Morgan Stanley's Adam Jonas said Tesla is a top pick for the auto sector.
Stock market today: Dow sinks, S&P 500 posts worst day of 2025 after Trump forges ahead on tariffs
March trading is kicking off with investors bracing for tariffs, the monthly jobs report, and key retail earnings.
Dow tumbles more than 600 points as Trump confirms aggressive tariff plans, killing hopes for a last-minute reprieve and sending stocks reeling
The Dow Jones Industrial Average tumbled 650 points, or 1.5%. The S&P 500 sank 1.8%, and the Nasdaq lost 2.6%.
GitLab (NASDAQ:GTLB) Posts Better-Than-Expected Sales In Q4
Software development tools maker GitLab (NASDAQ:GTLB) beat Wall Street’s revenue expectations in Q4 CY2024, with sales up 29.1% year on year to $211.4 million. The company expects next quarter’s revenue to be around $212.5 million, close to analysts’ estimates. Its non-GAAP profit of $0.33 per share was 44.6% above analysts’ consensus estimates.
4 Unanswered Questions About Trump’s Crypto Reserve
Donald Trump’s bombshell message Sunday set off shockwaves in the crypto community. There’s a lot we don’t know.
ThredUp (NASDAQ:TDUP) Misses Q4 Sales Targets
Online fashion resale marketplace ThredUp (NASDAQ:TDUP) fell short of the market’s revenue expectations in Q4 CY2024, with sales falling 17.4% year on year to $67.27 million. On the other hand, next quarter’s outlook exceeded expectations with revenue guided to $68.5 million at the midpoint, or 4.7% above analysts’ estimates. Its GAAP loss of $0.19 per share was significantly below analysts’ consensus estimates.
Okta (NASDAQ:OKTA) Exceeds Q4 Expectations, Stock Jumps 11.2%
Identity management software maker Okta (OKTA) reported Q4 CY2024 results topping the market’s revenue expectations, with sales up 12.7% year on year to $682 million. Guidance for next quarter’s revenue was better than expected at $679 million at the midpoint, 1.3% above analysts’ estimates. Its non-GAAP profit of $0.78 per share was 6% above analysts’ consensus estimates.
Mexico’s Star Economy Dreams Crumble Under Donald Trump’s Tariff Threats
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Nvidia Stock Leads AI Selloff as Trump Tariffs Shake Wall Street
The AI trade continued to falter on Monday, with Nvidia stock slumping into bear territory. Equities nosedived after President Trump reiterated plans for a 25% tariff on Canadian and Mexican imports starting tomorrow.
Crypto Prices Sink on Trump Reserve Skepticism, Tariff Concerns
(Bloomberg) -- Euphoria in digital-asset markets stemming from Donald Trump’s plans for a strategic crypto reserve turned to skepticism on Monday, triggering early losses in cryptocurrencies that worsened throughout the day as investors braced for the US to impose 25% tariffs on Mexico and Canada.Most Read from BloombergCuts to Section 8 Housing Assistance Loom Amid HUD UncertaintyHow Upzoning in Cambridge Broke the YIMBY MoldRemembering the Landscape Architect Who Embraced the CityNYC Office Bu