People walk during heavy rain in Manhattan, New York, United States on March 05, 2025.
Selcuk Acar | Anadolu | Getty Images
My top 10 things to watch Thursday, March 6
1. Stocks are headed for a sharply lower open today as Wall Street’s optimism on tariff exemptions for automobiles yesterday has given way to more uncertainty and confusion. Initial jobless claims for last week came in slightly better than expected ahead of Friday’s employment report.
2. Layoffs in February were at their highest since 2020, according to outplacement firm Challenger, Gray & Christmas. More than a third of the 172,017 layoffs last month were the result of Elon Musk’s federal government job cuts.
3. Marvell shares sank almost 18% this morning after the chipmaker didn’t guide up as strongly as people expected. The great quarter meant nothing. AI is not running out of room, even if that’s how this is being viewed. Nevertheless, other chip stocks, including Club name Nvidia, were taking a hit.
