Dow closes more than 400 points lower Thursday, S&P 500 slides from recent highs: Live updates

Category: Finance

Carvana's stock fell over 12% despite a strong fourth-quarter report, raising concerns about its 2025 growth guidance. Federal Reserve officials are advocating for a cautious approach to interest rates amid economic uncertainty. Morgan Stanley upgraded the MSCI China Index, citing improving equity risk premiums. Palantir's stock dropped due to concerns over Pentagon budget cuts, although some analysts remain bullish. Asia-Pacific markets declined as Trump proposed tariffs and the Fed hinted at prolonged high rates. Trump also mentioned plans to distribute 20% of DOGE savings to Americans.

Keywords: Carvana, Federal Reserve, MSCI China

Source: CNBC

Update At: 2/21/2025

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