Stock Market Update

04-Mar-22 12:30 ET
Negative reaction to good earnings from Marvell
Dow -282.56 at 33512.10, Nasdaq -207.68 at 13330.26, S&P -45.25 at 4318.24

[BRIEFING.COM] The S&P 500 is off session lows (-1.8%) but is still floundering with a 1.1% decline. 

In other earnings news, semiconductor company Marvell (MRVL 63.72, -4.142, -2.2%) is struggling despite beating top and bottom-line estimates and a range for Q1 revenue guidance that was mostly above consensus.

MRVL was downgraded to Hold from Buy at Summit Insights and had its price target lowered to $105 from $115 at Needham. 

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