☀️ Good Morning! ☀️ Thursday brought a surprise surge in stocks, with the S&P 500 hitting a new all-time high, defying concerns raised by lackluster retail sales data, hinting at a less than smooth economic slowdown in the U.S. 📈 Another day in the green, the S&P 500 rose by 0.58%, the Dow Jones showed a slight dip of 0.91%, and the Nasdaq, after a shaky start, managed to turn the tide, closing up 0.30%. 🚗 Stellantis (STLA), overseeing brands like Chrysler and Fiat, unveiled its full-year financial results, prompting a stock price climb. Despite cautioning about upcoming instability, key figures include revenue matching expectations at $204 billion, a 7% global delivery increase, and adjusted net income surpassing expectations at $20.04 billion. 💸 Stellantis plans a share repurchase of 3 billion euros ($3.2 billion) and declared a 1.55 euros ($1.67) per share dividend, marking a 16% increase from the previous year. Despite strikes impacting last year's earnings, Stellantis is better positioned than competitors Ford (F) and GM (GM) due to its ability to set higher prices. 🎮 In the gaming world, Microsoft’s (MSFT) Xbox is breaking barriers by making formerly exclusive titles available on Sony’s PlayStation and Nintendo’s Switch. This move, however, sparked concerns among Xbox enthusiasts about the fate of the gaming brand. 🕹️ Xbox Chief Phil Spencer announced four games, including Hi-Fi Rush and Pentiment, heading to other platforms. While some fear the downfall of the gaming brand, Xbox Studio head Matt Booty clarified that Microsoft’s Xbox Game Pass subscription program won't extend to other platforms. 💡 Why does Xbox Game Pass matter? With 34 million subscribers on PC and Xbox combined, Game Pass has become a gaming subscription powerhouse, even as Microsoft expands the reach of its exclusive titles. 🌐🎮 #EdgarDailyMarketMusings #MarketUpdate #Stellantis #XboxExpansion 📊💚
