Articles by Daniel Marsh
SoFi Shares Tumble 7% Amid Inflation Jitters, Eyes on Fed and Jobs Data
SoFi Technologies shares dropped 7% to $17.76 Friday, pressured by hotter inflation data and shifting rate expectations. Traders now focus on upcoming U.S. jobs figures and the Federal Reserve's March policy meeting.
Morgan Stanley Plunges 6% as Inflation, Credit Fears Rattle Financials
Morgan Stanley shares tumbled 6.2% Friday, spearheading a decline in financial stocks amid persistent inflation worries and emerging credit anxieties. The broader market posted its worst monthly losses in a year.
GE Vernova Dips Amid Inflation, Fed Focus; Wind Project Risks Loom
GE Vernova stock declined slightly Friday as broader markets fell on higher-than-expected wholesale inflation. Investors are now focused on upcoming jobs data and Federal Reserve signals.
Analog Devices Gains Amid Inflation Jitters, Eyes CFO Remarks and Dividend
Analog Devices shares advanced Friday, outperforming some peers despite tech pressure from hot inflation data. The company's CFO is scheduled to speak March 3, which is also the record date for its newly raised quarterly dividend.
Merck Shares Rally on Keytruda-Welireg Kidney Cancer Data, Gardasil Job Cuts
Merck shares gained nearly 4% Friday following new clinical data for its Keytruda and Welireg combination in kidney cancer, alongside announced workforce reductions at a Gardasil vaccine facility.
Coca-Cola Gains on Mexico Investment Plan Amid Defensive Stock Shift
Coca-Cola shares advanced Friday following Mexico's announcement of a $6 billion company investment. Insider sales and a defensive market rotation provided additional context as traders await upcoming economic data.
Wells Fargo Leads Bank Selloff on UK Lender Collapse, Inflation Fears
Wells Fargo shares tumbled 5.62% Friday, leading a broad decline in U.S. bank stocks after the collapse of UK mortgage lender Market Financial Solutions raised credit exposure concerns, while hotter wholesale inflation dampened rate cut hopes.
GE Aerospace Navigates Oil Spike, Supply Chain Strains After Middle East Strikes
GE Aerospace stock edged higher Friday despite broader market declines, as U.S.-Israeli strikes on Iran roiled oil markets and supply chains. The aerospace giant faces a complex landscape of rising defense demand and potential airline sector pressure.
Procter & Gamble Shares Defy Market Slump as Investors Seek Safety
Procter & Gamble shares gained 2.1% on Friday, bucking a broader market decline as fresh inflation data spurred a rotation into defensive sectors like consumer staples.
Mastercard Gains as Inflation Data Delays Rate Cut Hopes
Mastercard shares advanced Friday, closing at $517.21, as a stronger-than-expected producer inflation print reduced near-term rate cut odds. Investors now await next week's U.S. employment report for direction.
Western Digital Insider Sale Draws Attention Ahead of Key March Events
Western Digital shares declined after an insider sale filing by its chief legal officer. Investor focus shifts to an upcoming Morgan Stanley conference and the stock's ex-dividend date.
American Express Plunges 7.9% as Inflation Fears Rattle Financial Sector
American Express shares tumbled nearly 8% on Friday, dragged down by a sector-wide retreat in financial stocks following higher-than-expected inflation data. Investors now brace for key employment and inflation reports next week.