Articles by Daniel Marsh
Oil Spike, Rate Fears Drive Sharp Selloff; Target Gains on Earnings
Major U.S. equity indices fell sharply Tuesday, pressured by a surge in oil prices and rising Treasury yields that dampened expectations for near-term Federal Reserve rate cuts. Retailer Target posted gains following its quarterly report.
Mortgage Rates Climb, Pressuring Lender and Homebuilder Stocks
Mortgage rates increased on Tuesday, with the 30-year fixed rate reaching 6.15%. Major mortgage lenders and homebuilder ETFs declined as rising Treasury yields weighed on the sector.
NRG Energy Shares Drop on LS Power's $2.35 Billion Secondary Offering
NRG Energy shares declined sharply after LS Power affiliates priced a large secondary stock offering at a discount. The company plans a concurrent $300 million share buyback from the sellers.
Western Digital Leads Tech Rout as Oil Spike Sparks Inflation Fears
Western Digital shares tumbled roughly 6% on Tuesday, leading a decline in data storage stocks as a spike in oil prices fueled inflation concerns and rattled the broader market. A regulatory filing also showed a planned insider sale.
Intel Shares Tumble Amid Oil Price Surge, Tech Sector Under Pressure
Intel shares dropped 4.8% to $43.34 Tuesday as escalating oil prices and geopolitical concerns triggered a risk-off move across technology stocks. The decline occurred despite new AI-6G partnership announcements at Mobile World Congress.
Apple Shares Dip Amid Market Sell-Off Despite New iPhone and MacBook Launches
Apple shares declined almost 1% to $262.17, with a market-wide risk-off mood driven by surging oil prices eclipsing its latest product announcements. New devices are available for preorder starting March 4.
AMD Shares Drop Amid Tech Selloff as Geopolitical Tensions Weigh
Advanced Micro Devices shares declined 4.8% to $189.16 during Tuesday's session, leading a semiconductor sector selloff. The broader market dropped as investors reacted to escalating Middle East tensions and energy price pressures.
Institutional Investors Boost QQQ Holdings Amid Market Volatility
Three wealth managers expanded positions in the Invesco QQQ Trust during Q3, regulatory filings show, even as the tech-heavy ETF declined with broader markets on Tuesday.
Micron Shares Slide Amid Oil Spike, Tech Rout Overshadows New AI Memory
Micron Technology shares dropped more than 6% Tuesday as a sharp rise in oil prices triggered a broad risk-off move in markets, pressuring chip stocks. The decline came even as Micron announced customer samples of a new high-density, power-efficient memory module designed for AI servers.