Home Depot and Walmart shares slip after earnings guidance; Meta’s stock rises on trial of Facebook and Instagram subscription tiers

Credit Suisse shares slumped 5% after Reuters reported a Swiss regulatory probe into comments by its chairman, who said outflows had stopped when the bank later said they had continued.

Home Depot shares HD, -1.02% fell 3% as the home-improvement retailer reported weaker-than-estimated sales, guided for flat sales in 2023 and earmarked an additional $1 billion to pay its associates more.

JD.com shares JD, -2.00% slumped 8% as the Chinese online retailer was reported by the South China Morning Post to be launching a $1.5 billion program to compete against Pinduoduo owner PDD Holdings PDD, -3.48%.

Walmart shares WMT, +1.50% slipped 3% as the U.S. retailing giant beat on fourth-quarter earnings and sales while guiding for fiscal 2024 earnings per share that lagged consensus on sales growth of between 2.5% and 3%.