Today: 12 March 2026

Khadija Saeed

A dedicated markets reporter, she covers stocks, macroeconomics, and major business developments with a sharp eye for detail and accuracy.

Home Depot stock slides as labor-crunch warning lands, with earnings next on deck

Home Depot stock slides as labor-crunch warning lands, with earnings next on deck

Home Depot shares fell 1.3% to $375.11 Tuesday, outperforming the S&P 500’s 2.1% drop. The company’s foundation warned a skilled-trades shortage could delay disaster rebuilding despite available aid. Nearly 60% of Americans lack confidence in their community’s recovery speed after disasters, according to a new survey. Investors await Home Depot’s Feb. 24 earnings for signs of housing-related demand.
Mastercard stock price drops as tariff shock hits Wall Street and card-fee fights keep MA in focus

Mastercard stock price drops as tariff shock hits Wall Street and card-fee fights keep MA in focus

Mastercard shares fell 1.4% to $531.74 Tuesday, outpacing declines in Visa and American Express as U.S. equities slumped. The stock has dropped three straight sessions and now trades 12% below its 52-week high. Payment stocks faced pressure from policy risks and renewed scrutiny over credit card fees. Mastercard is advancing AI-powered checkout tools and faster merchant payouts.
21 January 2026
Nebius stock drops nearly 9% as tariff scare hits tech — Israel AI supercomputer rollout in focus

Nebius stock drops nearly 9% as tariff scare hits tech — Israel AI supercomputer rollout in focus

Nebius Group N.V. (NBIS.O) shares fell 8.68% to $99.29 Tuesday and slipped further after hours, amid a tech selloff triggered by Trump’s tariff threats over Greenland. Israel’s national AI supercomputer launched using Nebius infrastructure, but broader markets stayed risk-averse as the Dow dropped 1.76%, S&P 500 lost 2.06%, and Nasdaq fell 2.39%.
ASX slides as Trump Greenland tariff threat sparks ‘sell America’ trade — gold hits record

ASX slides as Trump Greenland tariff threat sparks ‘sell America’ trade — gold hits record

The S&P/ASX 200 fell 0.4% by mid-morning Wednesday, led by declines in tech and banks, while miners rose on record gold prices near $4,762 an ounce. U.S. President Trump threatened new tariffs on eight European countries after their troops arrived in Greenland, escalating trade tensions. Lynas Rare Earths jumped on a 43% revenue surge. Rio Tinto reported record quarterly iron ore shipments.
Morgan Stanley stock drops 3.7% after-hours as rate-cap deadline and tariff jitters hit banks

Morgan Stanley stock drops 3.7% after-hours as rate-cap deadline and tariff jitters hit banks

Morgan Stanley shares fell 3.7% to $182.10 Tuesday, tracking a broader drop in U.S. bank stocks after the Trump administration threatened a 10% cap on credit-card interest rates. Trading volume doubled its 50-day average. The S&P 500 lost 2.06%. Morgan Stanley’s board declared a $1.00 quarterly dividend, payable Feb. 13 to shareholders of record Jan. 30.
21 January 2026
Bank of America stock slips after $1B employee stock award as credit-card cap deadline bites

Bank of America stock slips after $1B employee stock award as credit-card cap deadline bites

Bank of America shares fell 1.64% to $52.10 Tuesday, then held steady after hours. The bank announced a $1 billion employee stock grant, totaling nearly 19 million shares. Investors weighed the move against uncertainty over a possible 10% federal cap on credit-card interest rates. CEO Brian Moynihan sold and repurchased about 17,900 shares last week, according to SEC filings.
21 January 2026
Corvus Pharmaceuticals stock surges 167% on eczema drug data as $150 million offering kicks off

Corvus Pharmaceuticals stock surges 167% on eczema drug data as $150 million offering kicks off

Corvus Pharmaceuticals shares soared over 167% to $21.41 in after-hours trading Tuesday after reporting positive placebo-controlled trial results for its experimental eczema pill. The company launched a $150 million underwritten stock and warrant offering following the data release. Analysts raised price targets. About 84 million shares changed hands.
Lumentum stock jumps 10% as Aletheia lifts target to $500 ahead of Feb. 3 earnings

Lumentum stock jumps 10% as Aletheia lifts target to $500 ahead of Feb. 3 earnings

Lumentum shares rose about 10% Tuesday, closing at $356.83 and holding steady after hours. Aletheia Capital’s Skye Chen raised his price target to $500, citing stronger demand for high-speed data-center lasers. Lumentum reports fiscal Q2 results Feb. 3 after the market closes. The company will also present new laser platforms at SPIE Photonics West this week.
Applied Materials stock price dips despite Needham’s big target hike — here’s what traders watch next

Applied Materials stock price dips despite Needham’s big target hike — here’s what traders watch next

Applied Materials fell 2.7% to $318.23 Tuesday, mirroring a sharp drop in semiconductor stocks and the S&P 500. The decline came despite Needham raising its price target to $390, citing stronger demand. Shares traded between $314.58 and $324.35 on volume of 9.4 million. Investors await earnings from ASML and KLA next week, with Applied’s own report due Feb. 12.
21 January 2026
RAPT Therapeutics stock jumps 64% as GSK agrees $2.2 billion takeover at $58 a share

RAPT Therapeutics stock jumps 64% as GSK agrees $2.2 billion takeover at $58 a share

Rapt Therapeutics shares surged 64% to $57.57 in after-hours trading after GSK agreed to acquire the company for $58 a share in cash, valuing Rapt at about $2.2 billion. The deal centers on ozureprubart, a long-acting anti-IgE antibody. GSK plans to launch a tender offer within 10 business days. Closing depends on a majority of Rapt shares being tendered and U.S. antitrust clearance.
Goldman Sachs stock drops after-hours as credit-card cap deadline hits banks; Qatar $25B tie-up in focus

Goldman Sachs stock drops after-hours as credit-card cap deadline hits banks; Qatar $25B tie-up in focus

Goldman Sachs shares fell 1.9% to $943.37 in after-hours trading Tuesday as investors awaited a White House decision on capping credit card interest rates. Bank stocks broadly declined, with JPMorgan down 3.1% and Citigroup off 4.4%. Goldman also announced a new deal with the Qatar Investment Authority to raise up to $25 billion for managed funds and co-investments. RBC Capital raised its price target on Goldman to $1,030.
Coinbase stock drops after hours as bitcoin slides; Armstrong keeps crypto bill push alive in Davos

Coinbase stock drops after hours as bitcoin slides; Armstrong keeps crypto bill push alive in Davos

Coinbase shares fell 5.5% to $227.73 in after-hours trading Tuesday after bitcoin dropped 4.6% to about $88,312. CEO Brian Armstrong, speaking in Davos, said he remains optimistic about U.S. crypto legislation despite recent setbacks. Bermuda announced plans for a fully onchain national economy using Circle and Coinbase infrastructure, drawing regulatory attention.
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Stock Market Today

  • Iran War Spurs Market Rotation as U.S. Outperforms Amid Global Reallocation
    March 12, 2026, 12:29 PM EDT. The Iran war has triggered a swift shift in global investment strategies, reversing the 'Sell America' trend that emerged after U.S. tariffs in 2025. Investors are moving back into the U.S., now the best performing major market, benefiting from its large, liquid markets and status as a net energy exporter amid oil prices surging above $100 a barrel. Nick Nelson of Absolute Strategy Research noted that this is less about a pure risk-off move and more about rotation, as defensive sectors underperform while market leaders switch roles. Meanwhile, Japan gains favor over Europe for its stronger earnings outlook and lower oil exposure, illustrating a complex recalibration of geographic focus driven by geopolitical and commodity market dynamics.

Latest article

Unilever Stock Price: Why Shares Are Stuck Near 4,840p Despite a €1.5 Billion Buyback

Unilever Stock Price: Why Shares Are Stuck Near 4,840p Despite a €1.5 Billion Buyback

12 March 2026
Unilever shares traded near 4,840 pence Thursday, little changed after closing Wednesday at 4,846 pence, down 1.24%. Investors weighed February guidance that 2026 sales growth would hit the low end of its 4%-6% range. The company completed its ice cream demerger in December and plans a €1.5 billion share buyback in the second quarter. The stock remains 12.56% below its December 52-week high.
Trump’s Plan to Cut Oil Prices Runs Into Hormuz as Iran War Rattles Markets

Trump’s Plan to Cut Oil Prices Runs Into Hormuz as Iran War Rattles Markets

12 March 2026
Brent crude fell 11% on March 10 after Trump suggested the Iran war could end soon, then rebounded to $98.45 as Gulf attacks intensified. The IEA and U.S. launched a record emergency oil release, but flows through the Strait of Hormuz remain under 10% of pre-war levels. U.S. gasoline prices rose 19% since the conflict began. The White House said Navy escorts for tankers are not yet possible.
Opendoor Stock Falls 6% as Rising Rate Fears, Weak Housing Data Hit OPEN Shares

Opendoor Stock Falls 6% as Rising Rate Fears, Weak Housing Data Hit OPEN Shares

12 March 2026
Opendoor Technologies shares dropped 6% to $4.94 in late-morning Nasdaq trading Thursday after opening at $5.19. The decline followed weaker U.S. housing starts and a delay in expected Fed rate cuts, with the Nasdaq Composite down 1.38%. Opendoor reported a $1.1 billion net loss for 2025 and ended the year holding 2,867 homes worth $925 million. Peers Zillow and Offerpad also traded lower.
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