2/28/25

Stocks end rough week with big gains

The S&P 500 and Nasdaq 100 closed up 1.6%, near their highs of the day, as did the Russell 2000 with a smaller 1.1% advance. For the week, however, all ended lower.

Every S&P 500 sector ETF finished higher, with financials leading the way. All but materials and real estate rose more than 1%. The number of S&P 500 constituents that advanced outnumbered decliners by 379, the highest such reading this year.

Stocks briefly retreated after a spat in the Oval Office between US President Donald Trump and Ukrainian President Volodymyr Zelenskyy, but shrugged that off to have their first positive Friday of Trump 2.0.

Broadly speaking, the momentum names that had been getting crushed this week bounced on Friday.

The Magnificent 7 ripped higher, led by Nvidia and Tesla. The former didn’t manage to reclaim its 200-day moving average, however, though the latter bounced back above that level and ended its worst streak of big losses since March 2020. Carvana, Strategy, and Vertiv Holdings are other names that make the list of stocks that have been dumped finally seeing some relief from the intense selling pressure.

Monster Beverage booked a big gain after showing continued strength in the highly competitive energy drinks space.

Dell dropped after its fourth-quarter sales missed expectations, news that seemingly also weighed on AI server company Super Micro Computer.

FuboTV plunged double digits after reporting lower-than-expected sales and revenue guidance below what the Street had penciled in.

SoundHound AI, on the other hand, ramped nearly 20% after posting better-than-expected sales and a smaller-than-anticipated loss while also raising its 2025 outlook.

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Nia Warfield, Luke Kawa

S&P 500 goes nowhere, Nasdaq 100 hits another record, small-caps tumble

Warner Bros. Discovery led gains for the second day in a row, and only three S&P 500 sector ETFs finished in the green.

Horse Ranch In Zhangye

markets

13h

Rocket lab soars to new record close amid rally for retail faves

Rocket Lab ripped by roughly 10% Friday to close at a new all-time high, riding an upturn of retail enthusiasm for a coterie of tech-themed favorites, even as the broader market was more or less flat on the day.

Goldman Sachs’ basket of “retail favorites” — its heaviest weights are Reddit, AppLovin, and Tempus AI — was the second-biggest gainer among the company’s flagship US equity baskets on Friday, rising about 1.6%. The S&P was almost dead flat.

It’s not Rocket Lab’s first retail rodeo, as the money-losing company has more than doubled this year and is up nearly 700% over the last 12 months.

Oracle Wall Street Revisions

Analysts revise up anything and everything they thought about Oracle

After the company’s bombshell earnings this week, Wall Street thinks Oracle’s trajectory has changed.

Matt Phillips14h

markets

16h

Six Flags pops after reiterating its guidance as theme park attendance rebounds

Six Flags shares rose more than 7% today after the company reported a rebound in attendance and early season pass sales heading into the fall. The nine-week period ended August 31 saw 17.8 million guests, up about 2% from the same stretch last year, with stronger momentum in the final four weeks.

More importantly, Six Flags reaffirmed its full-year adjusted EBITDA guidance of $860 million to $910 million, showing confidence that its cost and operations strategy can stay strong for the duration of the year. Riding that wave, Six Flags also said early 2026 season pass unit sales are pacing ahead of last year, and average season pass prices are up about 3%.

The good vibes come despite a drop in in-park per-capita spending, especially from admissions, where promotions and changes to attendance mix (which parks or days guests visit) have weighed. Earlier this week, the amusement giant signed a new agreement that extended its position as the exclusive amusement park partner for Peanuts™ in North America through 2030.

Despite the rally, Six Flags shares are down about 52% year to date.

markets

17h

Rivian turns red on the year, squeezed by a recall and the looming end of the EV tax credit

Shares of EV maker Rivian are down more than 5% on Friday following the company’s recall of 24,214 vehicles due to a software issue. The stock move erases Rivian’s year-to-date gain and turns the company negative on the year.

Rivian’s 2025 model year R1S and R1T are affected by the defect, which was identified after a vehicle’s hands-free highway assist software failed to identify another vehicle on the road, causing a low-speed collision. Rivian said it’s released an over-the-air update to fix the issue.

The recall marks Rivian’s fifth this year, affecting nearly 70,000 of its vehicles.

Rivian’s shares are down more than 20% from their 2025 high, which came prior to the passage of President Trump’s “big, beautiful bill.” Through the legislation, the $7,500 EV tax credit is set to expire at the end of the month.

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