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U.S. stocks declined on Thursday, with the S&P 500 down by 0.4%, the Dow Jones Industrial Average decreasing by 1%, and the Nasdaq falling by 0.4% as the day concluded 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
Alibaba (BABA+6.06%) stock surged after posting strong earnings, driven by its AI-powered strategies.
Boeing
Boeing’s (BA-0.14%) stock fell as President Donald Trump again expressed his frustration over the planemaker’s failure to deliver replacements for Air Force One, which were expected to be handed over to the federal government last year.
Block
Block XYZ-15.62% will release its quarterly earnings report after the market closes.
Cruise Lines
Carnival (CCL-1.30%), Norwegian Cruise Lines (NCLH-2.04%), Royal Caribbean (RCL-0.73%), and Viking Holdings (VIK+1.49%) 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
Hasbro (HAS-1.98%) 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
Meta’s (META-0.25%) 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
Palantir stock (PLTR+0.44%) 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
Walmart stock (WMT-1.87%) fell after the retailer issued disappointing guidance, forecasting sales growth of 3%-4% for the current fiscal year.
—William Gavin contributed to this article.