Daily Stock Spotlight

Good evening. US stocks scaled back after yesterday’s rally after another day of big bank earnings and a slide in tech stocks.

⬆ 18.86% Symbotic (NASDAQ: SYM)

The warehouse automation will pay Walmart $200 million, plus up to $350 million later, to acquire its robotics division. Walmart will also fund a $520 million program for Symbotic to develop automation systems for same-day delivery and in-store pickup services.

⬆ 17.31% Compagnie Financiere Richemont (OTCMKTS: CFRUY)

The Cartier and Van Cleef & Arpels owner jumped today after reporting record quarterly sales. Following the announcement, luxury stocks such as Hermes, LVMH and Burberry moved higher as the sales figures signalled a more upbeat holiday season for the sector.

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⬇ 4.04% Apple (NASDAQ: AAPL)

Apple shares fell after research showed it lost market dominance in China, dropping to third place behind Vivo and Huawei, both of which offer stronger AI capabilities that better cater to the country’s tech-savvy population.

⬇ 6.04% UnitedHealth (NASDAQ: UNH)

The biggest US health insurer held its first earnings call since the shooting of its CEO, missing out on last quarter’s revenue consensus and reporting higher medical costs than expected.

⬇⬆ 1-day change
Market data: today’s market close