Today: 20 March 2026
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NYSE:PMT 11 January 2026 - 1 February 2026

Rocket Companies stock slides 14% after PennyMac miss; RKT traders brace for Fed pick fallout and jobs data

Rocket Companies stock slides 14% after PennyMac miss; RKT traders brace for Fed pick fallout and jobs data

Rocket Companies shares fell 13.67% to $17.93 on Friday, with trading volume tripling its 50-day average. PennyMac Financial plunged 33% after reporting quarterly earnings far below estimates. UWM Holdings also dropped nearly 14% as mortgage stocks slid and both major indexes closed lower. Markets face added uncertainty after Donald Trump nominated Kevin Warsh to lead the Federal Reserve.
Rocket Companies stock sinks nearly 14% (RKT) — what’s driving the slide and what comes next

Rocket Companies stock sinks nearly 14% (RKT) — what’s driving the slide and what comes next

Rocket Companies fell 13.7% to $17.93 Friday, with trading volume tripling its 50-day average. Mortgage lenders slid after PennyMac missed profit targets and dropped 33%, citing tighter loan margins. The 10-year Treasury yield neared 4.25% as markets reacted to Kevin Warsh’s Fed nomination. Investors await U.S. jobs data and mortgage figures next week.
AGNC stock rises with mortgage REITs after Trump’s $200B MBS order — what to watch next week

AGNC stock rises with mortgage REITs after Trump’s $200B MBS order — what to watch next week

AGNC Investment Corp. closed Friday up about 2% after President Trump ordered $200 billion in mortgage bond purchases, sending housing-linked stocks higher. AGNC ended at $11.41. Traders await more details on the program and Tuesday’s U.S. CPI data. The move narrowed mortgage spreads and lifted agency MBS prices, but market reaction remains cautious.

Stock Market Today

  • Norges Bank Offloads 6.1 Million Zee Entertainment Shares in Bulk Sale
    March 20, 2026, 9:58 AM EDT. Norges Bank, Norway's central bank, sold 6.1 million shares of Zee Entertainment, marking a significant bulk deal in the stock market. The transaction reflects the bank's strategic portfolio adjustment amid ongoing market shifts. Zee Entertainment's shares were transferred via this block sale, influencing trading volumes and possibly impacting stock price movement. Market participants are watching closely how this divestment might affect Zee's valuation and future trading dynamics. The sale was reported through transaction documents and confirmed by market data from ICE Data Services and FactSet, providing transparency in compliance with exchange regulations.
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