Stock Market Today: Dow Loses 450 Points As Oil Prices Surge; Palantir Rises, Nvidia Falls (Live Coverage)

The Dow Jones Industrial Average and other major stock indexes closed the session with large losses Friday amid another huge surge in oil prices sparked by the U.S.-Iran conflict and a weak February jobs report. Meanwhile, Palantir Technologies (PLTR) tested a key moving average while Nvidia (NVDA) proved to be a Dow loser on the stock market today.

On Friday, the Dow Jones Industrial Average ended the session down 1%, or 453 points, while the S&P 500 sank 1.3%. The tech-heavy Nasdaq composite fared even worse with a 1.6% drop Friday.

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The Russell 2000 handed back another 2.3% and fell further below its 50-day moving average.

Volume was lower on the Nasdaq exchange and also on the New York Stock Exchange vs. Thursday, in preliminary numbers.

Losers beat winners on the Nasdaq exchange by around 5-to-2. The ratio was nearly 4-1 negative on the New York Stock Exchange.

Stock Market Today: Palantir Climbs, Nvidia Sinks

Palantir Technologies bolted nearly 3% higher and tested its 50-day line. It climbed near its 200-day line earlier in the session before easing. Shares climbed for three straight weeks but are still down around 11% on the year.

Nvidia stock, meanwhile, lost 3% on the stock market today. Shares are finding support at their 200-day line.

Teradyne (TER) saw a 10.7% drop and was the biggest loser on the S&P 500 on Friday. Also, the stock has shed nearly 21% from its all-time high of 344.92 reached on Feb. 26.

Ero Copper (ERO) fell 4% after reporting inline fourth-quarter profit with higher sales than estimates. The copper stock fell deeper below its 50-day line after closing below it Thursday. Further, shares are 30% off their high of 39.80 hit on Jan. 29.

Stock Market Awaits Iran News, Oil’s Next Move. Here’s What To Do.

3:11 p.m. ET

Costco Revisits Buy Zone

Costco Wholesale (COST) reversed higher and gained nearly 2% after initially dropping to start the session. Shares returned to a buy range that extends up to 1,042.65 out of a cup-with-handle base. Costco stock also is back above its 21-day exponential moving average after closing below it Thursday. It currently trades around 1,000.

The membership warehouse retailer topped fiscal second-quarter earnings and sales forecasts late Thursday. The positive report prompted several analysts to raise their price targets on the stock including BMO Capital, with an updated 1,315 projection and an outperform rating.

Elsewhere, fertilizer stocks jumped for a second straight day as the U.S.-Iran conflict challenged supply and shipping routes with planting season around the corner.

CF Industries (CF) popped more than 6% in heavy volume and reached the 20% profit zone of a cup-with-handle base with a 95.21 entry point. The stock hit an all-time high on the stock market today.

Intrepid Potash (IPI) showed similar action and surged nearly 8%. It hit the profit area from a 35.78 buy point out of a cup-with-handle base.

Nutrien (NTR) powered up more than 3% and neared the profit range of a consolidation pattern with a 65.08 entry.

1:51 p.m. ET

Grocer Breaks Out

Kroger (KR) rose 4% and broke out of a saucer-with-handle base with a 73.18 buy point. Shares are in a 5% buy zone up to 76.83. Amid the recent stock market volatility, be sure to follow proper risk management, including cutting losses at 7%.

The supermarket operator reported higher-than-expected fiscal fourth-quarter earnings but missed sales estimates. It also said it expects fiscal 2026 profit in the range of $5.10 per share to $5.30 per share.

Brazilian aircraft maker Embraer (EMBJ) sank nearly 7% as it dug deeper below its 50-day line and tested its 200-day moving average. Shares triggered the 7% loss rule from the 67.44 buy point after breaking out in early January. The IBD MarketSurge Growth 250 stock has given back a 20% gain from the entry, and activated a round trip sell signal.

The drop came after Embraer missed fourth-quarter sales estimates and gave a full-year 2026 revenue outlook that came up short of estimates.

Gap (GAP) plummeted nearly 13% in heavy volume after the retailer missed fiscal fourth-quarter profit forecasts by one cent per share and came up short on revenue. Also, comparable sales dropped 10% for its Athleta brand.

Shares fell further below their 50-day line, triggering a sell signal. It also undercut its 200-day line. The stock had attempted to break out of a long cup-with-handle base with a 29.10 buy point several times, but was unsuccessful.

12:43 p.m. ET

Software Stocks Outperform

Software stocks outperformed again in the Nasdaq 100 as names like Datadog (DDOG), Zscaler (ZS), Palantir (PLTR) and Atlassian (TEAM) all rallied between 1% and 3%.

The 10-year Treasury yield edged lower to 4.13%. Oil prices rallied sharply again, surging nearly 12% near $90.30 a barrel. Meanwhile, the Dow Jones Transportation Average slumped 4% and plunged through its 50-day moving average. And Investor’s Business Daily’s airline group was down 3.3% for the day.

Sellers hit transportation stocks hard, including trucking firm Nasdaq 100 firm Old Dominion Freight Line (ODFL), which cratered nearly 8%. The stock pierced its 21-day exponential moving average and is now more than 7% below a 208.74 cup-with-handle buy point.

But several stocks bucked the trend in the IBD 50, including Vista Energy (VIST), up more than 4%. The Mexico-based oil and gas producer on Feb. 25 reported a 113% jump in quarterly profit, while revenue grew 53% to $719.1 million.

The New York Stock Exchange-listed stock has a market capitalization of nearly $7 billion. It’s still in a 5% buy zone from an alternate entry of 62.42.

11:32 a.m. ET

Oil Names Are Top Performers

Oil and gas-related companies were among the day’s top performers in IBD’s database. The exploration and production group was up more than 2%. LandBridge (LB) was mostly unchanged, but it’s been trading tightly after soaring more than 13% on Feb. 26. That brings a buy point of 76.08 into play.

Inside the S&P 500, Ciena (CIEN) rallied 4% after gapping down on earnings Thursday. It was a negative response to earnings even though profit more than doubled from a year ago to $1.35 a share, while revenue increased 33% to $1.43 billion.

Oracle (ORCL) rallied nearly 2% ahead of next week’s earnings report. Results are due Tuesday after the close. Adobe (ADBE) reports later in the week on Thursday.

In the aerospace and defense group, Karman (KRMN) continued work on the right side of a cup base. Shares jumped 5% in heavy volume even the group was down 1% for the day.

10:19 a.m. ET

Marvell A Top Nasdaq Gainer

Broadcom (AVGO) competitor Marvell Technology (MRVL) was a top gainer in the Nasdaq 100, up nearly 17%. A strong earnings report and bullish revenue guidance was the catalyst.

See Which Stocks Top Money Managers Are Buying Right Now

CoreWeave (CRWV), which gapped down in late February despite reporting a 110% increase in fourth-quarter revenue, gave back nearly 1% despite an outperform rating from Oppenheimer and 140 price target.

After a move above its 50-day moving average Thursday, Guidewire Software (GWRE) rallied more than 2% and was poised for its ninth straight gain. The provider of software to the insurance industry reported a 129% surge in quarterly, with revenue up 24% to $359.1 million.

Samsara (IOT) was another big earnings winner, up around 15%. Earnings and revenue topped expectations while its full-year revenue outlook was also above views. Samsara gapped above its 50-day moving average.

Samsara provides a cloud-based platform that helps transportation, construction and logistics firms digitize and optimize their physical operations to improve safety and efficiency.

9:42 a.m. ET

Nasdaq 100 Winners, Losers: PDD, Applied Materials, ASML

Within the Nasdaq 100, PDD Holdings (PDD) and Diamondback Energy (FANG) rallied 1% and 2%, respectively, making them some of the best performers just after the opening bell.

Meanwhile, Applied Materials (AMAT) and ASML (ASML) both tumbled between 4% and 5% in morning action.

9:04 a.m. ET

Dow Jones Movers: Chevron, Amazon

Inside the Dow Jones industrials, Chevron (CVX) rallied more than 1% as oil prices continued to rise. Shares are set to hit a new high.

On the downside, Amazon (AMZN) and American Express (AXP) declined roughly 2% each ahead of the market open.

8:41 a.m. ET

Stock Market Today: Weak Jobs Report

Early Friday, the Labor Department said the U.S. economy lost 92,000 jobs in February, much weaker than anticipated. The jobless rate ticked higher to 4.4%, in line with estimates.

Nonfarm payrolls were expected to rise by 60,000, according to Econoday estimates.

Elsewhere, retail sales for January fell 0.2% and were unchanged excluding autos. Sales were expected to drop 0.4%, with a 0.1% rise, excluding autos.

7:57 a.m. ET

Stock Market Today: Nvidia Stock Slides

Nvidia stock dropped 1.4% premarket Friday, on pace to snap a two-day winning streak.

Shares have been finding support around their 200-day moving average. But the 50-day line looms as a key resistance level for the artificial intelligence leader. A decisive retake of that level would be bullish for the stock’s immediate prospects.

Timely Tips And Tools On How To Invest In Stocks In This Market

Earnings Movers: Costco, Marvell

Earnings movers Friday morning were Costco Wholesale (COST), Embraer (EMBJ), Gap (GAP), Marvell Technology (MRVL) and Samsara (IOT).

Shares of Costco fell modestly, as Embraer stock rallied more than 1% in early morning trading. Gap stock tumbled more than 8% in premarket trading, while Marvell stock jumped more than 11%. Finally, Samsara surged more than 11% in premarket action.

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Stock Market Today: Jobs Report

Due at 8:30 a.m. ET is the Labor Department’s February jobs report. Nonfarm payrolls are seen up 60,000, with the unemployment rate ticking up to 4.4%, according to Econoday estimates.

Further, January’s retail sales report from the Commerce Department is also due out at 8:30 a.m. ET. Sales are expected to fall 0.4%, with a 0.1% rise excluding autos.

Natural Gas Stock Ignites Breakout, Fuels AI With Middle East In Turmoil

_Be sure to follow Scott Lehtonen on X _at @IBD_SLehtonen for more on growth stocks, the Dow Jone__s Industrial Average and the stock market today.

Follow Ken Shreve on X @IBD_KShreve for more stock market analysis and insight.

_Follow Kimberley Koenig for more stock market news on X, the platform formerly known as Twitter, @IBD_KKoenig. _

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