Wall Street traded down after investors adjusted to rising possibilities of slower and fewer rate cuts in 2025. Walmart estimated annual revenue growth to slow in the current fiscal year. In Europe, Airbus, Renault, Mercedes-Benz Group, and Carrefour confirmed a challenging business environment. Japan's indexes dropped amid tariff threats.
Wall Street indexes hovered near record highs, and investors remained positive amid a strong macroeconomic backdrop and labor market conditions. New construction data for January delivered a mixed view on the housing market, and building permits edged up, but starts plunged from the previous month.
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