Market Breadth & WMT Earnings Weigh on SPX, Quantum Stock "Apex"
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The SPX started the trading day lower, influenced by Walmart's (WMT) post-earnings selling action. Kevin Green suggests a $6,200 SPX resistance level.
February 20, 2025 | 3:30 pm
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Walmart's post-earnings selling action contributed to a lower opening for the SPX, indicating potential short-term pressure on WMT's stock price.
Walmart's earnings results led to selling action, which contributed to the SPX opening lower. This suggests that investors reacted negatively to the earnings, potentially leading to short-term downward pressure on WMT's stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80