Stocks rise on positive corporate news, Bitcoin jumps 6%, focus on ISM reports

From Nasdaq: 2025-03-03 12:52:41

Stock indexes are mixed today, with the Dow Jones hitting a 1-week high. Positive corporate news boosts stocks, with Intel up 3% and Allegro MicroSystems up 11% on takeover interest. Capri Holdings rises 7% on Versace sale rumors. The S&P 500 is down 0.08%, Dow up 0.27%, and Nasdaq up 0.20%.

US stocks get support from European rally and China’s manufacturing activity growth. Bitcoin price jumps 6% after Trump’s crypto plan announcement. Tariffs on imports from Canada, Mexico, and China set to increase. Market focuses on ISM reports and Fed Chair Powell’s speech. Odds of rate cut at FOMC meeting at 7%.

Eurozone reports stronger than expected CPI and manufacturing PMI. ECB expected to cut rates by 25 bps. Chip makers like Intel, AMD, and NXP rise on positive news. Cryptocurrency-exposed stocks and casino stocks climb. AST SpaceMobile up after deal with Vodaphone. Allegro MicroSystems surges on takeover interest.

Chipotle Mexican Grill rises on Morgan Stanley upgrade. Nvidia leads tech stock losses, along with Amazon, Microsoft, and Apple. Super Micro Computer drops on insider selling news. Kroger CEO resigns over personal conduct. AES Corp downgraded by Seaport Global Securities. Earnings reports from Fortrea Holdings, Gitlab Inc, and Okta Inc.



Read more at Nasdaq: Positive Corporate News Supports Stocks Ahead of Tuesday’s Tariff News