News
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Nasdaq confirms correction as tariff worries weigh
March 6 (Reuters) - The Nasdaq Composite .IXIC confirmed on Thursday it has been in a correction since peaking last December, with losses fueled by worries about global trade and the pricey valuations of Wall Street's AI heavyweights. With Thursday's 2.6% decline, the index was down a total...Reuters
Thu, Mar 6
US STOCKS-Nasdaq confirms correction amid US trade policy uncertainty
Tesla drops after bearish brokerage view, report saysKroger rises on upbeat annual sales forecastWeekly jobless claims stand at 221,000By Johann M Cherian, Sukriti Gupta and Chibuike Oguh NEW YORK, March 6 (Reuters) - Wall Street stocks finished lower on Thursday, with the Nasdaq confirming it ha...Reuters
Thu, Mar 6
GLOBAL MARKETS-Stocks drop, dollar weakens as latest Trump tariff news weighed
Bund yields edge higher again after biggest jump since 1990sEuro hits new 4-month high after ECB newsU.S. stocks sharply lower in afternoon tradingBy Caroline Valetkevitch NEW YORK, March 6 (Reuters) - Stock indexes fell sharply in volatile trading Thursday as investors took in the latest ann...Reuters
Thu, Mar 6
Why Broadcom Stock Is Sinking Today
Broadcom (NASDAQ: AVGO) stock is losing ground today. The company's share price was down 5.8% as of 2:30 p.m. ET. Meanwhile, the S&P 500 index was down 2% at the same point in the day's trading, and the Nasdaq Composite index was down 2%.Artificial intelligence (AI) and semiconductor stocks are gett...The Motley Fool
Thu, Mar 6
EMERGING MARKETS-Mexican peso gains after temporary U.S. tariff exemption; global bonds slump
Mexico wins tariff relief for one month EM debt swept up in global bonds' selloffChile's peso hits five-month highLatam stocks up 0.9%, FX adds 1.2%By Shashwat Chauhan and Purvi Agarwal March 6 (Reuters) - The Mexican peso led gains among Latin American currencies on Thursday as investors...Reuters
Thu, Mar 6
QUOTES-Wall Street sells off as tariff policy, tech concerns mount
NEW YORK, March 6 (Reuters) - Major U.S. stock indexes declined sharply on Thursday with investors concerned about the impact President Donald Trump's trade policy may have on companies and the broader economy, while Marvell Technology's MRVL.O revenue forecast sparked concerns about spendin...Reuters
Thu, Mar 6
Tidewater Renewables up after Canadian border agency initiates trade remedy investigation
** Shares of renewable fuel company Tidewater Renewables LCFS.TO rise 13.7% to $2.16** Company says Canada Border Services Agency has formally initiated a countervailing (anti-subsidy) and anti-dumping duty investigation into imports of renewable diesel from the U.S.** Adds that the investigation fo...Reuters
Thu, Mar 6
Status of Vertex's painkiller on UnitedHealth lists poses modest challenge, BMO says
** Brokerage BMO Capital Markets says the inclusion of Vertex's VRTX.O non-opioid painkiller in tier 3 on two of insurer UnitedHealth's UNH.N approved drug lists is a modest headwind** The tier 3 designation is reserved for "non-preferred" brand-name drugs that may have lower-cost op...Reuters
Thu, Mar 6
Female founders drive Australia's small business growth, new GoDaddy data shows ahead of International Women's Day
Ahead of International Women's Day (8th March 2025), GoDaddy has revealed new data which highlights the impact of female founders on Australia's small business economy Over two fifths (44%) of small businesses with 0-9 employees in Australia are run by women, and over one in four female founders a...PR Newswire
Thu, Mar 6
Citi expects CAR Group's North America business to slow down in second half of FY25
** Analysts at Citi expect Australia-based CAR Group's CAR.AX digital marketplace business Trader Interactive to slow down by 8% in the second half of fiscal 2025** Trader Interactive is a digital marketplace that connects buyers and sellers in North America** CAR, which works as an online marke...Reuters
Thu, Mar 6
US STOCKS-Nasdaq on course for correction amid US trade policy uncertainty
Tesla drops after bearish brokerage view, report saysKroger rises on upbeat annual sales forecastWeekly jobless claims stand at 221,000Indexes off: Dow -1.35%, S&P 500 -2.15%, Nasdaq -2.99%By Johann M Cherian, Sukriti Gupta and Chibuike Oguh March 6 (Reuters) - Wall Street stocks were lower o...Reuters
Thu, Mar 6
QUOTES-Wall Street sells off as tariff policy, tech concerns mount
NEW YORK, March 6 (Reuters) - Major U.S. stock indexes declined sharply on Thursday with investors concerned about the impact President Donald Trump's trade policy may have on companies and the broader economy, while Marvell Technology's MRVL.O revenue forecast sparked concerns about spe...Reuters
Thu, Mar 6
Forge Global slumps after Q4 revenue miss
** Shares of private market platform Forge Global FRGE.N plunge as much 21.1%, last down 16.8% at $0.68** Late Wednesday, FRGE reported Q4 revenue below Wall Street expectations for the second consecutive quarter** J.P. Morgan says there is considerable work ahead before FRGE can reach adjusted EBIT...Reuters
Thu, Mar 6
LandBridge Co LLC reports results for the quarter ended December 31 - Earnings Summary
LandBridge Co LLC LB.N reported quarterly adjusted earnings of 18 cents per share for the quarter ended December 31. The mean expectation of eight analysts for the quarter was for earnings of 32 cents per share. Wall Street expected results to range from 29 cents to 38 cents per share.Revenue was...Reuters
Thu, Mar 6
Why Deckers Stock Had a 21% Pullback in February
Shares of shoe company Deckers Outdoor (NYSE: DECK) pulled back 21.4% during February, according to data provided by S&P Global Market Intelligence. The company reported financial results right at the end of January, which started the decline. And this fall merely carried over into the new month as ...The Motley Fool
Thu, Mar 6
Intuitive Machines' shares fall; Athena lander on the moon, but health unclear
** Intuitive Machines' shares LUNR.O fall 17.7% to $11.62** LUNR says Athena lander "is on the surface of the Moon" but spacecraft's health, orientation remains unclear** Co to hold press conference at 3 pm CT** Austin-based Firefly Aerospace this month celebrated a clean touchdown o...Reuters
Thu, Mar 6
LIVE MARKETS-Growth scare more like a "temporary air pocket" says WFII
Main US indexes slide; Nasdaq down >2.5%S&P 500 tests 200-DMA; Nasdaq flirts with correctionAll S&P 500 sectors red; Cons Disc weakest groupDollar, crude ~flat; gold slips; bitcoin down >2%US 10-Year Treasury yield edges up to ~4.28%Welcome to the home for real-time coverage of markets...Reuters
Thu, Mar 6
U.S. STOCKS ON THE MOVE-Fastenal, Target Hospitality , Encore Capital
The Day Ahead newsletter: https://refini.tv/3LI4BU7The Morning News Call newsletter: https://refini.tv/3dKUyB8Wall Street's main indexes traded off session lows on Thursday after a cabinet official hinted that the U.S. could take a softer stance on tariffs, while chip stocks declined as investor...Reuters
Thu, Mar 6
BJ's Wholesale Club rises on quarterly results beat
** Shares of warehouse club chain BJ's Wholesale Club BJ.N up 12.3% at $112.41** Company posts a Q4 membership fee income increase of 7.9% from a year ago at $117 million, compared to analysts' expectations of $116 million, according to data compiled by LSEG** Reports Q4 comparable club sale...Reuters
Thu, Mar 6
Intuitive Machines' shares fall; co yet to ascertain health of Athena lander
** Intuitive Machines' shares LUNR.O fall 16.4% to $11.77** LUNR says Athena lander "is on the surface of the Moon" but spacecraft's health, orientation remains unclear** Co to hold press conference at 3 pm CT ** Austin-based Firefly Aerospace this month celebrated a clean tou...Reuters
Thu, Mar 6
