Morning Report 3 Mar 21: US sharemarkets fell on Tuesday

March 3, 2021

Shares of Target slumped 6.8% on an underwhelming profit outlook. Tech giants Apple (-2.1%), Facebook (-2.2%), Microsoft (-1.3%) and Tesla (-4.5%) dragged down the Nasdaq index. But shares of Rocket Companies soared 71.2% after a news report that the stock could be a Reddit target for its high short-interest. Retailer Kohl's shares rose 0.6% after it posted holiday quarter results above analyst expectations. Shares of TV ratings provider Nielsen jumped 7.6% after it sold its advanced video advertising business to Roku. The Dow Jones index closed down by 144 points or 0.5%. And the S&P 500 index fell by 0.8% with the Nasdaq index 230 points or 1.7% lower.

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