Articles by Daniel Marsh
Booking Holdings Investors Eye Key March Dates Following Quiet Session
Booking Holdings shares dipped slightly Friday, with investor focus shifting to a key CFO conference appearance on March 3 and the record date for its 25-for-1 stock split on March 6.
Goldman Sachs Tumbles 7.5% Amid Credit, Inflation Jitters
Goldman Sachs shares plunged 7.5% Friday, dragged down by a broad selloff in financial stocks fueled by renewed credit market concerns and disappointing inflation data. The focus now shifts to upcoming U.S. employment figures.
Lilly's Obesity Pill Data Sparks Stock Rebound, FDA Decision Looms
Eli Lilly shares gained nearly 3% to $1,051.99, ending a three-day decline. The move follows new clinical data for its oral obesity treatment, with a key FDA verdict anticipated next month.
JPMorgan Stock Dips Amid Credit Market Concerns and Jobs Data Focus
JPMorgan Chase shares declined 1.9% to $300.30 Friday, pressured by broad banking sector weakness following a UK mortgage lender's failure. Attention now turns to the upcoming U.S. employment data for March.
Vertiv Shares Retreat Amid Broader Tech Sell-Off, AI Valuation Concerns
Vertiv Holdings Co shares declined 2.9% on Thursday, pulling back from an all-time high as the Nasdaq Composite fell 1.3%. The drop occurred amid renewed investor focus on stretched technology sector valuations.
Mortgage Rates Dip Below 6% Threshold, Yet Housing Stocks Face Persistent Headwinds
The average 30-year fixed mortgage rate declined to 5.98% this week, marking its first sub-6% reading since 2022. Despite the favorable rate move, major housing equities sold off sharply as broader market concerns and sector-specific challenges weighed on sentiment.
Indian Markets Stagnate Ahead of Key GDP Revision; IT Sector Slumps
Indian equity benchmarks ended nearly unchanged on Thursday, with the Nifty 50 edging up 0.06% to 25,496.55. Investor focus shifts to Friday's revised GDP figures and a critical base-year update.
Netflix Shares Gain Amid Warner Bid Battle, Regulatory Scrutiny
Netflix shares advanced Thursday, extending gains as investors assess a competitive bidding war for Warner Bros Discovery assets against Paramount. Regulatory and political scrutiny mounts ahead of a key shareholder vote.
Broadcom Shares Slide as Chip Sector Stumbles Post-Nvidia Report
Broadcom shares dropped 6.8% in early trading, tracking a broader chip stock decline after Nvidia's earnings failed to lift the sector. The company has outlined a 2027 target for 3D stacked chips.