<div id="readability-page-1" class="page"><div id="blog-content"><img height="334" src="https://imageproxy.pbkrs.com/https://images.unsplash.com/photo-1612178991541-b48cc8e92a4d/query-YXV0bz1mb3JtYXQmZml0PWNyb3AmaXhpZD1NWHd4TWpBM2ZEQjhNSHh3YUc5MGJ5MXdZV2RsZkh4OGZHVnVmREI4Zkh3PSZpeGxpYj1yYi0xLjIuMSZxPTgwJnc9MTAwMA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="500" original-src="https://imageproxy.pbkrs.com/https://images.unsplash.com/photo-1612178991541-b48cc8e92a4d/query-YXV0bz1mb3JtYXQmZml0PWNyb3AmaXhpZD1NWHd4TWpBM2ZEQjhNSHh3YUc5MGJ5MXdZV2RsZkh4OGZHVnVmREI4Zkh3PSZpeGxpYj1yYi0xLjIuMSZxPTgwJnc9MTAwMA"/>Image Source: Unsplash A funny thing happened on the way to the stock market rally: confidence in economic strength began to sharply erode upon the worst Existing Home Sales report in four years. This seemed to generate a drop in bond yields, which led to a general “needle-scratch” across trading as of mid-morning. The Dow skidded -669 points, -1.34%, the S&amp;P 500 -108, -1.57%, the Nasdaq -469, -2.03% and the small-cap Russell 2000 fell -53 points, -2.01%.AI disruptions were front and center, easily spotted in commercial real estate giants like CBRE (CBRE - Free Report) and Jones Lang LaSalle (JLL - Free Report), down -8.8% and -7.5% today, respectively. Software remains a perceived target of AI’s ascendance, seen clearly in AppLovin’s (APP - Free Report) -19% drop today, even after beating on earnings yesterday. Ultimately, today’s selloff is borne from uncertainty, as investors continue to reassess how AI can be expected to transform the economy — employment included.Existing Home Sales melted down from a 12-month high 4.27 million seasonally adjusted, annualized units to 3.91 million in January, the biggest one-month drop, -8.4%, since February of 2022. The chief economist at the National Association of Realtors stated that “affordability conditions are improving,” and an exceptionally cold month likely played some role here.<h3> Q4 Earnings Extravaganza After the Close: EXPE, ABNB, COIN, ROKU &amp; More </h3>Expedia (EXPE - Free Report) outperformed expectations in its Q4 report this afternoon, but shares continue to sell off in late trading. Earnings of $3.78 per share were nicely ahead of the $3.46 in the Zacks consensus for the travel booking company’s third-straight beat, while revenues of $3.55 billion came in ahead of expectations and representing +11% year over year growth. Q4 bookings, Adjusted EBITDA and Business-to-Business all came in higher than expected. But overall trading is a little haunted right now, so shares are down -3% in the after-market.One notable exception to this is Zacks Rank #1 (Strong Buy)-rated Roku (ROKU - Free Report), which came in well above estimates on both top and bottom lines: earnings of 53 cents per share zipped past the 28 cents anticipated on $1.39 billion in revenues, ahead of the $1.35 billion in the Zacks consensus. Shares immediately gained +19% on the news, but have since tamed somewhat.Airbnb (ABNB - Free Report) missed earnings expectations by a solid dime to $0.56 per share, but that was due to a one-time tax expense for the quarter. Revenues came in at $2.78 billion, ahead of the $2.72 billion analysts were looking for. This was the 20th quarter in the last 21 that Airbnb has come out ahead on revenues. The full-year guide was also higher.Coinbase (COIN - Free Report) endured a rough quarter with the loss of value to Bitcoin and other crypto, but the company’s -$2.49 per share for Q4 we do not believe to be comparable with the +$0.61 expected, though revenues also missed projections: $1.78 billion versus $1.82 billion in the Zacks consensus. Transaction revenues and subscriptions were both light of expectations.Zacks Rank #2 (Buy)-rated Applied Materials (AMAT - Free Report), on the other hand, had a healthy fiscal Q3, with earnings of $2.38 per share on revenues of $7.01 billion surpassing the $2.19 per share and $6.89 billion anticipated. Semiconductor equipment sales are expected to boom for the company in this 2026 AI build-out. Shares are up +13% in after-hours trading.EV maker Rivian (RIVN - Free Report) also posted Q4 beats on both top and bottom lines, with -$0.54 per share an improvement over the -$0.69 expected, with $1.29 billion in revenues coming in, compared with $1.26 billion analysts were looking for. Even with the EV tax credit abolished, Rivian expects to deliver between 62K-67K vehicles in 2026, with the new R2 expected in Q2 of this year. Shares are up +16% on that news.<hr/>More By This Author:Market Indexes Scuba Dive On &#34;Risk-Off&#34; Fears Rotation Trade A Boon For Dow 30 Today Markets Rotate Back Out Of Tech, Q4 Earnings After The Close </div></div>

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The stock market experienced significant declines, with the Dow dropping 669 points (-1.34%) and the S&P 500 falling 108 points (-1.57%) amid concerns over economic strength following a poor Existing Home Sales report. AI-related stocks, including CBRE and AppLovin, saw notable losses. Despite strong earnings from companies like Expedia and Roku, market uncertainty led to sell-offs. Airbnb missed earnings expectations, while Coinbase reported a loss. Applied Materials and Rivian posted strong results, with shares rising in after-hours trading. Overall, investor sentiment remains cautious due to AI's impact on the economy.

AI Uncertainty Melts Away Market Gains