The case is updated throughout the trading day
This is how it goes with the tone-setting indices around 8 p.m.:
- The S&P 500 falls 0.39 percent
- Nasdaq Composites is down 0.41 percent
- The Dow Jones falls 0.65 percent
On Wednesday, the New York Stock Exchange rose, driven by gains among the “Magnificant 7” shares. But according to Edward Jones strategist Angelo Kourkafas, one should not wait for the tech sector to take back the lead.
“The selling has been broad and indiscriminate, and in some cases valuations already reflect a significant degree of disruption risk compared to current fundamentals,” Kourkafas told CNBC.
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He added that while pessimism around tech is probably overblown, the outlook for the group “regaining sustainable leadership is doubtful” as the macroeconomic environment continues to favor cyclical stocks.
On Thursday, Klarna presented its quarterly figures for the fourth quarter of 2025. Revenues rose 38 percent to $1.08 billion compared to the previous year, which was marginally above analysts’ expectations, reports Bloomberg.
The stock plunged 25.79 percent on Wall Street on Thursday.
The reason is twofold: the company made a loss of 16 million dollars in the quarter, and the forecasts for the first quarter of 2026 disappointed. Klarna expects a turnover value of goods sold of between 32 and 33 billion dollars, while analysts had expected 33.4 billion, according to Bloomberg
Foto: Richard Drew / AP / NTB
Provisions for potential loan losses increased sharply – up 59 per cent from the previous year to USD 250 million. The background is that Klarna is building up a portfolio with longer credit loans, which require larger provisions.
– If we grow faster than expected, we also have to book more costs in advance and push the profit forward, CEO Sebastian Siemiatkowski said according to Bloomberg.
The company had 118 million active users in the quarter, and the number of active card users grew to 4.2 million – up 1.9 million from the previous quarter.
The US widened its trade deficit in December
The US trade deficit increased by 32.6 percent from November to December, according to the Bureau of Economic Analysis.
The country had a trade deficit of 70.3 billion dollars in December. In advance, a trade deficit of USD 55.5 billion was expected in December.
Exports fell by 1.7 percent to 287.3 billion dollars in December. Imports increased by 3.6 percent to 357.6 billion dollars.
Etsy sells Depop to eBay
Etsy shares are rising 11.31 percent after the company announced on Wednesday the sale of used clothing platform Depop to eBay for around $1.2 billion, reports CNBC.
It’s been almost five years since Etsy bought the UK-based app for $1.62 billion. Depop became popular among young consumers who wanted to buy and sell used clothes, shoes and accessories. Around 90 per cent of users are under 34 years of age.
“We’re excited that this deal allows us to focus solely on the exciting opportunity we see ahead of us: growing the Etsy marketplace in ways that matter most to our buyers and sellers,” Etsy CEO Kruti Patel Goyal said in a statement.
The sale is part of a larger clean-up. Etsy previously opted for a strategy of more niche marketplaces to compete with giants like Amazon. But the company has in recent years sold off several of its acquisitions, including Brazilian Elo7 in 2023 and the music equipment platform Reverb last year.
The agreement is expected to be finalized in the second quarter of this year.
The Ebay share rises 4.58 percent.
Walmart announces share buyback for 30 billion dollars (286.5 billion kroner), according to a presentation in connection with the fourth quarter.
According to Dow Jones, this program will replace a previous buyback program of $20 billion that was launched in 2022.
Walmart posted revenue of $190.7 billion in the fourth quarter, up from $180.6 billion in the same quarter a year earlier.
Profit before tax was $5.97 billion in the quarter, down from $6.96 billion in the fourth quarter of 2024.
At New Year’s, the Norwegian Oil Fund owned shares in Walmart worth around NOK 60 billion, or 0.67 per cent.
Walmart shares rise 0.039 percent.
