Markets Today: Dow Down, HD Rises, HIMS Sinks

By Gerelyn Terzo Updated Feb 25, 3:29PM EST · Published Feb 25, 10:24AM EST

Key Points

The Dow Jones Industrial Average has let early gains slip away.
Home Depot is a bright spot in the Dow after better-than-expected earnings.
Hims & Hers is a drag on weight loss drug oversupply concerns.

Live Updates

S&P's Losing Streak, Mag 7 Correction

Feb 25, 2025 at 3:29 PM EST | Gerelyn Terzo

The markets remain under pressure as of mid-afternoon, with the exception of the Dow Jones Industrial Average, which is managing slight gains, thanks to Home Depot. At the current pace, the S&P 500 is on track for its fourth consecutive day of declines. Consumer confidence staged its largest decline since the pandemic era, snarling any momentum stocks were showing early on.

Bloomberg’s Magnificent 7 Index has crossed over into correction territory, with a 10% drop from the most recent all-time highs. Nvidia’s (Nasdaq: NVDA | NVDA Price Prediction) widely anticipated earnings come out on Wednesday, as investor hopes for a shift in market sentiment oscillate.

Super Micro Computer (Nasdaq: SMCI) is facing a steep drop of nearly 10% on the day as the risk of a Nasdaq delisting remain. Today is the deadline for Super Micro to publish delayed earnings reports with the U.S. SEC.

Tesla is widening its losses today to a nearly 9% drop on reports the EV maker’s European sales have fallen by 45%.

In the chip sector, Advanced Micro Devices (Nasdaq: AMD) stock has fallen to 52-week low levels of $104. Industry peer Intel (Nasdaq: INTC) is down by 4.5%, with industry losses pressuring the Philadelphia Semiconductor Index to a 1.6% decline.

The oil price has declined to its lowest level of 2025 to under $69 per barrel on fears of an economic slowdown. In response, the Dow Jones U.S. Oil & Gas Total Stock Market Index is falling 1% on the day.

The market’s attempts at gains have been denied in the face of weaker consumer confidence in February than had been expected. The Dow Jones Industrial Average came out of the gate with gains, thanks to Home Depot (NYSE: HD), which is up 2.4% after beating Q4 earnings estimates. The Dow has since turned negative while both the S&P 500 and Nasdaq Composite never even touched on green so far today. The Nasdaq Composite is faring the worst, with a 1.5% drop.

Home Depot managed to beat consensus estimates on both the top and bottom lines. Home Depot’s Q4 EPS came in at $3.02, a penny higher than consensus, while revenue was $39.7 billion compared with Wall Street estimates of $39.16 billion. Home Depot issued a weaker outlook than expected, but that did not spook investors this time.

Hims & Hers (NYSE: HIMS) is a drag and is shaving nearly 25% off its value today to a market cap of $8.6 billion as fears of weight loss drug saturation overshadow better-than-expected quarterly results.

Bank of America threw water on market optimism after saying it is not factoring in any interest rate cuts in 2025.

Here’s a look at the performance as of morning trading:

Dow Jones Industrial Average: Down 43.08 (-0.10%)
Nasdaq Composite: Down 276.84 (-1.46%)
S&P 500: Down 42.77 (-0.71%)

Tech Trouble

Tesla (Nasdaq: TSLA) is losing 5% on the day while pressuring the Nasdaq Composite and the S&P 500. After reports that Tesla plans to release its fully self-driving software in China, the latest headlines are that the EV maker intends to acquire assets from bankrupt German automation supplier Manz.

While most of the Magnificent 7 stocks are under pressure today, Apple (Nasdaq: AAPL) has been positive but is struggling to hold onto its gains.

Nvidia (Nasdaq: NVDA) and Cisco (Nasdaq: CSCO) have reportedly extended a partnership designed to catapult AI further into the mainstream. Nvidia is on earnings watch with results due out on Wednesday.

Other Market Movers

Home Depot’s gains are buoying the housing stocks today, including D.R. Horton (NYSE: DHI) and Lennar (NYSE: LEN), each with 3% gains on the day.

Walmart (NYSE: WMT), which triggered the latest market sell-off amid concerns about the American consumer, is retaking some lost ground with a 1.5% gain on the day.

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About the Author Gerelyn Terzo →

Gerelyn Terzo is the author of dividend investing handbook "Dividend Investing Strategies: How to Have Your Cake & Eat It Too." A veteran financial journalist, she covers agri-finance for outlets like Global AgInvesting and the broader stock market and personal finance for 24/7 Wall Street. She began at CNBC and later helped launch Fox Business in New York. Gerelyn currently resides in Woodland Park, Colorado and dabbles in nature photography as a hobby.