Public Markets 8-Hour Briefing
×Market Overview
The S&P 500 edged higher at the open on Tuesday, recovering somewhat from the AI-driven selloff the previous day. Investors are also watching the impact of new tariffs on European equities. Diversification seems to be paying off this year.
Deals & Corporate Actions
Goldman Sachs is set to move into Credit Suisse's Milan office. CECO Environmental has agreed to acquire Thermon Group Holdings Inc. Medtronic is seeking to raise as much as $784 million in an IPO. Stripe reached a $159 billion valuation in an employee tender offer.
M&A and Investments
Brookfield acquired cloud-computing firm Ori Industries, betting on the demand for chips in the AI race. CECO Environmental nears a $2.2 billion deal for Thermon. Meta is committing billions on AMD gear.
Earnings & Outlook
Home Depot reported lower fourth-quarter profit. Singapore Airlines posted record revenue on strong demand. Keurig Dr Pepper offered an upbeat forecast. Planet Fitness shares fell on a weak outlook. Leonardo DRS stock gained on earnings beat and strong revenue guidance.
Sector Performance
Software stocks rebounded as Anthropic partnerships eased AI disruption fears. Home Depot fourth-quarter comparable sales growth topped estimates. Amer Sports shares fell after a tepid outlook.
Economic Indicators & Policy
Federal Reserve Bank of Chicago President Austan Goolsbee expressed concern about inflation. Mexico inflation data may keep a March interest rate cut by the central bank in play. Hungary cut its key interest rate but pledged caution. The US may issue more short-dated notes.
Geopolitical Risks
Colombia slapped tariffs on Ecuador, escalating a trade dispute. Iran’s crude loadings have surged. The EU will propose a ban on Russian oil imports.
Other News
Roku ended a three-year profit slide. Novo Nordisk plans to slash the US list prices for Wegovy and Ozempic next year. JPMorgan will remove the United Arab Emirates from its emerging-market bond indexes. JPMorgan Chase provided a $100 million loan to Archer Meat Snacks.