Transcript generated automatically by AI and may contain errors.
What were the stock market trends on February 10th?
Here's your Closing Bell Brief for Tuesday, February 10th. I'm Katherine Sullivan for The Wall Street Journal. U.S. stocks saw a mixed performance today. The Dow reached another record high, closing up a tenth of a percent. But the S&P 500 fell 0.3 percent, and the Nasdaq closed 0.6 percent lower.
Financial firms faced significant pressure because of artificial intelligence threats to their wealth management business. Economic data showed retail sales were unexpectedly flat in December. Treasury yields inched lower, and the dollar weakened following that report. Among individual companies, Spotify technology shares rallied 15 percent today.
The audio streamer posted quarterly results that beat analyst expectations. Coca-Cola stock fell 1.5%. The beverage company reported disappointing net revenue for the quarter. Target shares declined 2% as the retailer announced it's laying off 500 workers. The new chief executive is looking to reverse the trend of declining sales. And Clear Channel Outdoor shares jumped nearly 8%.
The advertising firm agreed to be sold in a $6.2 billion deal. Heads up, an artificial intelligence tool helped us make this episode by creating summaries that were based on WSJ reporting and then reviewed and adapted by an editor. We'll have a lot more coverage of the day's news on the WSJ's What's News podcast.
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