- Barry Adams
- 10 Mar, 2026
- New York City
Stocks traded sideways as investors looked to news from Iran after a wild session in the oil market.
The S&P 500 Index decreased 0.1%, and the tech-heavy Nasdaq Composite declined 0.2% on speculation that the flow of oil and gas is likely to resume through the Strait of Hormuz.
The U.S. president signaled that the U.S. may end its missile strikes at targets in Iran, claiming that the U.S. objectives in Iran were "pretty well achieved."
The sharp jump in crude oil prices and extreme pressure from allies in the Middle East and Europe appear to have forced Donald Trump to back down from continuing the latest military strikes in Iran.
Despite Trump's claims, investors remained skeptical about the intentions of the U.S. and Israel.
Trump's claims of "achieving goals" were quickly countered by top leaders of Iran's Islamic Revolutionary Guard Corps, stating that Iran will decide when to "end the war."
For now, crude oil prices dropped 11.2% to $83.70 a barrel, and gold prices advanced 1.3% to $5206.74 an ounce.
U.S. Movers
Vail Resorts declined 2.1% to $131.11 after the company reported weaker-than-expected quarterly results.
The company also lowered its outlook and blamed it on "persistent, historically challenging weather conditions in the Rockies."
- Barry Adams
- 10 Mar, 2026
- New York City
Stocks traded sideways as investors looked to news from Iran after a wild session in the oil market.
The S&P 500 Index decreased 0.1%, and the tech-heavy Nasdaq Composite declined 0.2% on speculation that the flow of oil and gas is likely to resume through the Strait of Hormuz.
The U.S. president signaled that the U.S. may end its missile strikes at targets in Iran, claiming that the U.S. objectives in Iran were "pretty well achieved."
The sharp jump in crude oil prices and extreme pressure from allies in the Middle East and Europe appear to have forced Donald Trump to back down from continuing the latest military strikes in Iran.
Despite Trump's claims, investors remained skeptical about the intentions of the U.S. and Israel.
Trump's claims of "achieving goals" were quickly countered by top leaders of Iran's Islamic Revolutionary Guard Corps, stating that Iran will decide when to "end the war."
For now, crude oil prices dropped 11.2% to $83.70 a barrel, and gold prices advanced 1.3% to $5206.74 an ounce.
U.S. Movers
Vail Resorts declined 2.1% to $131.11 after the company reported weaker-than-expected quarterly results.
The company also lowered its outlook and blamed it on "persistent, historically challenging weather conditions in the Rockies."
- Barry Adams
- 10 Mar, 2026
- New York City
Stocks traded sideways as investors looked to news from Iran after a wild session in oil market.
The S&P 500 Index decreased 0.1%, and the tech-heavy Nasdaq Composite declined 0.2% on a speculation that flow of oil and gas is likely to resume through the Strait of Hormuz.
The U.S. president signaled that the U.S. may end its missile strikes at targets in Iran, claiming that the U.S. objectives in Iran were "pretty well achieved."
The sharp jump in crude oil prices and extreme pressure from allies in the Middle East and Europe appear to have forced Donald Trump from backing down from continuing the latest military strikes in Iran.
Despite Trump's claims, investors remained skeptical about the intentions of the U.S. and Israel.
Trump's claims of "achieving goals" were quickly countered by top leaders of Iran's Islamic Revolutionary Guard Corps, stating that Iran will decide when to "end the war."
For now, Brent crude oil prices dropped 5.2% to $93.70 a barrel, and gold prices advanced 0.7% to $176.74 an ounce.
U.S. Movers
Vail Resorts declined 2.1% to $131.11 after the company reported weaker-than-expected quarterly results.
The company also lowered its outlook, and blamed it on "persistent, historically challenging weather conditions in the Rockies."
- Akira Ito
- 10 Mar, 2026
- Tokyo
Japan's stocks rebounded, and crude oil regained previous session's losses amid a recovery in market sentiment.
The Nikkei 225 Stock Average soared nearly 3%, the broader Topix advanced more than 2%, and the yen stabilized at 157.05 against the U.S. dollar.
Stocks in Tokyo and Asia rebounded amid expectations of easing tensions in the Middle East.
The U.S. president signaled that the U.S. may end its missile strikes at targets in Iran, claiming that the U.S. objectives in Iran were "pretty well achieved."
The sharp jump in crude oil prices and extreme pressure from allies in the Middle East and Europe appear to have forced Donald Trump from backing down from continuing the latest military strikes in Iran.
Despite Trump's claims, investors remained skeptical about the intentions of the U.S. and Israel.
Brent crude oil prices dropped 5.2% to $93.70 a barrel, and gold prices advanced 0.7% to $176.74 an ounce.
Japan's fourth-quarter annual GDP growth was revised higher to 0.3% from the initial estimate of 0.1%.
The Cabinet Office upwardly revised economic growth, following a 0.7% contraction in the third quarter, amid upward revisions to business investment, government spending, and private consumption.
Japan Indexes and Stocks
The Nikkei 225 Stock Average gained 2.9% to 54,248.39, and the broader TOPIX Index advanced 2.2% to 3,652.56.
In Tokyo's trading, tech stocks led the rebound, and large banks and financial services providers and defense-related stocks participated in the market rally.
Tokyo Electron, Advantest Corp., Lasertec, and SoftBank Group gained between 5% and 14%.
Nippon Yusen KK increased 0.6% to ¥5,592.0; Mitsui O.S.K. Lines edged up 0.6% to ¥6,001.0; and Kawasaki Kisen Kaisha gained 1.4% to ¥2,613.0.
- Akira Ito
- 10 Mar, 2026
- Tokyo
Japan's stocks rebounded, and crude oil regained previous session's losses amid a recovery in market sentiment.
The Nikkei 225 Stock Average soared nearly 3%, the broader Topix advanced more than 2%, and the yen stabilized at 157.05 against the U.S. dollar.
Stocks in Tokyo and Asia rebounded amid expectations of easing tensions in the Middle East.
The U.S. president signaled that the U.S. may end its missile strikes at targets in Iran, claiming that the U.S. objectives in Iran were "pretty well achieved."
The sharp jump in crude oil prices and extreme pressure from allies in the Middle East and Europe appear to have forced Donald Trump from backing down from continuing the latest military strikes in Iran.
Despite Trump's claims, investors remained skeptical about the intentions of the U.S. and Israel.
Brent crude oil prices dropped 5.2% to $93.70 a barrel, and gold prices advanced 0.7% to $176.74 an ounce.
Japan's fourth-quarter annual GDP growth was revised higher to 0.3% from the initial estimate of 0.1%.
The Cabinet Office upwardly revised economic growth, following a 0.7% contraction in the third quarter, amid upward revisions to business investment, government spending, and private consumption.
Japan Indexes and Stocks
The Nikkei 225 Stock Average gained 2.9% to 54,248.39, and the broader TOPIX Index advanced 2.2% to 3,652.56.
In Tokyo's trading, tech stocks led the rebound, and large banks and financial services providers and defense-related stocks participated in the market rally.
Tokyo Electron, Advantest Corp., Lasertec, and SoftBank Group gained between 5% and 14%.
Nippon Yusen KK increased 0.6% to ¥5,592.0; Mitsui O.S.K. Lines edged up 0.6% to ¥6,001.0; and Kawasaki Kisen Kaisha gained 1.4% to ¥2,613.0.
- Li Chen
- 10 Mar, 2026
- Hong Kong
Benchmark indexes in China and Hong Kong rebounded amid expectations that the conflict in the Middle East is likely to de-escalate in the immediate future.
The Hang Seng Index increased 1.6%, and the mainland-focused CSI 300 Index gained 1% after crude oil prices eased.
The U.S. president signaled that the U.S. may end its missile strikes at targets in Iran, claiming that the U.S. objectives in Iran were "pretty well achieved."
The sharp jump in crude oil prices and extreme pressure from allies in the Middle East and Europe appear to have forced Donald Trump from backing down in continuing the latest military strikes in Iran.
Brent crude oil prices dropped 6% to $92.47 a barrel, and gold prices advanced 0.6% to $5173.34 an ounce.
China's Trade Surplus Soared Amid Sustained Growth in Exports
China's exports in the first two months of 2026 soared, driven by strong shipments to member nations in the ASEAN region and the European Union.
China reports two months of data to smooth out distortions due to the Lunar New Year calendar shift.
China's goods exports soared 21.8% from a year ago in the Jan-Feb period to $656.7 billion, according to the General Customs Administration.
The surge in global demand for Chinese renewable energy products and electric vehicles accelerated the increase from a 6% gain in December.
Imports for the two-month period rose by 19.8% from a year ago to $442.9 billion, compared to a 5.7% increase in December.
Exports to the European Union soared 27.8% and to the ASEAN region advanced 29.4%, but shipments to the U.S. fell 11% from a year ago, respectively.
The continued demand for electrical products, home goods, and solar panels drove higher shipments to Africa by 50% and Latin America by 16.4%.
The international trade surplus rose to $213.6 billion in the two-month period, compared to $169 billion a year ago.
China Indexes and Stocks
The Hang Seng Index added 1.6% to 25,804.70, and the mainland-focused CSI 300 Index advanced 1% to 4,665.57.
Contemporary Amperex Technology soared 9.2% to HK $549.50 after the battery maker reported its latest financial results.
The company reported a 42% jump in annual profit in 2025, driven by strong battery sales and expansion into energy storage devices.
- Li Chen
- 10 Mar, 2026
- Hong Kong
Benchmark indexes in China and Hong Kong rebounded amid expectations that the conflict in the Middle East is likely to de-escalate in the immediate future.
The Hang Seng Index increased 1.6%, and the mainland-focused CSI 300 Index gained 1% after crude oil prices eased.
The U.S. president signaled that the U.S. may end its missile strikes at targets in Iran, claiming that the U.S. objectives in Iran were "pretty well achieved."
The sharp jump in crude oil prices and extreme pressure from allies in the Middle East and Europe appear to have forced Donald Trump from backing down in continuing the latest military strikes in Iran.
Brent crude oil prices dropped 6% to $92.47 a barrel, and gold prices advanced 0.6% to $517.34 an ounce.
China's Trade Surplus Soared Amid Sustained Growth in Exports
China's exports in the first two months of 2026 soared, driven by strong shipments to member nations in the ASEAN region and the European Union.
China reports two months of data to smooth out distortions due to the Lunar New Year calendar shift.
China's goods exports soared 21.8% from a year ago in the Jan-Feb period to $656.7 billion, according to the General Customs Administration.
The surge in global demand for Chinese renewable energy products and electric vehicles accelerated the increase from a 6% gain in December.
Imports for the two-month period rose by 19.8% from a year ago to $442.9 billion, compared to a 5.7% increase in December.
Exports to the European Union soared 27.8% and to the ASEAN region advanced 29.4%, but shipments to the U.S. fell 11% from a year ago, respectively.
The continued demand for electrical products, home goods, and solar panels drove higher shipments to Africa by 50% and Latin America by 16.4%.
The international trade surplus rose to $213.6 billion in the two-month period, compared to $169 billion a year ago.
China Indexes and Stocks
The Hang Seng Index added 1.6% to 25,804.70, and the mainland-focused CSI 300 Index advanced 1% to 4,665.57.
Contemporary Amperex Technology soared 9.2% to HK $549.50 after the battery maker reported its latest financial results.
The company reported a 42% jump in annual profit in 2025, driven by strong battery sales and expansion into energy storage devices.
- Barry Adams
- 09 Mar, 2026
- New York City
Stocks on Wall Street faced additional headwinds amid rising tensions in the Middle East.
The S&P 500 index dropped 1.2%, and the tech-heavy Nasdaq Composite decreased 1.5% as crude oil prices surged to a four-year high at the onset of Russia's invasion of Ukraine.
The U.S. economy is likely to face a stagflation environment of rising inflation and slowing growth, as the oil prices surpassed the breaking point of $100 a barrel.
West Texas Intermediate Crude jumped 13% to $112.05 a barrel amid worries of a prolonged supply disruption in the Middle East.
Brent and Texas crude oil prices jumped nearly 70% since Israel struck Iran on February 28. Over the weekend, Israel struck Iran's oil infrastructure, raising fears of global supply disruptions.
Moreover, Iraq, Kuwait, the UAE, and Qatar curtailed energy production over the weekend, as the strait remained closed for the fifth day in a row amid rapidly escalating conflict in the region.
At least fifteen nations in the Middle East are involved in the U.S. and Israel's war, which has killed more than 1,200 people in Iran, including at least 165 school children.
The U.S. president walked back from his earlier assertions that an Iran war will be over in less than a couple of days, and investors are increasingly factoring in a prolonged and wider war in the Middle East.
As the Asian nations brace for a sharp rise in inflation, fueled by a jump in inflation, the European Union member states are worried about another spike in energy prices and a new wave of refugees.
The yield on the 10-year U.S. Treasury note advanced to 4.2%, reaching a one-month high amid worries of elevated inflation driven by higher crude oil prices.
The yields turned higher despite the U.S. economy in January shedding 92,000 jobs, according to a monthly update released by the U.S. Bureau of Labor Statistics.
The change in December employment was revised downward by 65,000 from an increase of 48,000 to a decrease of 17,000, and January's change was downwardly revised by 4,000 from 130,000 to 126,000.
The job market appears to be weakening rapidly as employers avoid increasing staff and laying off people as the U.S. economy struggles to adjust to uncertainty injected by higher tariffs imposed by the Trump administration.
- Barry Adams
- 09 Mar, 2026
- New York City
Stocks on Wall Street faced additional headwinds amid rising tensions in the Middle East.
The S&P 500 index dropped 1.2%, and the tech-heavy Nasdaq Composite decreased 1.5% as crude oil prices surged to a four-year high at the onset of Russia's invasion of Ukraine.
The U.S. economy is likely to face a stagflation environment of rising inflation and slowing growth, as the oil prices surpassed the breaking point of $100 a barrel.
West Texas Intermediate Crude jumped 13% to $112.05 a barrel amid worries of a prolonged supply disruption in the Middle East.
Brent and Texas crude oil prices jumped nearly 70% since Israel struck Iran on February 28. Over the weekend, Israel struck Iran's oil infrastructure, raising fears of global supply disruptions.
Moreover, Iraq, Kuwait, the UAE, and Qatar curtailed energy production over the weekend, as the strait remained closed for the fifth day in a row amid rapidly escalating conflict in the region.
At least fifteen nations in the Middle East are involved in the U.S. and Israel's war, which has killed more than 1,200 people in Iran, including at least 165 school children.
The U.S. president walked back from his earlier assertions that an Iran war will be over in less than a couple of days, and investors are increasingly factoring in a prolonged and wider war in the Middle East.
As the Asian nations brace for a sharp rise in inflation, fueled by a jump in inflation, the European Union member states are worried about another spike in energy prices and a new wave of refugees.
The yield on the 10-year U.S. Treasury note advanced to 4.2%, reaching a one-month high amid worries of elevated inflation driven by higher crude oil prices.
The yields turned higher despite the U.S. economy in January shedding 92,000 jobs, according to a monthly update released by the U.S. Bureau of Labor Statistics.
The change in December employment was revised downward by 65,000 from an increase of 48,000 to a decrease of 17,000, and January's change was downwardly revised by 4,000 from 130,000 to 126,000.
The job market appears to be weakening rapidly as employers avoid increasing staff and laying off people as the U.S. economy struggles to adjust to uncertainty injected by higher tariffs imposed by the Trump administration.
- Akira Ito
- 09 Mar, 2026
- Tokyo
Stocks in Tokyo plunged on Monday amid worries of rising economic stress as the U.S.'s and Israel's war on Iran pushed crude oil prices to a four-year high.
The Nikkei 225 Stock Average plunged nearly 7%, and the broader Topix decreased 5.2% after Brent crude oil prices soared 27% to $116.83 a barrel.
Japan relies on about 95% of its energy products from the suppliers in the Middle East, and about 70% pass through the Strait of Hormuz.
Brent crude oil prices jumped nearly 70% since Israel struck Iran on February 28. Over the weekend, Israel struck Iran's oil infrastructure, raising fears of global supply disruptions.
Moreover, Iraq, Kuwait, the UAE, and Qatar curtailed energy production over the weekend, as the strait remained closed for the fifth day in a row amid rapidly escalating conflict in the region.
At least fifteen nations in the Middle East are involved in the U.S. and Israel's war, which has killed more than 1,200 people in Iran, including at least 165 school children.
The U.S. president walked back from his earlier assertions that an Iran war will be over in less than a couple of days, and investors are increasingly factoring a prolonged and a wider war in the Middle East.
As the Asian nations brace for a sharp rise in inflation, fueled by a jump in inflation, the European Union member states are worried about another spike in energy prices and a new wave of refugees.
Japan Indexes and Stocks
The Nikkei 225 Stock Average decreased 6.7% to 51,853.93, and the broader Topix Index fell 5.2% to 3,524.24.
Technology stocks led the sharp decline in Tokyo on Monday, as crude oil prices soared to a four-year high.
SoftBank Group, Kioxia Holdings, Advantest Corp., Fujikura, and Lasertec dropped as much as 11%.
Toyota Motor Corp. fell 1.5%, Honda Motor Corp. declined 5.2%, and Nissan Motor dropped 6%.
Nippon Yusen, Mitsui O.S.K. Lines, and Kawasaki Kisen Kaisha declined between 0.5% and 1.5%.
- Akira Ito
- 09 Mar, 2026
- Tokyo
Stocks in Tokyo plunged on Monday amid worries of rising economic stress as the U.S.'s and Israel's war on Iran pushed crude oil prices to a four-year high.
The Nikkei 225 Stock Average plunged nearly 7%, and the broader Topix decreased 5.2% after Brent crude oil prices soared 27% to $116.83 a barrel.
Japan relies on about 95% of its energy products from the suppliers in the Middle East, and about 70% pass through the Strait of Hormuz.
Brent crude oil prices jumped nearly 70% since Israel struck Iran on February 28. Over the weekend, Israel struck Iran's oil infrastructure, raising fears of global supply disruptions.
Moreover, Iraq, Kuwait, the UAE, and Qatar curtailed energy production over the weekend, as the strait remained closed for the fifth day in a row amid rapidly escalating conflict in the region.
At least fifteen nations in the Middle East are involved in the U.S. and Israel's war, which has killed more than 1,200 people in Iran, including at least 165 school children.
The U.S. president walked back from his earlier assertions that an Iran war will be over in less than a couple of days, and investors are increasingly factoring a prolonged and a wider war in the Middle East.
As the Asian nations brace for a sharp rise in inflation, fueled by a jump in inflation, the European Union member states are worried about another spike in energy prices and a new wave of refugees.
Japan Indexes and Stocks
The Nikkei 225 Stock Average decreased 6.7% to 51,853.93, and the broader Topix Index fell 5.2% to 3,524.24.
Technology stocks led the sharp decline in Tokyo on Monday, as crude oil prices soared to a four-year high.
SoftBank Group, Kioxia Holdings, Advantest Corp., Fujikura, and Lasertec dropped as much as 11%.
Toyota Motor Corp. fell 1.5%, Honda Motor Corp. declined 5.2%, and Nissan Motor dropped 6%.
Nippon Yusen, Mitsui O.S.K. Lines, and Kawasaki Kisen Kaisha declined between 0.5% and 1.5%.
- Li Chen
- 09 Mar, 2026
- Hong Kong
Stocks in China and Hong Kong plunged, tracking losses in Asia, as the conflict in the Middle East worsened.
The Hang Seng Index decreased 2.6%, and the mainland-focused CSI 300 Index declined 1.7% as crude oil prices soared amid worries of prolonged supply disruptions.
Brent crude oil prices jumped 25% to $116.32 a barrel after Kuwait, the UAE, and Iraq cut oil production following the closure of the Strait of Hormuz passage.
Israel's unprovoked attacks on Iran, supported by the U.S. and UK, a week ago escalated as key Middle Eastern oil producers curtailed production amid a lack of storage facilities.
Over the weekend, Israel struck Iranian oil storage depots and infrastructure, stoking fears of additional supply disruptions.
More than 80% of shipments of energy products through the Strait of Hormuz are destined for China, India, Japan, and Korea, highlighting the vulnerabilities of Asian nations.
Benchmark indexes in Japan dropped as much as 7%; in Korea, they fell 5%; in Australia, they declined 4%; and in Mumbai, they plunged nearly 3%.
China 's Inflation Data Highlighted Mixed Views
China's inflation data offered a mixed picture, and the worries of a lack of consumer demand weighed on the market sentiment.
Consumer prices over the two-month period ending in February rose 0.8% from a year ago, according to the National Statistics Bureau.
The two-month view smooths out the calendar shift in the Lunar Year, which arrived in February this year but fell in January last year.
Consumer prices jumped 1.3% from a year ago, largely because of the extended holiday period driving the demand higher.
Core consumer prices over the two-month period, which excludes volatile food and energy prices, increased 1.3% from a year ago.
China's producer price index, a measure of wholesale inflation, extended its deflation trend to the 41st month in a row in February.
The measure of wholesale prices declined 0.9% from a year ago and narrowed the decrease from 1.4% in the previous month, the statistical agency reported in a separate report on Monday.
However, on a monthly basis, producer prices rose 0.4%, a fifth consecutive monthly rise amid a slow recovery in demand.
China Indexes and Stocks
The Hang Seng Index decreased 2.6% to 25,094.21, and the CSI 300 Index fell 1.7% to 4,583.49.
Mining companies and tech stocks led the decliners in Hong Kong and Shanghai.
Zijin Mining Group decreased 5.4% to HK $37.98, Zijin Gold International dropped 3% to HK $203.60, Alibaba Group fell 4% to HK $125.60, and Baidu Inc. fell 3.9% to HK $113.70.
- Li Chen
- 09 Mar, 2026
- Hong Kong
Stocks in China and Hong Kong plunged, tracking losses in Asia, as the conflict in the Middle East worsened.
The Hang Seng Index decreased 2.6%, and the mainland-focused CSI 300 Index declined 1.7% as crude oil prices soared amid worries of prolonged supply disruptions.
Brent crude oil prices jumped 25% to $116.32 a barrel after Kuwait, the UAE, and Iraq cut oil production following the closure of the Strait of Hormuz passage.
Israel's unprovoked attacks on Iran, supported by the U.S. and UK, a week ago escalated as key Middle Eastern oil producers curtailed production amid a lack of storage facilities.
Over the weekend, Israel struck Iranian oil storage depots and infrastructure, stoking fears of additional supply disruptions.
More than 80% of shipments of energy products through the Strait of Hormuz are destined for China, India, Japan, and Korea, highlighting the vulnerabilities of Asian nations.
Benchmark indexes in Japan dropped as much as 7%; in Korea, they fell 5%; in Australia, they declined 4%; and in Mumbai, they plunged nearly 3%.
China Indexes and Stocks
The Hang Seng Index decreased 2.6% to 25,094.21, and the CSI 300 Index fell 1.7% to 4,583.49.
Mining companies and tech stocks led the decliners in Hong Kong and Shanghai.
Zijin Mining Group decreased 5.4% to HK $37.98, Zijin Gold International dropped 3% to HK $203.60, Alibaba Group fell 4% to HK $125.60, and Baidu Inc. fell 3.9% to HK $113.70.
- Scott Peters
- 06 Mar, 2026
- New York City
Broadcom advanced 7.4% to $341.05 after the advanced chip designer posted strong results for the fiscal first quarter ending on February 2, 2025.
Revenue jumped 29% to $19.3 billion from $14.9 billion, net income advanced 34% to $7.3 billion from $5.5 billion, and diluted earnings per share rose to $1.50 from $1.14 a year ago.
The company held its quarterly cash dividend at 65 cents, payable on March 31 to shareholders on record on March 23.
Broadcom estimated fiscal second quarter revenue to rise by 47% to $22 billion and announced a new stock repurchase program worth $10 billion.
Costco Wholesale Corp. rose 0.2% to $980.29 after the membership warehouse club reported fiscal second-quarter results.
Revenue increased 9.1% to $69.6 billion from $63.7 billion, net income advanced to $2.0 billion from $1.8 billion, and diluted earnings per share rose to $4.58 from $4.02 a year ago.
Comparable U.S. same-store sales increase slowed to 5.9% from 6.4%, but the companywide growth accelerated to 7.4% from 6.7% a year ago, respectively.
For the four-week reporting month of February, which ended March 1, net sales rose 9.5% to $21.7 billion from $19.81 billion, and same-store sales growth in the period slowed to 5.2% from 6.0% a year ago, respectively.
Marvell Technology soared 14.7% to $86.78 after the advanced semiconductor products maker reported strong fiscal fourth-quarter results.
Revenue increased 22% to $2.2 billion from $1.8 billion, net income nearly soared to $396.1 million from $200.2 million, and diluted earnings per share rose to 46 cents from 23 cents a year ago.
The company guided first-quarter fiscal revenue of $2.4 billion and diluted earnings per share of 31 cents.
Gap Inc. dropped 6.3% to $25.49 after the apparel retailer reported slightly lower than estimated net income in the fiscal fourth quarter.
Revenue increased 2% to $4.2 billion from $4.1 billion, net income decreased to $171 million from $206 million, and diluted earnings per share fell to 45 cents from 54 cents a year ago.
Overall comparable sales rose 3%, driven by flat store sales and an online sales increase of 5% from a year ago. Online sales accounted for 42% of total sales.
In the quarter, comparable stores increased 7% for Gap, 3% for Old Navy, and 4% for Banana Republic but declined 10% for Athleta from a year ago, respectively.
- Scott Peters
- 06 Mar, 2026
- New York City
Broadcom advanced 7.4% to $341.05 after the advanced chip designer posted strong results for the fiscal first quarter ending on February 2, 2025.
Revenue jumped 29% to $19.3 billion from $14.9 billion, net income advanced 34% to $7.3 billion from $5.5 billion, and diluted earnings per share rose to $1.50 from $1.14 a year ago.
The company held its quarterly cash dividend at 65 cents, payable on March 31 to shareholders on record on March 23.
Broadcom estimated fiscal second quarter revenue to rise by 47% to $22 billion and announced a new stock repurchase program worth $10 billion.
Costco Wholesale Corp. rose 0.2% to $980.29 after the membership warehouse club reported fiscal second-quarter results.
Revenue increased 9.1% to $69.6 billion from $63.7 billion, net income advanced to $2.0 billion from $1.8 billion, and diluted earnings per share rose to $4.58 from $4.02 a year ago.
Comparable U.S. same-store sales increase slowed to 5.9% from 6.4%, but the companywide growth accelerated to 7.4% from 6.7% a year ago, respectively.
For the four-week reporting month of February, which ended March 1, net sales rose 9.5% to $21.7 billion from $19.81 billion, and same-store sales growth in the period slowed to 5.2% from 6.0% a year ago, respectively.