Market Indexes Fight Off Deep Lows 2nd-Straight Day
Summarize this article with:
AAPL TSLA AMZN META AMD NVDA PEP COST ADBE GOOG AMGN HON INTC INTU NFLX ADP SBUX MRNA AAPL TSLA AMZN META AMD NVDA PEP COST ADBE GOOG AMGN HON INTC INTU NFLX ADP SBUX MRNA AAPL TSLA AMZN META AMD NVDA PEP COST ADBE GOOG AMGN HON INTC INTU NFLX ADP SBUX MRNA Pre-Market Market Indexes Fight Off Deep Lows 2nd-Straight Day March 05, 2026 — 06:08 pm EST Written by Mark Vickery for Zacks-> Thursday, March 5th, 2026Oil prices and the war in the Middle East once again gripped the regular trading day today, and once again investors marched back up from deep red levels to something more respectable: the Dow closed down -784 points, -1.61% (but had dragged down another -1200 points in afternoon trading), the S&P 500 was -38 points, -0.56%, the Nasdaq -58, -0.26% and the small-cap Russell 2000 lost -51 points, -1.95%.Oil prices, based on fears Iran could close off the Strait of Hormuz, jumped to their highest levels since July of 2024: WTI +$81 and Brent crude +$85 per barrel (bbl). Considering this pathway is responsible for 20 million barrels of oil per day, this could be a significant development in the ongoing struggles. I mean, we could wring Venezuela dry and still not come up with 20 million bbl per day.
Earnings Reports After the Bell: COST, GAP, MRVLCostco COST posted its fourth-straight quarterly earnings beat after today’s closing bell, with $4.58 per share outpacing estimates by 3 cents and revenues of $69.6 billion bettering the $69.24 billion anticipated for the quarter, and growing +9.1% year over year. Later Lunar and Chinese New Years helped bolster its Other International Sales +18%, as compared to +5.2% in the U.S. Shares are down slightly on the news, but still +14% year to date.Gap Inc. GAP only met estimates on its Q4 bottom line report today, at $0.45 per share, while coming in slightly below expectations on its top line: $4.2 billion versus $4.24 billion in the Zacks consensus. Gross Margins fell -80 basis points (bps) year over year to +38.1%. Flagship Gap stores performed fine, +7% in the quarter, but Athleta hit the skids, -10%. Shares have, as well, in late trading — down -9.5% and swinging the stock into negative territory year to date.Chip-maker Marvell Technology MRVL notched slight beats on both top and bottom lines this afternoon in its Q4 earnings report. Earnings of $0.80 per share outpaced estimates by a penny, while revenues of $2.22 billion surpassed the Zacks consensus of $2.20 billion. Gross Margin guidance for the current quarter averages near +59%, and investors are taking shares up +8% in late trading on the news (still -3% year to date).Questions or comments about this article and/or author? Click here>> Quantum Computing Stocks Set To Soar Artificial intelligence has already reshaped the investment landscape, and its convergence with quantum computing could lead to the most significant wealth-building opportunities of our time. Today, you have a chance to position your portfolio at the forefront of this technological revolution. In our urgent special report, Beyond AI: The Quantum Leap in Computing Power, you'll discover the little-known stocks we believe will win the quantum computing race and deliver massive gains to early investors.Access the Report Free Now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free reportCostco Wholesale Corporation (COST) : Free Stock Analysis ReportMarvell Technology, Inc. (MRVL) : Free Stock Analysis ReportThe Gap, Inc. (GAP) : Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Tags Pre-MarketUS MarketsInvestingStocks Zacks Zacks is the leading investment research firm focusing on stock research, analysis and recommendations. In 1978, our founder discovered the power of earnings estimate revisions to enable profitable investment decisions. Today, that discovery is still the heart of the Zacks Rank. A wealth of resources for individual investors is available at www.zacks.com. More articles by this source-> Stocks mentioned COST MRVL GAP More Related Articles This data feed is not available at this time. Data is currently not available • Sign up for the TradeTalks newsletter to receive your weekly dose of trading news, trends and education. Delivered Wednesdays.