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Happy Tuesday. This is TheStreet’s Stock Market Today for Feb. 10, 2025. You can follow the latest updates on the market here in our daily live blog.

Update: 4:00 p.m. ET

Closing Bell: Dow Sets New Record

The U.S. markets are now closed. The Dow treaded water to a small gain today, adding 0.10% in a small rise to 50,188.14; that’s its third consecutive closing record.

The Nasdaq (-0.59%), S&P 500(-0.33%), and Russell 2000 (-0.25%) were less lucky by contrast. All three indexes declined today, taking a bite out of yesterday’s gains.

Gilead Delivers Strong Results; Disappoints with Forecast

Gilead Sciences, the most valuable after market report, largely delivered on investor expectations by beating on sales and profit and raising its Q1 dividend by 3.8%.

Revenue came in at $7.9 billion, surpassing the $7.7 billion estimate. That was up 5% year-over-year. The strength came as a result of higher sales of the company’s HIV drugs, which have proven to be a cash cow for the company.

Adjusted earnings per share came in at $1.86 per share, ahead of the $1.81 expectation.

However, the firm fell 6% in after hours after its 2026 forecast fell came up short.

Robinhood Gets Repriced After Disappointing Results

In a sign of recent headaches for the retail trader, Robinhood reported disappointing earnings which came up short of estimates in its after market report.

The company’s revenues came in at $1.283 billion, missing the $1.34 billion expectation by about 4%. Revenues remained up 27% year-over-year.

On the other end of the results, the company’s earnings per share came in at $0.66, versus expectations of $0.64, a small beat. EPS declined year-over-year by 35%.

In reaction, the stock fell by over 7% in after hours, a sign that investors are increasingly skeptical of the recent S&P 500’s additions steep multiple.

Ford Expects Profit Comeback in 2026

Late last year, Ford was handed two massive inconveniences: a fire at a key supplier, plus an unexpected tariff bill. With that in the rear view, the automaker said in its after hour report that 2026 would look much brighter for the firm.

It forecast that next year, the company’s adjusted EBITDA will be between $8 billion and $10 billion. (Compare that with the $6.8 billion it reported in 2025 and the $8.86 billion expected in 2026 by analysts.)

Update: 11:55 a.m. ET

Midday Update

Approaching midday, stocks have turned around their mixed morning; an increasingly common sight over the last few trading sessions. At this moment, 61.2% (3,404) issues are advancing against 35.4% (1,971) in decline.

Affecting earlier moves, the Fed’s Hammack also added that the Fed was prepared to keep interest rates flat, saying that it’s in the “vicinity” of neutral and that the central bank could be “on hold” for awhile. The news pushed shares of major indexes down; the Dow (+0.42%) and Russell 2000 (+0.34%) dipped a little bit, while the S&P 500 (+0.05%) and Nasdaq (-0.14%) are little moved.

Midday Movers

That brings us to the Midday Movers, our daily list of the top and bottom 25 stocks in the U.S. markets with a market cap of at least $2 billion. You’ll notice many of today’s winners and losers are gapping up or down after earnings. Here’s the short:

Winners

Today’s strongest-performer is UniFirst, which has reportedly reentered takeover talks with Cintas, after months (and even years) of speculation about a tie-up between the two. It’s up 19.4% today.

GCM Grosvenor is next in line; up 16.7% today, the asset manager is jumping after announcing a larger buyback and debt prepayment plan after its earnings this morning, which saw the company raise $10.7 billion in the latest quarter.

Spotify Technology (+15.7%) and DataDog (+12%) are having a fantastic day after their respective earnings too. In fact, among software companies, Figma (+12%), Intapp (+7.2%), and RingCentral (+7.2%) are also doing fantastic in their own post-earnings.

Losers

Becton Dickinson & Co (-17.3%) is today’s worst-performance after being a top-three performer yesterday, with its stock falling after the firm issued a weak profit outlook for the year-ahead.

Also in the health care space, Medpace Holdings (-14.4%) isn’t far behind, with a great quarter overshadowed by declining growth and a miss on bookings.

Rounding out the top three, Goodyear Tire (-14%) is experiencing a decline of its own after posting its own negative earnings report.

You’ll also notice that Raymond James (-7.3%) and Charles Schwab (-6.02%), two asset giants, are also in decline. Their decline seems to be stemming from the launch of a new AI tool from Altruist for tax planning which can be whitelabeled for advisory practices. Jury’s out on whether this will be anything like last week’s software selloff.

Update: 10:42 a.m. ET

Consumer Credit Rose Despite Tepid Retail Sales

Although retail sales were flat month-over-month in the busy holiday season, growing just 2.4% year-over-year, lower than estimates from industry groups and private market analysts.

But zooming out from the month-to-month differences, there’s still a lot of evidence that Americans are living it up — even if it carries a balance. The New York Fed’s Quarterly Report on Household Debt and Credit in Q4 2025 showed that total credit card debt rose 3.6% to a record $1.28 trillion.

“Even as consumers spend thoughtfully around the holidays, Americans’ total credit card balances rose 3.6% in the fourth quarter,” Bankrate Principal Analyst Ted Rossman said. “In 2025, balances rose 5.5% year-over-year, slower than the previous three years.”

Rossman faults the K-shaped economy for the persistent slowdown in spending, with “upper-income households … powering the overall economy forward, but many middle- and lower-income households … feeling pretty tapped out.” He expects this downtrend to continue in the first reports of 2026, despite tailwinds like lower taxes.

A larger-than-expected tax refund for many Americans is also unlikely to help matters. The NY Fed’s survey showed a steep jump in severe student loan delinquencies, while credit card and auto loans saw more moderated rises.

Cumulatively, the rise in delinquencies — particularly in the mortgage industry — has been described as a “normalization” of conditions post-COVID.

Update: 9:30 a.m. ET

Opening Bell

The U.S. markets are now opened. Out of the gate, the Dow (+0.40%) and Russell 2000 (+0.26%) are leading the way, trailed by the S&P 500 (-0.00%) and Nasdaq (-0.08%), which are heading the opposite way this morning.

This morning’s tepid economic data has sent Treasurys lower, with the 10Y Treasury down about 4 bips to about 4.15%. Bets on rate cuts are once again rising after the Retail Sales, Imports/Exports, and Business Inventories reports this morning.

Heatmap: Dow

The Dow’s pop this morning puts the index at a new intraday high, up 0.40% and still climbing. Here’s a look at the index this morning:

A.M. Earnings Reactions

This morning saw a number of big earnings and reactions. As we mentioned earlier, Coca-Cola issued guidance which was largely in line, but is down about 2% at the moment. However, there are much bigger reactions.

Spotify Technology is soaring, seeing the steepest move to the upside, up 15.5% after strong earnings. It’s joined by DataDog in today’s double-digit earnings reactions.

On the other end of things, Xylem is down 9%, while S&P Global is down 7% after their respective reports.

In Other News

Paramount Skydance is making some moves today with a new $2.8 billion breakup fee for Warner Bros. Discovery, continuing its pestering over the firm’s deal with rival Netflix.

Update: 9:00 a.m. ET

A.M. Update

Good morning. Futures are slightly to the upside ahead of the market open this morning, little-moved by mixed economic data. Here is today’s A.M. Update, featuring today’s earnings and economic data to watch:

Earnings Today: Coca-Cola, Marriott, Robinhood

This morning, earnings from Coca-Cola, AstraZeneca, and S&P Global led up the earnings slate for today.

Coca-Cola’s shares fell after forecasting in-line growth, AstraZeneca teased its move into weight-loss drugs with talk of a new drug candidate, and S&P Global fell significantly on weak guidance.

That’s just a cropping of the big reports today. Here’s the list:

This evening, the earnings will continue to come with Gilead, Welltower, and Robinhood Markets, among others:

Economic Data + Events: Retail Sales, Export/Import Costs, Business Inventories

Some of today’s biggest reports are already out and influencing the markets. However, we still have a few more small reports, plus remarks from Fed leaders, slated for later today. Here’s the look: