LIVE MARKETS-US stocks edge lower but Walmart gains early

Reuters
02/19
LIVE MARKETS-US stocks edge lower but Walmart gains early 

US stocks slightly lower

Financials weakest S&P 500 sector; Energy leads gainers

Euro STOXX 600 index down ~0.7%

Dollar up; bitcoin, gold gain; crude up >2%

US 10-Year Treasury yield edges up to ~4.09%

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US STOCKS EDGE LOWER BUT WALMART GAINS EARLY

Major U.S. stock indexes are modestly lower in early trading on Thursday, pulling back after recent gains as financials and technology shares are easing, while Walmart shares are edging higher following its quarterly results.

The financial sector .SPSY is down about 1%, while technology .SPLRCT is down just 0.2%, with shares of Nvidia NVDA.O off 0.1% after ending higher on Wednesday.

Among early gainers, Walmart WMT.O shares are up 2.3% after the retailer reported online demand from U.S. customers looking for quick deliveries bolstered revenue in the holiday quarter. It also announced a fresh $30 billion buyback plan but gave a coming-year forecast that fell short of analyst expectations.

Also on the plus side are energy shares .SPNY. Both Exxon Mobil XOM.N and Chevron CVX.N are up slightly as oil prices rose amid increasing concern about a military conflict between the United States and Iran.

Here is the early market snapshot:

(Caroline Valetkevitch)

*****

EARLIER ON LIVE MARKETS:

'AI IS NOT COMING' FOR CHARLES RIVER, RATHER COULD BENEFIT THE COMPANY, BARCLAYS SAYS CLICK HERE

ENERGY SECTOR RUNNING HOT, MAYBE TOO HOT? CLICK HERE

EURO, EURO, ON THE WALL... WHO'S THE 'BEST' PRESIDENT OF THEM ALL? CLICK HERE

DÉJÀ VU ALL OVER AGAIN FOR THE U.S. DOLLAR CLICK HERE

'THE DECADE OF THE ROBOT’; BARCLAYS SEES PHYSICAL AI NEAR INFLECTION POINT CLICK HERE

UTILITIES AND MINERS DRAG, NESTLE DRIVES ZURICH TO NEW RECORD CLICK HERE

BEFORE THE BELL: EUROPEAN FUTURES MIXED, AS EARNINGS DRIVE MOVERS CLICK HERE

ASIA HOLIDAYS AS US, IRAN WORK TO AVERT CONFLICT CLICK HERE

Early market snapshot https://fingfx.thomsonreuters.com/gfx/mkt/zjpqmqkqqpx/Pasted%20image%201771514725815.png

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