Articles by Daniel Marsh
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.
Celldex Shares Pull Back After Barzolvolimab Enrollment Milestone
Celldex Therapeutics shares retreated about 4% in premarket trading Thursday, giving back some of the prior session's 24% surge. The biotech completed patient enrollment for two key Phase 3 studies of its mast cell inhibitor barzolvolimab six months early.
Palantir Shares Gain Amid Insider Sales, AI Sector Scrutiny
Palantir Technologies shares advanced over 4% Wednesday, closing at $134.19, as the market parsed recent insider transactions and broader sentiment toward AI-focused software names.
Exxon Shares Slip as Oil Volatility, Broader Market Moves Set Tone
Exxon Mobil shares declined 2.44% to $147.28, underperforming peers as oil prices fluctuated. The broader market rose following a Supreme Court decision on tariffs.
Alphabet Shares Surge on Trade Ruling, Cloud Growth, and Aggressive AI Spending
Alphabet's Class C shares gained 3.7% Friday, closing at $314.90, following a Supreme Court decision that removed Trump-era global tariffs. The company also revealed plans to significantly increase capital expenditures to support AI and cloud infrastructure.
Amazon Rises on Tariff Ruling; AWS Incident, Economic Data in Focus
Amazon shares climbed 2.6% to $210.11 following a Supreme Court decision striking down former President Trump's broad tariffs. The ruling sparked market gains but was quickly followed by a new 10% temporary tariff order.
Nike Stock Volatile After Supreme Court Tariff Ruling; Earnings Loom
Nike stock closed slightly lower after an 8% intraday swing following a Supreme Court tariff ruling. Investors now focus on a new 10% global tariff effective Tuesday and the company's upcoming March 19 earnings report.
Argentina's Merval Extends Rally on Labor Reform Progress, Trade Surplus
Argentina's benchmark Merval index climbed 1.2% Friday, capping a two-day 5.5% rally. The advance followed legislative progress on labor reform and a strong January trade surplus of $1.99 billion.
NGX Group Shares Steady Ahead of Key Board Meeting on 2025 Results
NGX Group shares closed unchanged at ₦122.00 on Friday, with market focus shifting to the upcoming board meeting to review 2025 audited financial statements. The NGX All-Share Index posted a strong weekly gain of 6.95%.