HomeMarketsU.S. EconomyStock Market Today: SPX Taps 200-Day SMA, MRVL Sell-Off, AVGO Gains

Stock Market Today: SPX Taps 200-Day SMA, MRVL Sell-Off, AVGO Gains

Today's trading session destroyed Wednesday's gains and continued weakness for the week. The NDX and RUT are both down 4% and the SPX isn't far behind as it tapped the 200-day SMA, a bearish indicator for the index. Marvell's (MRVL) 20% sell-off didn't help boost sentiment and added onto losses throughout the A.I. space. Broadcom (AVGO) offered a bright spot for the industry after posting an earnings beat. Oliver Renick runs through the day's biggest stories.

06 Mar 2025

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