Mar. 6 at 8:50 PM
Stocks fell Friday after the U.S. unexpectedly lost 92,000 jobs in February and oil prices climbed above
$90 per barrel.
Marvell Technology surged 21% after beating Q4 earnings estimates and issuing strong guidance driven by AI demand. Gap dropped 14% after missing earnings expectations and reporting weak sales at its Athleta brand. Corning declined about 7% for a second day after comments from Broadcom’s CEO questioning the near-term shift from copper to fiber in data centers. Trade Desk slipped about 2% after its previous 20% jump tied to reports of a potential OpenAI partnership, as Wedbush downgraded the stock.
Airline stocks fell as fuel costs rose, with United Airlines, Delta Air Lines, Southwest Airlines, and American Airlines all declining. Asset managers also dropped after BlackRock capped withdrawals from a private-credit fund, pulling down Ares Management, KKR, and Blackstone.
$MRVL $GAP $GLW $TTD $UAL