WSJ Your Money Briefing What’s News in Markets: Walmart Slumps, Omnicom Rallies, Moderna Comeback
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Feb 21, 2026 A quick tour of the week's biggest stock movers and why they shifted. Discussion of a retail giant beating sales but cutting guidance and its surprise share drop. Coverage of a marketing firm boosting results with deep cost cuts and a sharp rally. A biotech rebound after a regulatory reversal that prompts renewed investor interest.
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Market Rotation Toward Tech Growth
- Investors rotated out of consumer-staples safe havens and back into tech and communication services this week.
- The S&P sectors show renewed confidence in growth amid AI-driven optimism.
Tariff Ruling Largely Priced In
- The Supreme Court struck down President Trump's global tariffs, and stocks rose modestly on the news.
- Analysts noted the ruling was largely expected and markets had already priced in much of the impact.
Walmart's Win Turns Risky
- Walmart reported strong sales yet lost the top revenue spot to Amazon and gave conservative guidance.
- Heavy prior gains made Walmart's stock vulnerable, and shares fell 8% on investor disappointment.