On February 18, 2025, the S&P 500 rose 0.2% to set new records as trading resumed after President’s Day, with a focus on the upcoming release of minutes from the Federal Reserve’s latest meeting. The Dow and Nasdaq also saw slight increases of less than 0.1%. Key developments included Super Micro Computer’s shares surging over 16% following a positive business update, while Intel’s stock increased by 16% amid reports of potential asset acquisitions by Broadcom and TSMC. Walgreens Boots Alliance’s shares jumped 14% on renewed speculation about a sale to Sycamore Partners.
However, Medtronic’s shares declined over 7% after the company missed quarterly sales estimates despite exceeding adjusted earnings expectations. Conagra Brands also saw a 5.5% drop in stock, lowering its full-year sales guidance due to supply issues. United Health Group’s shares fell 4.4% as regulatory challenges regarding its planned acquisition of Amedisys were highlighted by the Federal Trade Commission’s adherence to existing merger guidelines. Overall, the session experienced mixed results amidst these significant corporate developments.
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