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U.S. stocks fell Thursday morning, with the S&P 500 down 0.8%, the Dow Jones Industrial Average off 1.2%, and the Nasdaq 0.8% lower at about 11:10 a.m. in New York. Initial jobless claims rose by 5,000 in the week ended Feb. 15 to a seasonally adjusted total of 219,000, slightly higher than expected.
Here are stocks to watch today.
Alibaba
Alibaba (BABA+9.39%) stock surged after posting strong earnings, driven by its AI-powered strategies.
Block
Block XYZ-1.27% will release its quarterly earnings report after the market closes.
Cruise Lines
Carnival (CCL-7.21%), Norwegian Cruise Lines (NCLH-6.85%) and Royal Caribbean (RCL-9.17%) shares all declined after U.K. media reported that the number of norovirus patients in English hospitals jumped 22% last week to an all-time high. On Friday, a cruise ship carrying 169 people with the viral disease docked in Florida, NewsNation reported.
Hasbro
Hasbro (HAS+10.79%) stock jumped after the company unveiled a plan that aims to cut $1 billion in costs through 2027 while achieving “mid-single-digit” sales growth. It will focus on brands with growth potential, girls, emerging markets, and video games.
Meta
Meta’s (META-0.72%) recent 20-day rally has propelled the shares to a level where investors may start calling for a stock split, Bloomberg reported. It’s the only member of the Magnificent Seven never to have split its stock.
Palantir
Palantir stock (PLTR-11.61%) declined on a plan by the CEO to sell up to 10 million new shares over the next six months amid concerns about lower defense spending.
Walmart
Walmart stock (WMT-6.21%) fell after the retailer issued disappointing guidance, forecasting sales growth of 3%-4% for the current fiscal year.
—Joshua Fellman and William Gavin contributed to this article.