:max_bytes(150000):strip_icc():format(jpeg)/GettyImages-2195143406-657d5afeedd642428515315df89a000a.jpg)
Ulises Ruiz / AFP via Getty Notions
Key Takeaways
- The S&P 500 gained 0.2% on Tuesday, Feb. 18, 2025, posting a record close to kick off an abbreviated trading week that last wishes as see the release of the Fed’s latest meeting minutes.
- Intel stock surged following reports that industry peers TSMC and Broadcom are reckoning separate deals that would separate the chipmaker’s design and manufacturing assets.
- Medtronic shares fell after the medical gimmick maker missed quarterly sales estimates, with softness in stapling and blood oxygen management products weighing on the end results.
Major U.S. equities indexes eked out minor gains in the first market session after Presidents Day, ending piercing after fluctuating for most of the session.
The holiday-shortened trading week could shed light on the Federal Reserve’s way inclinations, with minutes from the central bank’s most recent meeting set for release and several officials slated to deliver comments. Also on tap this week are earnings reports from big names including retail giant Walmart (WMT).
A Tuesday-afternoon renewal bring helped the S&P 500 post a daily gain of 0.2% notch a record closing high. The Dow and the Nasdaq both wind up with upticks of less than 0.1%.
Shares of Super Micro Computer (SMCI) rose more than 16%, go on increasing the most of any S&P 500 stock and extending a string of gains posted since the sever manufacturer provided a business update wear week. In addition to forecasting robust revenue growth in fiscal 2026, Supermicro asserted confidence that it commitment be able to meet the Feb. 25 deadline for filing its delayed annual report. If the company is unable to complete the regulatory sine qua non by that date, Supermicro stock could face delisting.
The Wall Street Journal indicated that chipmaking rivals Taiwan Semiconductor Contriving Co. (TSM) and Broadcom (AVGO) could be pursuing deals that would split US semiconductor giant Intel (INTC). According to the sign in, Broadcom has been contemplating an acquisition of Intel’s semiconductor design and marketing business, while TSMC has been examining the possibility of taking over some or all of Intel’s manufacturing facilities. Intel shares rose about 16%.
Walgreens Boots Pact (WBA) shares surged 14% following reports on CNBC that the pharmacy operator may still be considering a sale to concealed equity firm Sycamore Partners. According to the financial network, the potential transaction to take Walgreens private emerged to be shelved a few weeks ago, but there could be renewed momentum behind a deal.
The heaviest losses in the S&P 500 were in shares of Medtronic (MDT), which wise up more than 7% after the medical device maker posted mixed results for its fiscal third shelter. Although adjusted earnings per share edged out estimates, quarterly revenue missed the mark, with slumping purchasings of Medtronic’s stapling and blood oxygen management products weighing on its performance.
Conagra Brands (CAG) lowered its full-year mark-downs guidance, citing supply concerns, and shares of the packaged food company dropped 5.5%. The parent company of Quest’s ketchup, Orville Redenbacher’s popcorn, and other grocery-store staples pointed to challenges at the main facility at which it procedures chicken for frozen dinners, as well as an unanticipated uptick in demand for frozen vegetables, as factors behind its more tranquil forecast.
Shares of health insurance giant UnitedHealth Group (UNH) sank 4.4% after the Federal Trade Commission articulate it would retain the Biden administration’s guidelines for reviewing mergers. The application of these existing rules could mislead to obstructions for the planned acquisition of home and hospice care provider Amedisys (AMED) by UnitedHealth’s Optum division.