaq Composite dropped 2.7% as investors factor in the negative impact of U.S. tariffs on global economic growth. 

Last week, Wall Street indexes turned sharply lower for the third consecutive week and extended 2025’s losses amid self-inflicted policy harms engineered by the U.S. president.

Over the week, the S&P 500 declined 3.1%, and the Nasdaq Composite dropped 3.5%. 

In the year so far, the S&P 500 is down 3.6% and the Nasdaq Composite has fallen 8.6%, as of 10:30 a.m. ET Monday.

Amid a high level of uncertainty, investors are increasingly seeking stability in U.S. Treasuries and selling stocks.

Donald Trump’s constant state of confusion and flip-flops are unnerving investors, stoking fears of stagflation and rate cut delays.

The U.S. economy, once the envy of the developed world, was on sound footing and flashing green on all key metrics; it is now teetering on recession.

Moreover, the Trump administration’s lack of competence is visible in how the president announces tariffs, then walks back or allows loopholes, followed by more exemptions to water down initial measures.

Rendering the initial tariff ineffective.

World markets are increasingly ignoring Trump, as companies find ways around import taxes and other stable trading partners.

In addition, Trump's uncertainty is spreading beyond tariffs to immigration, federal budgets, and taxes.

In the week ahead, investors are looking forward to the release of consumer price and producer price inflation reports on Wednesday and Thursday, respectively. 

Moreover, the JOLTS job opening report is also expected to confirm moderating but strong labor market conditions.

On the earnings front in the U.S., investors are looking ahead to the release of results from Ciena, Oracle, Ulta Beauty, DocuSign, Vail Resort, Dick’s Sporting Goods, Dollar General, and Kohl’s.

U.S. Movers 

Tesla decreased 3.3% to $241.54, and the electric vehicle maker has declined every week in 2025 after chief executive officer Elon Musk decided to spend more time in Washington, D.C. 

Tesla has plunged more than 40% in 2025 and scaled back from its high of $488 reached in mid-December. 

Large bank stocks declined sharply in Monday's trading on the worries that the economic slowdown could impact earnings in 2025.

Bank of America decreased 2.3% to $40.45, JPMorgan Chase fell 3.3% to $234.03, Wells Fargo dropped 4.3% to $68.06, and Citigroup declined 4.3% to $67.45.

Europe Movers: ATOSS Software, Clarkson, GlobalData

ATOSS Software SE eased 0.7% to €118.00 after the workforce management provider reported results for fiscal 2024.

Revenue surged 13% to €170.6 million from €108.2 million, net profit jumped to €45.5 million from €35.8 million, and earnings per share rose to €2.86 from €2.25 a year ago.

The company guided for fiscal 2025 revenue growth of 70% and the addition of more than 20,000 new international customers.

ATOSS launched a reverse stock split of the shares, with the effective date April 24 and the start date of the reverse stock split operations March 25.

Clarkson Plc. plunged 18% to 3.616 pence after the provider of integrated shipping services' outlook overshadowed company's 2024 results. 

Revenue increased to £661.4 million from £639.4 million, profit jumped to £84.9 million from £83.8 million, and earnings per diluted share rose to 275.2 pence from 273.6 pence a year ago.

The company proposed a 7% increase in final dividend to 77 pence per share, bringing the total dividend for 2024 to 109 pence per share.

The company's cautious outlook and the decline in freight rates in recent weeks pushed the stock down sharply. 

“2025 has started with more uncertainty than most due to political change, ongoing regional conflicts, increased trade tensions, tariffs and sanctions, inflation and changing monetary policy across global economies,” said chief executive Andi Case. 

"However, following a year of extensive political change, ongoing conflicts in the Middle East and Russia-Ukraine, adding further complexities, markets have softened as economies grapple with the immediate impacts of this phase of change," the company said in a statement released to investors. 

GlobalData Plc dropped 1.09% to 181.00 pence after the UK-based provider of proprietary data, analytics and insights to multiple sectors reported results for the fiscal 2024.

Revenue increased 5% to £285.5 million from £273.1 million, profit before tax surged 32% to £54.9 million from £41.5 million, and earnings per diluted share fell 3% to 3.7 pence from 3.8 pence a year ago.

The company proposed a final dividend of 1.0 pence per share, down from 3.2 pence in 2023, payable on May 2 to shareholders on record as of March 21.

Europe Movers: ATOSS Software, Clarkson, GlobalData

ATOSS Software SE eased 0.7% to €118.00 after the workforce management provider reported results for fiscal 2024.

Revenue surged 13% to €170.6 million from €108.2 million, net profit jumped to €45.5 million from €35.8 million, and earnings per share rose to €2.86 from €2.25 a year ago.

The company guided for fiscal 2025 revenue growth of 70% and the addition of more than 20,000 new international customers.

ATOSS launched a reverse stock split of the shares, with the effective date April 24 and the start date of the reverse stock split operations March 25.

Clarkson Plc. plunged 18% to 3.616 pence after the provider of integrated shipping services' outlook overshadowed company's 2024 results. 

Revenue increased to £661.4 million from £639.4 million, profit jumped to £84.9 million from £83.8 million, and earnings per diluted share rose to 275.2 pence from 273.6 pence a year ago.

The company proposed a 7% increase in final dividend to 77 pence per share, bringing the total dividend for 2024 to 109 pence per share.

The company's cautious outlook and the decline in freight rates in recent weeks pushed the stock down sharply. 

“2025 has started with more uncertainty than most due to political change, ongoing regional conflicts, increased trade tensions, tariffs and sanctions, inflation and changing monetary policy across global economies,” said chief executive Andi Case. 

"However, following a year of extensive political change, ongoing conflicts in the Middle East and Russia-Ukraine, adding further complexities, markets have softened as economies grapple with the immediate impacts of this phase of change," the company said in a statement released to investors. 

GlobalData Plc dropped 1.09% to 181.00 pence after the UK-based provider of proprietary data, analytics and insights to multiple sectors reported results for the fiscal 2024.

Revenue increased 5% to £285.5 million from £273.1 million, profit before tax surged 32% to £54.9 million from £41.5 million, and earnings per diluted share fell 3% to 3.7 pence from 3.8 pence a year ago.

The company proposed a final dividend of 1.0 pence per share, down from 3.2 pence in 2023, payable on May 2 to shareholders on record as of March 21.