Stocks rallied in late trading Tuesday to push major indexes into positive territory for the session and boost the S&𓃲;P 500 to a record high.
The S&P 500 closed 0.2% higher, posting an all-time high for the first time in nearly four weeks, while the 澳洲幸运5开奖号码历史查询:Nasdaq Composite and 澳洲幸运5开奖号码历史查询:Dow Jones Industrial Average each rose less than 0.1%. The major indexes added to 澳洲幸运5开奖号码历史查询:solid gains last week, leaving the Nasdaq and Dow each less than 1% away from record highs of 🌺their own. (U.S. financial markets were closed on Monday for the Presidents' Day holiday.)
Among the big movers on Tuesday, Intel (INTC) shares soared 16% to lead Nasdaq gainers after The Wall Street Journal reported over the weekend that Broadcom and Taiwan Semiconductor Manufacturing Co. (TSM) are considering bi🍰ds for parts of the embattled chipmaker. Super Micro Computer (SMCI) shares also surged 16%, pacing the S&P 500, as the stock 澳洲幸运5开奖号码历史查询:extended a rally that kicked off l🅘ast weeꦇk when the embattled server maker issued a rosy outlook for AI-fueled sales growth.
Walgreens Boots Alliance (WBA) shares jumped 14% following a report the pharmacy chain's 澳洲幸运5开奖号码历史查询:possible deal to sell itself to 澳洲幸运5开奖号码历史查询:private equity firm Sycamore Partners may be back on the table. Shares of Constellation Brands (STZ) rose nearly 4% following news that Warren Buffett's Berkshire Hathaway hadꦛ taken a stake in the parent of 🔜Modelo beer, Robert Mondavi wine and other alcoholic beverages brands.
Shares of mega-cap technology companies were mostly lower on Tuesday. Shares of Meta Platforms (META) fell 2.8%, snapping a 20-session winning streak during which the stock had gained more than 20%. Apple (AAPL), Alphabet (GOOG), Amazon (AMZN), Tesla (TSLA) and Broadcom (AVGO) also lost ground, while Nvidia (NVDA) and Microsoft (MSFT) inched higher.
Among noteworthy decliners, Medtronic (MDT) shares were down 7.3% after the medical devices company reported disappointing sales, while Conagra Brands (CAG) dropped 5.5% after the food company cut its profit outlook. Southwest Airlines (LUV) shares slipped nearly 1% after the company said it plans to 澳洲幸运5开奖号码历史查询:cut 15% of its corporate workforce, the first major layo🥂ffs in the budget airline's history.
In other markets, bitcoin was at $95,300 late Tuesday afternoon, down from a Friday high of around $99,000 but up from an intraday low around $93,300. Gold futures were up 1.8% at around $2,950 an ounce, approaching a record high, while West Texas Inte⭕rmediate crude oil futures gained 1.5% to $71.85 a barrel.
The yield on 10-year Treasurys, which correlates with expectations about where interest rates are headed, was at 4.55%, up from 4.48% at Friday's close. The yield jumped as high as 4.66% last week after disappointing inflation data raised concerns about whether the Federal Reserve would be in a position to cut rates this year.
Biggest S&P 500 Movers on Tuesday
Advancers
- Shares of Super Micro Computer (SMCI) rose more than 16%, adding the most of any S&P 500 stock and extending 澳洲幸运5开奖号码历史查询:a string of gains posted since the sever manufacturer provided a business update last week. In addition to forecasting robust revenue growth in fiscal 2026, Supermicro asserted confidence that it will be able to meet the Feb. 25 deadline for filing its delayed annual report. If the company is unable to complete the regulatory requirement by that date, Supermicro stock could face delisting.
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Annabelle Chih / Bloomberg / Getty Images
- The Wall Street Journal reported that chipmaking rivals Taiwan Semiconductor Manufacturing Co. (TSM) and Broadcom (AVGO) could be pursuing deals that would split US semiconductor giant Intel (INTC). According to the report, Broadcom has been 澳洲幸运5开奖号码历史查询:contemplating an acquisition of Intel's semiconductor design and marketing business, while TSMC has been exploring the possibility of taking over some or all of Intel's manufacturing facilities. Intel shares rose about 16%.
- Walgreens Boots Alliance (WBA) shares surged 14% following reports on CNBC that the pharmacy operator may still be 澳洲幸运5开奖号码历史查询:considering a sale to private equity firm Sycamore Partners. According to the financial network, the potential transaction to take Walgreens private appeared to be shelved a few weeks ago, but there could be renewed momentum behind a deal.
Decliners
- The heaviest losses in the S&P 500 were in shares of Medtronic (MDT), which tumbled more than 7% after the medical device maker 澳洲幸运5开奖号码历史查询:posted mixed results for its fiscal third quarter. Although adjusted earnings per share edged out estimates, quarterly revenue missed the mark, with slumping sales of Medtronic's stapling and blood oxygen management products weighing on its performance.
- Conagra Brands (CAG) lowered its 澳洲幸运5开奖号码历史查询:full-year sales guidance, citing supply concerns, and shares of the packaged food company dropped 5.5%. The parent company of Hunt's ketchup, Orville Redenbacher's popcorn, and other grocery-store staples pointed to challenges at the main facility at which it processes chicken for frozen dinners, as well as an unanticipated uptick in demand for frozen vegetables, as factors behind its more subdued forecast.
- Shares of health insurance giant UnitedHealth Group (UNH) sank 4.4% after the Federal Trade Commission said it would retain the Biden administration's guidelines for reviewing mergers. The application of these existing rules could lead to obstructions for the planned acquisition of home and hospice care provider Amedisys (AMED) by UnitedHealth's Optum division.
Walgreens Soars on Report of Possible Sycamore Deal
Walgreens Boots Alliance (WBA) shares jumped Tuesday following a report the pharmacy's possible deal to sell itself to 澳洲幸运5开奖号码历史查询:private equity firm Sycamore Partners may be back on the ♐table.
CNBC's David Faber reportedly said on the network Tuesday morning that the deal is "alive," after being considered "mostly dead" a few weeks ago.
The talks between the pharmacy chain and Sycamore were 澳洲幸运5开奖号码历史查询:first reported in December, withThe Wall Street Journal saying Sycamore would likely sell off pieces of the company's business. In October, Walgreens 澳洲幸运5开奖号码历史查询:announced a plan to sh🍬utter some 1,200 "underperforming" stores, including 500 in fiscal 2025.
Late last month, the retailer said it was temporarily 澳洲幸运5开奖号码历史查询:suspending its quarterly dividend to conserve cash as it looked to turn around its business and refinance some of its debt. Bloomberg also reported last month that Sycamore had been discussing 𒈔debt financing with other firms to fund the deal.
Wal💫greens and Sycamore did not immediately respond to requests for comment.
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Walgreens shares closed ꦓ14% higher on Tuesday, but they have lost half their value over the last 12 montౠhs.
Why Bath & Body Works Jumped Nearly 10% Tuesday
Bath & Body Works (BBWI) shares rose almost 10% on Tuesday after analysts from JPMorgan upgraded&nbs🐎p;the stock, citing encouraging recent product launches and shrinking post-paꦏndemic headwinds.
The analysts raised the stock to "overweight" from "neutral" Tuesday and lifted their price target to $47 from $41 previously. The new rating comes as the retailer is set to report fourth-quarter earnings on Feb. 27.
Aside from JPMorgan, analysts who follow Bath & Body Works and are tracked by Visible Alpha are somewhat bullish on the retailer's stock, with five "buy," three "hold," and one "sell" rating among the nine tracked brokers. The stock has an average 澳洲幸运5开奖号码历史查询:price target of $43.56🅰. The stock closed at $40.03 Tuesday, a 9ꦜ.8% gain.
The JPMorgan analysts said Bath & Body Works is 澳洲幸运5开奖号码历史查询:undervalued compared with its peers in the beauty category, while being a market leader in some of its important categories like fragrances and hand sanitizers. The analysts also said headwinds like a post-pandemic drop in sales of candles and hand sanitizers are normaliꦚzing and likely won't have much impact on sales moving forward.
They also said the company recently launched its biggest collaboration, with a new line of 85 products rolled out earlier this week with scents tied to Disney (DIS) princess characters that c💟ould help drive sales.
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Justin Sullivan / Getty Images
The analysts said the product line is about three times the size of Bath & Body Works' past collaborations with Netflix (NFLX), when it created product lines based on shows like 澳洲幸运5开奖号码历史查询:"Bridgerton" and "Stranger Things."
Conagra Tumbles as Food Company Trims Outlook
Investors lost some of their appetite for Conagra Brands (CAG) Tuesday, sending shares down more than 5% after the foo🍰d company trimmed its sales outlook for 🐲the year.
Conagra, the company behind Healthy Choice prepared meals and Birds Eye frozen vegetables, among other brands, revised its outlook𝐆 Monday because of struggles to source enough chicken and pr🥀oduce.
The company says it now expects sales to decline 2% for its full fiscal year, rather than coming in flat or decreasing as much as 1.5% compared with 2024, according to a press release. Conagra's 澳洲幸运5开奖号码历史查询:fiscal year ends in late May.
“As a result of these challenges, we were unable to service all of our demand in the third quarter, which will negatively impact both our 澳洲幸运5开奖号码历史查询:sales and profit for fiscal 2025,” CFO Dave Marberger sa🥃id during an investors conference Tuesday, according to a transcript from AlphaSense. “We also expect both the sales and profit impacts of this to be transitory.”
Conagra’s primary chicke𓃲n plant had “quality inconsistencies,” forcing the company to shut down the facility, make adjustments, and start it up again at a slower pace, Conagra said. ꧑Expenses rose as Conagra bought chicken from a third party, according to Marberger.
The plant’s production speed will remain reduced as Conagra moves forward with a previous🥀ly planned facility upgrade, according to the press release.
Conagra, which also makes Slim Jim, Duncan Hines, Marie Callender's and more, said it expects 澳洲幸运5开奖号码历史查询:earnings per share (EPS) to h🥂it $2.35 at th🌞e end of the year, rather than the $2.45 to $2.50 previously forecast.
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The update didn't sit well with investors. Conagra shares closed 5.5% lower on Tuesday and have shed 14% since the start of 2025.
Nike Climbs After Announcing Partnership with SKIMS
Nike (NKE) shares rose Tuesday after the athletic apparel maker announced it will launch a new fitness brand with reality TV star Kim ✅Kardashian in an effort to attract more women buyers.
The “Just Do It” company is teaming up with 澳洲幸运5开奖号码历史查询:Kardashian’s✃ SKIMS shapewear and clothingꦆ brand to create NikeSKIMS products for women.
on Tuesday said NikeSKIMS would offer “澳洲幸运5开奖号码历史查询:training apparel, footwear, and accessories designed to meet the unique needs and preferences of women athletes around the world.” It added th🦋at the collaboration idea for the new, shared product line came from SKIMS.
Kardashian, who is co-founder and chief creative officer of SKIMS, said NikeSKIMS will be “delivering product that is meticulously designed to s🐷culp♎t and perform for every body.” Nike added that the first products would hit U.S. store shelves in the spring.
Nike shares were up 5% in mid-afternoon trading, leading Dow gainers.
However, shares of Nike have been struggling, hitting a five-year low earlier this month as new 澳洲幸﷽运5开奖号码历史查询:Chief Executive Officer Elliott Hill, who took over in October, has moved to try to increase sagging sales. Even with Tuesday’s gains, the stock pri﷽ce has lost a quarter of its value over the last 12 months.
Supermicro Stock Continues to Soar
Super Micro Computer (SMCI) shares jumped again Tuesday, 澳洲幸运5开奖号码历史查询:extending a streak of gains since the company predicted significant sales growth in fiscal 2026 driven by demand for 澳洲幸运5开奖号码历史查询:artificial intelligence servers.
The company’s stock was up more than 11% in early-afternoon trading to around $53.50, marking the fourth-straight day session of gains since Supermicro’s 澳🎃洲幸运5开奖号码历史查询:fiscal second-quarter business update on Feb. 11 (with markets closed on Monday for Presidents' Day). All told, shares are up about 40% sin🐻ce the update.
Supermicro CEO♛ Charles Liang called for revenue to reach $40 billion in fiscal 2026, 60% more than what the company projects in 2025, as demand grows for infrastructure to support AI.
Last week, JPMorgan analy🌌sts said the 2026 estimate “presents a nice upside” but also called the figure an “aggressive” target. The analysts maintained an “underweight” rating for the stock, but raised their price target to $35 from $23.
As part of last week's update, Supermicro also said it expects to submit its delayed financial reports from the 2024 fiscal year by the Nasdaq’s Feb. 25 deadline to avoid being delisted.
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Despite the week of gains, Supermicro shares are still down by about a third over the past 12 months due in part to concerns about the company's 澳洲幸运5开奖号码历史查询:accounting practices.
Medtronic Stock Slumps as Sales Miss Estimates
Medtronic (MDT) shares tumbled Tuesday after the medical devi💞ce m𝔉aker missed sales forecasts.
The company reported fiscal third-quarter revenue rose 2.5% year-over-year to $8.29 billion, below analysts' estimates compiled by Visible Alpha. Adjusted earnings per share (EPS) came in at $1.39, slightly above forecasts.
The revenue miss came as sales at Medtronic's Medical Surgical division declined 1.9% to $2.07 billion. The company pointed to stapling segment pressures, as well as a drop in purchases of its blood oxygen management products because of fewer respiratory-related hospitalizations in the U.S.
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Shares of Medtronic were down more than 7% in recent trading. The stock ꩲis near unchanged over the past 12 months.
As Gold Nears $3,000, Analysts Mixed on Outlook
Gold prices are nearing the $3,000 per 澳洲幸运5开奖号码历史查询:troy ounce&nbsꦬp;level for the first time, yet Wall Street has mixed views on where they will end up this year.
Goldman Sachs in a note Monday raised its forecast to $3,100/oz from $2,890, citing central bank buying and inflows into 澳洲幸运5开奖号码历史查询:exchange-traded funds (ETFs). Morgan Stanley, meanwhile, projec🏅ts gold at $2,700 by the fourth quarter.
Goldman said that if "policy uncertainty—including tariff fears—stays high, higher speculative positioning for longer could push gold prices as high as $3,300/toz by year-end."
Gold has enjoyed a 澳洲幸运5开奖号码历史查询:yearlong rally dr𝔉iven by rising central bank purchases, geopolitical tension, and declining interest rates.
The uncertainty 澳洲幸运5开奖号码历史查询:around tariffs that U.S. President Donald Trump is planning to impose globally has been driving gold lately, Morgan Stanley analysts said in the𝐆ir note Friday. Gold is a safe haven investment and seen as a hedge as economists expect🐷 tariffs to ignite inflation.
The Morgan Stanley analysts cited "demand destruction and supply response" for their more downbeat view on gold, noting that demand could decline as prices continue to climb, while recycling boosts supply.
“Tariff uncertainty could take prices a bit higher, in our view, but further demand destruction and supply response from recycling and potential profit taking suggests prices cou🌊ld end 2025 lower than they are today,” the analysts wrote.
The Morgan Stanley analysts said that both central bank and investment demand continue to be strong, especially in the world’s 澳洲幸运5开奖号码历史查询:two largest gold markets of India and China.
Constellation Brands Jumps on Buffett Investment
Constellation Brands (STZ) shares jumped in early trading Tuesday after Warren Buffett's Berkshire Hathaway (BRK.A, BRK.B) disclosed 澳洲幸运5开奖号码历史查询:a new investment in the beer and spirits maker.
Since the 澳洲幸运5开奖号码历史查询:50-day moving average (MA) crossed below the 200-day MA to flash a 澳洲幸运5开奖号码历史查询:death cross in August last year, Constellation Brands shares have trended sharply lower, with the price more recently forming a 澳洲幸运5开奖号码历史查询:falling wedge chart pattern.
While the 澳洲幸运5开奖号码历史查询:relative strength index (RSI) signals bearish price momentum with a reading below the 30 threshold, the indicator also points to oversold&nb🥃sp;condit🎶ions, increasing the likelihood of a potential bounce.
Indeed, the stock looks set to break out above the pattern's upper trendline in Tuesday’s trading session, potentially paving the way for an upside reversal.
Investors should track key overhead Fibonacci levels on the Constellation Brands chart around $187, $204, $218 and $231, while also watching an important supp🐠ort level near $160.
The stock was up 5% at $171 in the opening minutes of Tuesday's session.
Read the full 澳洲幸运5开奖号码历史查询:technical analysis piece here.
S&P 500 Poised to Hit Record High Tuesday
The S&P 500 is on track to open at an all-time high on Tuesday, as the U.S. stock market looks to add to last week's gains.
The S&P 500 and Nasdaq Composite rose 1.5% and 2.6%, respectively, last week, while the Dow Jones Industrial Average tacked on 0.5%. The S&P 500 finished Friday's session—ahead of Monday's break for the Presidents' Day holiday—just 4 points away from its record close, and 14 points below its all-time high. The Dow and Nasdaq each enter the trading week less than 1% away from record closing highs.
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So far 🀅in 2025, the Dow is up 4.7%, while the S&P 500 and Nasdaq have gained 4% and 3.7%, respectively.
Intel Levels to Watch Amid Deal Speculation
Intel (INTC) shares jumped in premarket trading Tuesday after The Wall Street Journal over the weekend reported that Broadcom (AVGO) and Taiwan Semiconductor Manufacturing Co. (TSM) are considering bids for parts of the 🃏embattle🔯d chipmaker.
Intel shares 澳洲幸运5开奖号码历史查询:surged more than 20% last week after Vice President JD Vance said at a recent AI conference in Paris that the Trump administration would take steps to ensure AI chips are designed and manufactured in the U.S. Sentiment surrounding the stock received a further boost last week on specu෴lation that the compan﷽y may partner with TSMC to make chips in the U.S.
Despite last week's gain, the stock had lost nearly half of its value over the past 12 months through Friday's close.
Since gapping sharply lower in early August last year, the stock has remained mostly rangebound, potentially carving out a rectangle bottoming pattern. The relative strength index sits just below the 70 threshold, confirming bullish momentum, setting the stag🍌e for positive price action to continue this week.
Investors should watch key overhead areas on Intel's chart around $26, $32, $37, and $45, while also monitoring a major support level near $19.
The stock was up 5% at $24.80 about 90 minutes before Tuesday's opening bell.
Major Index Futures Move Higher
Futures tie🌃d to the Dow Jones Industrial Average were up 0.꧋2%.
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S&P 500 futures were up 0.4%.
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Nasdaq 100 futures also advanced 0.4%.
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