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What Moved Markets This Week

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⚡ Quantum Brief
The U.S. Supreme Court ruled 6-3 to strike down Trump-era tariffs, limiting presidential emergency authority to impose trade levies without congressional approval, easing market concerns over policy uncertainty. U.S. GDP growth slowed sharply to 1.4% in Q4 2025, missing expectations of 2.8% and marking a steep decline from Q3’s 4.4%, signaling economic cooling and prompting investor reassessment of growth outlooks. Walmart’s mixed Q4 earnings, covering holiday sales, drove volatility as analysts scrutinized consumer spending trends, with its performance serving as a bellwether for broader retail and household financial health. Major indices closed higher: S&P 500 (+1.1%), Nasdaq (+1.5%), and Dow (+0.3%), with tech and discretionary sectors leading gains, while staples and utilities lagged amid shifting growth and policy expectations. Commodities saw oil surge 5.6% to $66.24, gold rise to $5,080.90, and crypto decline, with Bitcoin down 2.5%, reflecting mixed risk sentiment and macroeconomic crosscurrents.
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Wall Street Breakfast5.74M FollowersSubscribe5ShareSavePlay(6min)Comment(1) Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Spotify. Douglas Rissing/iStock via Getty Images Seeking Alpha News Quiz Up for a challenge? Test your knowledge on the biggest events in the investing world over the past week. Take the latest Seeking Alpha News Quiz and see how you stack up against the competition. Wall Street ended the week higher as investors navigated a flurry of economic data points, corporate earnings, and a major legal development in Washington. After bouts of volatility earlier in the week, equities stabilized into Friday’s close, with market participants reassessing growth expectations and policy risk.A key catalyst arrived from the nation’s highest court. In a 6-3 ruling, the U.S. Supreme Court struck down tariffs imposed by President Donald Trump, curbing the administration’s use of emergency authority to impose sweeping trade levies without explicit congressional approval.On the economic front, growth showed clear signs of cooling. The Bureau of Economic Analysis reported that U.S. GDP expanded at a 1.4% annualized pace in the fourth quarter of 2025, well below the prior quarter’s 4.4% rate and under consensus expectations of 2.8%.Corporate earnings also shaped sentiment. Shares of Walmart (WMT) fluctuated as investors weighed the retailer’s fourth-quarter results, which covered the critical holiday shopping season. Given Walmart’s scale and consumer exposure, its performance was closely watched for signals on household spending trends.For the week, the S&P (SP500) gained +1.1%, while the tech-heavy Nasdaq Composite (COMP:IND) moved up +1.5%, and the blue-chip Dow (DJI) advanced +0.3%. Read a preview of next week's major events in Seeking Alpha's Catalyst Watch. Seeking Alpha's Calls Of The Week Snowflake (SNOW) Stands Apart From SaaSpocalypse Fears.Kraft Heinz (KHC): Looks Like Berkshire Got Its Wish.Enbridge (ENB): Valued Like An AI Tech Company.Transocean (RIG) And Valaris (VAL) Are Making A Great Move By Joining Forces.Chipotle (CMG): A Tough Hill To Climb, No Growth Expected In 2026.Micron (MU) Is Priced To Perfection In A Non-Perfect Market.Adobe (ADBE) Looks Interesting At 7-Year Low.Uber (UBER): Valuation Gap Creates A Massive Opportunity.Arista Networks (ANET): Expect Growth To Pick Up In The Second Half Of 2026.Broadcom (AVGO): Why AI Vibe-Coding Is Not A Threat To Its Infrastructure Software Segment. Weekly Movement U.S. IndicesDow +0.3% to 49,626. S&P 500 +1.1% to 6,910. Nasdaq +1.5% to 22,886. Russell 2000 +0.7% to 2,664. CBOE Volatility Index -7.3% to 19.09. S&P 500 SectorsConsumer Staples -2.3%. Utilities -0.5%. Financials +1.6%. Telecom +2.3%. Healthcare -0.6%. Industrials +1.7%. Information Technology +1.5%. Materials -0.3%. Energy +0.5%. Consumer Discretionary +1.7%. Real Estate -0.3%. World IndicesLondon +2.3% to 10,687. France +2.5% to 8,515. Germany +1.4% to 25,261. Japan -0.2% to 56,826. China flat at 4,082. Hong Kong -0.6% to 26,413. India +0.2% to 82,815. Commodities and BondsCrude Oil WTI +5.6% to $66.24/bbl. Gold +0.7% to $5,080.9/oz. Natural Gas -6% to 3.047. Ten-Year Bond Yield -0.2 bps to 4.085. Forex and CryptosEUR/USD -0.73%. USD/JPY +1.55%. GBP/USD -1.21%. Bitcoin -2.5%. Litecoin -1.3%. Ethereum -5.7%. XRP -5.2%. Top S&P 500 GainersModerna (MRNA) +24%. Omnicom Group (OMC) +24%. Garmin (GRMN) +22%.

Texas Pacific Land (TPL) +22%. Coinbase Global (COIN) +21%. Top S&P 500 LosersGenuine Parts (GPC) -20%. Pool (POOL) -18%. EPAM Systems (EPAM) -15%. Expedia Group (EXPE) -10%. Akamai Technologies (AKAM) -10%. Where will the markets be headed next week? Current trends and ideas? Add your thoughts to the comments section. This article was written byWall Street Breakfast5.74M FollowersSubscribeWall Street Breakfast, Seeking Alpha's flagship daily business newsletter, is a one-page summary that gives you a rapid overview of the day's key financial news. It is designed for easy readability on the site or by email (including mobile devices) and is published before 7:30 AM ET every market day.

Wall Street Breakfast's readership of more than 1 million subscribers includes many from the investment banking and fund management industries. Sign up here to receive the Wall Street Breakfast in your inbox every business day.

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