Stock Market 4 March 2026

Intel shares rose 3.5% to $121.10 as its 18A-P manufacturing process entered risk production, with Bernstein raising its price target to $100 due to improved server CPU demand, though maintaining a neutral rating. Nokia shares in Helsinki edged up 0.29% amid ongoing AI infrastructure headlines, while its U.S.-listed ADR fell for a second session. ServiceNow dropped nearly 6% to $95.48 as U.S. equities broadly declined after the Federal Reserve kept rates unchanged but signaled a more hawkish stance, suggesting tighter policy may persist or rates could rise. SpaceX fell about 5%, its first full-session loss since going public, and slipped behind Amazon in market value. Ford lost 3.1%, with General Motors, Stellantis, and Tesla also down as the auto sector was pressured by Fed rate signals. Coeur Mining dropped 6.8% despite joining the S&P MidCap 400, as precious-metals miners broadly fell. Coherent shares declined again despite U.S. funding for its Texas plant, facing valuation and supply risks. The Dow fell 506.51 points, S&P 500 lost 1.21%, and Nasdaq dropped 1.35% after the Fed held rates steady at 3.50%-3.75% and projected higher rates and inflation into 2026. Vertiv jumped 7%, outperforming the market as attention shifted to valuation after a strong run in AI-infrastructure stocks. Rocket Companies fell 6% as rate-sensitive housing stocks stayed weak. Nebius surged after acquiring Eigen AI and moving toward Nasdaq-100 inclusion, with focus shifting to execution challenges. TD reached a 52-week high as Canadian banks traded higher. MP Materials gained 9% on rare-earth momentum after G7 and Pentagon actions. Coupang rose 8.3% despite planning to book $410 million in Korean privacy fines. Fermi jumped 12.8% amid a board and strategy battle. ASML climbed over 4% in Amsterdam after a bullish Citi call, though risks from China export controls remain. Smartbird (formerly Allbirds) soared 50% after appointing a new CEO and expanding its AI financing. Rackspace Technology surged 33.8% on a major AMD AI-compute deal, with phased rollout planned through 2028.