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S&P 500 Gains and Losses Today: Deere Shares Slide After Reduced Profit Outlook

The S&P 500 gained 0.6% on Thursday, Feb. 15,2024, despite a report showing a sharper-than-anticipated decline in retail sales in January.
Shares of Wells Fargo soared after U.S. regulators lifted some of the restrictions placed on the bank related to its improper sales practices.
Farm and construction equipment maker Deere & Co. lowered its profit outlook for 2024, and its shares tumbled.

Read more about what moved the markets today

Deere Stock Slides After an Earnings Beat—Here's Why

Deere shares lost ground Thursday after the agricultural equipment maker lowered its full-year guidance in anticipation of customers holding off on replenishing their fleets.

January's Retail Sales Slump Raises Questions About US Consumer Strength

U.S. retail sales in January slumped by 0.8%, breaking a trend of unexpected consumer strength, with building materials and motor vehicles leading the declines.

Stellantis Surges After Reporting Record Revenue and Announcing $3.2B Buyback

Stellantis shares jumped Thursday after the automaker reported record high revenue and profit for 2023, and announced a $3.2 billion buyback program.

Shake Shack Stock Jumps 26% on Strong Earnings, Outlook

Shake Shack Inc. posted better-than-expected earnings results and a strong outlook for this year, sending shares soaring 26% Thursday.

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