?? Meta's New GIANT AI

S&P 500 5,105.81 +27.16 (+0.53%)

Dow Jones 38,668.03 +82.84 (+0.21%)

NASDAQ 16,031.54 +91.96 (+0.58%)

Market close: March 6, 2024

Breaking News

Meta is building a giant AI model to power its ‘entire video ecosystem’. CNBC reports.

The Warm UpTarget shares popped more than 12% as the retailer boosts profits, despite a lackluster sales forecast. CNBC reports.

Facebook and Instagram went down for thousands of users on Tuesday. CNN reports.

The Dodge Charger will live on as a new EV and a gas-powered muscle car. CNBC reports.

Starbucks Middle East franchisee will cut over 2,000 jobs. Reuters reports.

Electronic Arts is cancelling an upcoming Star Wars game and will lay off 5% of its employees. BBC reports.

Four astronauts blast off to International Space Station on a SpaceX rocket. CNBC reports.

Tech Thursday:

Europe's Digital Markets Act is forcing tech giants to make changes. Here's what that will look like.

Europeans scrolling their phones and computers this week will get new choices for default browsers and search engines, where to download iPhone apps and how their personal online data is used. They're part of changes required under the Digital Markets Act, a set of European Union regulations that six tech companies classed as “gatekeepers” — Amazon, Apple, Google parent Alphabet, Meta, Microsoft and TikTok owner ByteDance — will have to start following by midnight Wednesday.

Read More

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• Chief Market Strategist at Path Trading Partners, Bob Iaccino, will explore how maintaining discipline across various facets of life can directly correlate with cultivating strong discipline in trading.
• 40+ year Wall Street veteran, Richie Naso, will discuss key learnings and lessons from a life-time career spent on Wall Street. Prepare for a live Q & A to ask Richie any burning questions.
• Former leading hedge fund manager, Felix Frey, is continuing to dissect the Options Greeks in a way everyone can understand. This week, we’ll dig into Vega and what it means for buyers and sellers.

Save My Seat

Yesterday’s Biggest Movers

The closing price of the top three market percent gainers trading near or above $3 on March 6.

(All pricing and percent gains are based on regular market trading hours from 9:30am to 4:00pm Eastern Time)

1. $APM: Aptorum Group

Total gain: (543%)

The company, along with privately-held YOOV Group Holding Ltd, jointly announced today that they entered into an agreement and plan of merger. Benzinga reports.

2. $MEDS: Trxade Health

Total gain: (107%)

The company's board of directors has declared a special cash dividend of $8.00 per share of common stock. Benzinga reports.

3. $SWIN: Solowin Holdings

Total gain: (106%)

The stock appeared to be moving on no notable news.

Today’s Notable Earnings

(Estimate and Actual numbers represent Earnings Per Share in US Dollars)

AVGO Broadcom

1Q 2024

After Market Close Estimate: 10.26 Actual: N/A

DOCU DocuSign

4Q 2024

After Market Close Estimate: 0.64 Actual: N/A

WLDN Willdan Group

4Q 2023

After Market Close Estimate: 0.35 Actual: N/A

Today’s Key Economic Dates

Time (ET) / Report / Period

8:30 am Initial Jobless Claims

9:40 am Federal Reserve Chair, Jerome Powell, testifies to Congress

3:00 pm Consumer Credit January

Extra-Time

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Parting Thoughts

"Risk no more than you can afford to lose, and also risk enough so that a win is meaningful."

― Ed Seykota

Sourced in: An Inside Look at Trading in Today's Markets (Collection) Robert I Webb, Alexander R. Webb · 2013

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